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This article was published on November 22, 2015 at 14:53.
The last change is the November 22, 2015 at 15:02.
But not only that. The earnings growth continues despite the divisions (internal executive) on how to privatize the group, and despite persistent rumors of imminent changes at the top. Items that have been strengthened after the meeting three days ago at Palazzo Chigi between Prime Renzi, Economy Minister Padoan, the president of FS Marcello Messori and CEO Michele Elia. The government could change in a matter of a couple of months at the helm of the group calling for the current to BusItalia, Renato Mazzoncini, which has won the support of Renzi with the privatization of local transport Florentine.
The operating results Fs are, however, still an improvement. At year end – according to preliminary 2015 updated to 18 November – Elia, it may present a profit increase of 60%, from 303 million to 500, with revenues in further development 8,390,000,000 to 8,500,000,000. Investment, in turn, showed a strong acceleration from 4.3 billion in 2014 to 5.3 billion in 2015 (including approximately 3.4 to 1.5 in infrastructure and rolling stock) with a share of self-financing to 39 % and a projected 6.5 billion budget in 2016, partly due to the release of the great works, from the Naples-Bari and the Sicilian grid on which Elijah as well as the role of the government commissioner.
It was also unraveled the knot of regional transport and commuters in ten regions of 17 (other 4 are in negotiation), with the renewal of service contracts that will ensure annual sales of the order of 1,640 million and the ‘purchase of new trains with an investment of 1.87 billion, while the business of the High speed began to make use of the contribution of the new frecciarossa 1000. To confirm a management that does not undergo braking, there are also 1,700 assumptions of which 150 related to young graduates (80 are engineers).
On the strategic front, the business plan of Elijah (inherited in setting Mauro Moretti) needs a throw up numbers in revenues (to RFI) and cost (for Trenitalia) to take account of ‘revolutionary effect of the resolution of the transports that last Wednesday dictated the new criteria for the calculation of tolls for access to the network.
On priorities – also internal reorganization – Elijah pushes to revive the business and close some operations key in tight times: rationalization of freight transport and logistics into a single entity, to put hand to ‘unresolved knot of cargo; rationalization of local public transport with a greater integration of iron and rubber, and the attempt of expansion in public services urban road, beyond the case ATAF Florence; rationalization of R & amp; D in a single structure; internationalization concentrated in a dedicated facility.
One of the results that Elijah proudly claims is, moreover, its expansion in foreign sales which now represents 12% of the total, with the participation in European projects (Paris-Brussels, Madrid-Barcelona , Hamburg-Frankfurt routes of sudu German, English High speed) and non-European (Singapore-Kuala Lumpur, Saudi Arabia, Oman, South Africa and Bbrasile). Fs point anyway on these four strategic sectors for a strong rise in revenue, so that instead expand its EBITDA in 2015 will mark a slight decline, going from 2013 to 1900 million above – say Fs – for worsening conditions regulations.
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