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27 September 2020 The on-line newspaper devoted to the world of transports 09:16 GMT+2



September 10, 2020

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Original news
The pandemic brings the SBB CFF SFF SBB railway group to the Loss

Half-year revenues down -11.5%

It took the big negative impact on the business Swiss rail group SBB CFF SFF SBB operating profit and net profit negative sign, budget items that were not red since the 2005. In fact, the company closed the first half of 2020 operating and net income of -457 million, respectively 479 million Swiss francs compared to an operating profit of 275 million and a net profit of 279 million Swiss francs in the first half of last year. The sharp deterioration performance was generated by a decrease in performance -11.5% of revenues of 4.24 billion francs and a growth of 4.0% in operating costs, which amounted to 4.70 billions of Swiss francs, with an increase in spending on maintenance of the basic supply - explained the company - that does not it was possible to contain more than that during the Lockdown.

The Swiss group pointed out that 2020 had started well for the company, with passenger traffic, for example, that in the first two months had seen an increase of about 4% in demand. In March, however, the crisis caused by the coronavirus Switzerland's global public transport system and the activities of the railway group. In the second SBB CFF SBB SBB lost about half of its revenues from passenger traffic compared to the same year's period. In the first half of 2020, the average passengers transported daily 810,000 units, more than a third less than year-on-year (1.29 million), and the value of passengers-kilometers fell by -38.4%.

If in the first half of 2020 the transport segment resulted in a net loss of -419 million francs compared to a net profit of 124 million francs in the first quarter of the year. half of last year, the half-year result of the SBB CFF FF Cargo goods was also negative and 27.7 million francs compared to a net profit of 27.7 million francs 250,000 francs in the first half of 2019. SBB Cargo International, the company that is 75% owned by SBB CFF SBB and 25% from hupac, filed the first six months of this year with a net loss of -4.2 million compared to a net profit of 1.0 million francs in the first half of In the freight traffic segment, the performance of the goods services in terms of net tons-kilometers marked a down -12.4% with a total of 7.41 billion tkm net compared to 8.45 billion tkm net in the first half of last year.




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