Data and Financial Statements

immagine grafici e contabilitàRete Ferroviaria Italiana (RFI) recorded net profit of € 140 million (270 million in 2013) in spite of the impact of standards and regulation that negatively influenced its business.

Because RFI SpA is the railway network operator, its revenue trend is closely related to and influenced by the legislative measures that regulate the sector. Specifically, during the year were recorded lower funds earmarked in the Government Programme Contract for 2012/2014 – Services, as a result of the extensive revision of the maintenance models applied to the Italian railway network, and the reduction in the toll charge for the HS (High Speed) network, approved by Ministerial Decree no. 330 of 10 September 2013 and ART resolution no. 70 of 31 October 2014.

EBITDA decreased by € 69 million due to a drop in operational revenue by 7% (down 193 million from 2013), because of a reduction in public spending.

The same EBITDA benefits from considerable decrease in operational costs (down € 124 million from 2013, -6%). The decrease in net profit, despite certain financial provisions and charges, is due to higher taxes (+ € 128 million) emanating from changes in tax regulation.




PRINCIPALI DATI ECONOMICI, PATRIMONIALI E FINANZIARI
  mln€ mln€ mln€  
  2014 2013 Variazione %
Ricavi operativi 2.483 2.676 (193) (7%)
Costi operativi (2.032) (2.156) 124 (6%)
Margine operativo lordo (EBITDA) 451 520 (69) (13%)
Risultato operativo (EBIT) 350 391 (41) (10%)
Risultato netto 140 270 (130) (48%)
  31.12.2014 31.12.2013 Variazione %
Capitale investito netto (CIN) 33.212 32.593 619 2%
Mezzi propri (MP) 33.324 33.295 29 0%
Posizione finanziaria netta (PFN) (112) (702) 590 (84%)
Investimenti dell'esercizio 2.685 2.871 (186) (6%)
Flusso di cassa generato da attività di esercizio (548) 403 (951) (236%)
PRINCIPALI INDICATORI ECONOMICI
      2014 2013
EBITDA/RICAVI OPERATIVI 18,16% 19,43%
ROS (EBIT MARGIN) 14,10% 14,61%
COSTO DEL PERSONALE/RICAVI OPERATIVI 57,71% 54,41%
dati al 31.12.2014



Share Capital: 31.525.279.633,00 Euros

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