In 2022, RFI achieved a positive economic result of 263 million euro. Although slightly down on the previous year, this result is particularly significant given the highly uncertain macro-economic environment stemming from the progressive deterioration of the world geo-political situation.
EBITDA increased by 69 million euro (15%) as a result of the recovery in traffic volumes and the demand for ancillary traffic services, which offset the gradual increase in the cost of raw materials, while EBIT confirmed the positive trend for the company, growing by 39 million euro compared to 2021.
The economic advancement of investments, at 5,930 million euro, increased by 339 million euro compared to the previous year, which had already reached the highest value in the last decade. The railway sector is a major player in the scenario of a more connected, digital and sustainable transport system. In this context, the company is called upon to play a fundamental role in the definition and implementation of the PNRR (National Recovery and Resilience Plan) with specific reference to the investments planned in Mission 3 “Sustainable Mobility Infrastructures”, 80% of which are allocated to the development and upgrading of the national and regional railway network, of which 23.86 billion euro is dedicated to RFI investments.
Compared to 2021, the company's high level of financial strength remains consolidated thanks to equity of approximately 34 billion euro.
MAIN OPERATING, CASH FLOW AND CAPITAL FIGURES | ||||
---|---|---|---|---|
mln€ | mln€ | mln€ | ||
2022 | 2021 | Change | % | |
Operating income | 3,233 | 3,057 | 176 | 6% |
Operating Costs | (2,712) | (2,605) | (107) | 4% |
Gross operating margin (EBITDA) | 521 | 452 | 69 | 15% |
Operating result (EBIT) | 312 | 273 | 39 | 14% |
Net result | 263 | 275 | (12) | (4%) |
31.12.2022 | 31.12.2021 | Change | % | |
Net Invested Capital | 34,844 | 35,732 | (888) | (2%) |
Equity | 34,094 | 33,936 | 158 | n.s. |
Net financial position | 750 | 1,796 | (1,046) |
(58%) |
Investments during the year | 6,182 | 7,960 | (1,178) | (22%) |
Total cash flow generated/absorbed during the year | 1,022 | 459 |
563 | n.s. |
MAIN FINANCIAL RATIOS | ||||
2022 | 2021 | |||
EBITDA MARGIN (EBITDA/OPERATING INCOME) | 16.10% | 14.80% | ||
ROS (EBIT MARGIN) | 9.64% | 8.91% | ||
STAFF COSTS/OPERATING INCOME | 46.03% | 50.54% |
31,528,425,067.00 (latest change: 18.12.2018).