Railway company SBB CFF FFS has closed 2010 with a decrease of 19.3% of the result clearly



Railway group Helvetic SBB CFF FFS has closed 2010 with a result clearly in decided decrease (- 19.3%) regarding the exercise anniversary precedence. The clearly consolidated profit has been in fact of 298,3 million franchi Swiss regarding 369,8 million franchi Swiss in 2009. The company has explained that such worsening is riconducibile in particular to necessary the additional maintenance for the railway infrastructure, as the deep ones allocated based on the convention on the performances with the Confederation have not been enough to guarantee the maintenance and the group therefore has had to employ ulterior resources, to the reduction of the sales of pieces of real estate and to the burdens which had to the reorganization of the case pensions. The revenues of the group have been attested 7,8 billion franchi Swiss (- to 0.1%), of which 3,6 billion revenues generated from the activity of rail shipment (3,5 billion in 2009).

The division fleeting has archived item 2010 with a profit of 292,6 million franchi Swiss (280,6 million in 2009), while in the real estate industry the exercise result has been Swiss pairs to 246,7 million franchi (361,9 million in 2009). In spite of the best performances than transport, the traffic goods does not have still invert the tendency and has closed 2010 with a Swiss loss of 64 million franchi respect to a loss of 62,5 million in 2009. The division Infrastructure has achieved a profit of 4,8 million franchi Swiss (loss of 6,5 million in 2009).

The Helvetic group has emphasized that to arouse worry it is the increasing indebtedness of the company. Alle entered coming from the exercise pairs to 846,3 million franchi Swiss, investments for 2.629 million have been opposed. The free cash flow - taken into consideration the investments in the infrastructure supported from the powers publics - has been attested to -1.371 million franchi (+375 million in 2009). This - it has explained SBB CFF FFS - is imputable above all to the investments of 965,8 million franchi Swiss in the new rotabile material that will gradually be put in service beginning from 2011 let alone to a contribution of 938 million franchi to the reorganization of the case pensions. The indebtedness subject to interests has grown of 763,2 million franchi to 8,068 billion (7,304 billion in 2009). In last the five years the indebtedness subject to interests is increased almost 2,5 billion.

Last year in the field fleeting the group has transported daily a number record of 951.000 people for a total anniversary of 347,1 million passengers, in increase of 6.0% regarding 327,5 million in 2009. In the field cargo the traffic has been altogether pairs to 13,1 billion ton-km, with an increment of 12.3% on 2009.

SBB CFF FFS has announced that in the 2010 exploitation already elevated of the Swiss railway net newly the increment of the question has grown as a result of and that on every kilometer of track of SBB CFF FFS 95,4 trains to the day regarding 94,4 in 2009 are circulated in average, a value that does not have pairs world-wise.

The company has emphasized the necessity to finance the Helvetic railway system in the long term, as the question of mobility in Switzerland will continue to grow with an ulterior meaningful increase of the number of passengers on the trains of the company hence to 2030. This - it has found SBB CFF FFS - determines requirements of investments in new rotabile material in the order of about 20 billion franchi Swiss, while for the maintenance and the development of infrastructures advanced investments to 40 billion franchi Swiss are previewed. An enormous deficiency is shown therefore - it has evidenced the railway society - financial institution regarding the instruments of financing today available.

SBB CFF FFS has explained that, with the objective to increase the productivity and efficiency ulteriorly and to reorganize the business fields in loss, in the segment SBB cargo scorporo the International Cargo, joint venture with Hupac that has become operating at the beginning of 2011 ( on 5 July and 6 10 september 2010 and January 2011), it would have to determine sensitive cost reductions and to generate profits in the medium period and that, in the gainful fields as the traffic fleeting to long national and international distance, the company will invest in new and more efficient rotabile material.