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In fiscal 2021, SBB made a loss of CHF 325 million. Last year’s figures are now available. Is SBB still in red?
Although the semi-annual figures in September showed a clear recovery in demand, intercity traffic was open and the situation at SBB Cargo was “challenging”. The half-year result was still negative. Minus: 142 million francs. Sharply rising energy costs, inflation and higher interest rates certainly weighed on the annual result. But how strong is it?
Money worries continue
Especially in the financial field, positive reports will be important. SBB assumes that Corona punched a 3 billion franc hole in the safes. Recently, net debt was CHF 11 billion and the debt coverage ratio was well above the maximum required by the federal government.
Therefore, by 2030, SBB needs to implement savings measures totaling 6 billion francs. In addition, the federal government will provide an additional CHF 80 million per year for cost measures and/or revenue optimization during 2024-2030. Where does SBB cut?
There is at least a positive development in rental income from SBB Gayrimenkul: A strong upward trend was observed in the first half of the fiscal year.
Focus on side shows right now
In addition, public satisfaction with the service provided by SBB is also high. All neighboring countries envy us the punctuality of our trains.
The media has recently focused less on the operation itself and more on the sideshows. For example, the use of facial recognition resulting from new measurement systems for customer frequencies at train stations. Or still insufficient offer for people with limited mobility. The only thing to talk about on the product side was the stench in Dosto. But recently there has also been positive news in the form of a compensation agreement with the manufacturer Alstom.
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
