Ferrovie dello Stato - Trenitalia
Press Release FS GROUP: 2010 FINANCIAL STATEMENTS APPROVED – PROFITS INCREASE FOR THE THIRD CONSECUTIVE YEAR • Net profit: 129 million Euros (+139%) • All operating margins increased EBITDA + 14.5%; EBIT + 16.8%; • On the eve of the new 2011-2015 Business Plan, the following was recovered as from 2006: 2,310 bn Euros on EBITDA 2,436 bn Euros on EBIT 2,244 bn Euros on the net result • Increasingly marked pathway towards the market and value creation • Strengthening of the internationalisation process • The financial statements were drawn up for the first time in accordance with IAS/IFRS international accounting principles Rome, 17 th May 2011 The Board of Directors of Ferrovie dello Stato, chaired by Mr. Lamberto Cardia, approved the Company’s financial statement and the Group’s consolidated balance sheet as at 31 st December 2010, drafted for the first time in accordance with the international accounting principles (IAS/IFRS), adopted by the Group on a voluntary basis. In 2010 the FS Group strengthened all its goals and for the third consecutive year closed the accounting period with a net positive result of about 129 million Euros, registering a 139% growth compared to the 54 millions of the previous year. Significant EBITDA performance, exceeding 1.6 billion Euros (EBITDA margin accounting for 20.6%) thanks to the operating revenues that for the first time in the history of the Group exceed 8 billion Euros (6.7 billions at the end of 2006) driven by the growth in operation revenues. At the same time, operating costs decreased (-128 million Euros as compared to 2009) thanks to the strong rationalisation launched in the last months of 2006, and still ongoing, as well as to the targeted reengineering interventions of the main industrial processes. Positive results EBIT as well: 508 million Euros, with a 73 million growth as compared to 2009.