The strong growth in passengers has a positive impact on the accounts of Italo, approved yesterday by the Board chaired by Luca Cordero di Montezemolo.
Particularly noteworthy are the revenues, which rise to 454,9 million euro from 364,4 million at the end of 2016, with an increase of 24,8%. L'adjusted ebitda (excluding extraordinary costs) amounted to 155,7 million against 95 million in the same period of the previous year, an increase of 64%. Net of depreciation and write-downs, equal to 29,5 million against 32,5 million in 2016 (-9,4%), theebit it stood at 112,6 million from the 62,4 million of 2016, even rising by 80,3%.
After deducting financial charges (including interest expense/receipts) amounting to €58,1 million, up by 303,4% compared to €14,4 million in 2016 due to extraordinary items mostly due to refinancing (€42,3 million), l 'ebt it reached 54,4 million compared to 48 million in 2016, recording an increase of 13,3%.
Il Net income of the company, which changed its name from Ntv to Italo – Nuovo Trasporto Viaggiatori, amounted to 33,8 million, against 32,7 million in 2016. The net financial position dropped to 443 million against 538,2 million in 2016, down by 95,2 million (-17,7%).
Given the results obtained, the board of directors of the railway company led by CEO Flavio Cattaneo proposed to the shareholders' meeting a dividend of 30 million euros payable in July 2018.
Do not underestimate the numbers relating to passengers: in 2017 Italo transported 12,8 million, a figure which in percentage terms represents an increase of +15,3% compared to last year and double compared to four years ago. In the near future, thanks to the new Milan-Venice section, these numbers could grow further.
