FS Group invests record 16 billion euro in 2023
FS Group reported investments totalling 16 billion euros in 2023, according to the financial report approved by Ferrovie dello Stato Italiane. The group’s revenues reached 15 billion euros, reflecting an 8 per cent increase from 2022. Additionally, the group recorded a net profit of 100 million euros, six times higher than the previous year.
Under the leadership of FS Group CEO Luigi Ferraris, the group’s growth was influenced by various factors. Ferraris noted that the increase in passenger numbers within the Passenger Business Unit contributed significantly to revenue growth, with an 11.2 per cent increase compared to 2022. Revenue from freight transport also saw a 6 per cent rise, “despite a complicated year,” says Ferraris.
The group’s focus on Europe yielded positive results, with revenues from international operations increasing by 80 per cent compared to 2020. This growth was attributed to the expansion of high-speed rail services in France and Spain, as well as the development of the logistics business in the central European market integrated with Italy.
During the interview, Ferraris underscored the group’s achievements and operational highlights. He also highlighted the group’s commitment to the timetable of the National Recovery and Resilience Plan: “By 31 December 2023, we had invested 8 billion Euro of the funds allocated for the projects planned under the NRRP. So we are on schedule and are building important works to support Italy’s infrastructure and growth.”
Ferraris expressed satisfaction with the growth in passenger transport: “Our trains have now returned to pre-Covid load levels, reflecting strong demand and an important boost from tourism.” The logistics division also showed resilience, achieving a 7 per cent increase in turnover despite challenges. Ferraris attributed this success to strategic positioning in Europe, enabling integrated and competitive offerings.
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