Independent journal on economy and transport policy
12:47 GMT+1
This page has been automatically translated by Original news
railway operator Helvetic BLS Cargo has closed first semester 2015 with a net loss of -1,6 million franchi
the company has emphasized that the liabilities are determined by the monetary losses caused by the elimination of the minimal threshold of change between Swiss franc and euro
September 7, 2015
BLS Cargo, Helvetic railway society that work mainly complete trains in traffic arranged not accompanied on the axis north-south through Switzerland, has closed the first semester of this year with a net loss of -1,6 million franchi Swiss (1,5 million euros). The company has specified that monetary losses caused by the elimination of the minimal threshold of change between Swiss franc and euro from January have negatively affected the result that, otherwise, would have been of positive sign.
In the first six months of the 2015 society it has recorded a turnover of 83,9 million franchi Swiss regarding 85,8 million in the first half last year. Operating profit (EBIT) is piled to 1,3 million franchi Swiss against 2,7 million in the first semester of 2014.
BLS Cargo has announced that the volume of traffic enlivened in the first half of 2015, measured in numbers of trains, instead is increased of +7%, increase that – it has emphasized the company - to clearly of the monetary effects, corresponds to clearly positive an operating result.
Remembering that the services lend from the railway carriers that manage goods in Switzerland in transit are paid, in the overwhelming majority of the cases, in euro (even if the expenses for the Swiss feature of line are corresponded in franchi), BLS Cargo have evidenced that the devaluation of the euro regarding the Swiss franc has had series repercussions on the rail shipment of the goods that journey through Switzerland. BLS Cargo has specified that regarding the exercise current this element has caused a serious collapse of the margins and has explained that the company has reacted to this situation having managed various structural measures supplying to optimize own plans of production and sale in order to use own resources in way still more efficient and economically favorable, adapting also it mark and revenues to the conditions of the market. BLS Cargo has announced that other measures will be assumed in the course of the second half of the year of 2015 with the objective to compensate the monetary effects.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
BLS Cargo, Helvetic railway society that work mainly complete trains in traffic arranged not accompanied on the axis north-south through Switzerland, has closed the first semester of this year with a net loss of -1,6 million franchi Swiss (1,5 million euros). The company has specified that monetary losses caused by the elimination of the minimal threshold of change between Swiss franc and euro from January have negatively affected the result that, otherwise, would have been of positive sign.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
