Keolis strengthens its financial position
Following strong growth in 2015, annual revenue for 2016 increased by +1.4% to €5.1 billion. This moderate progression is in part due to the appreciation of the euro, which closed the currency gap, and the securing of contracts (€450 million over the full year), the effects of which will carry over to 2017 and 2018.
The group's profitability (EBITDA) rose on previous years by +5.5%, four times the percentage growth rate for revenue. The Group's financial structure remains solid with net debt limited to €870 million, allowing for a leverage ratio of 2.3x at the end of 2016, well under the limits estimated in banking documentation.
billion annual revenue for 2016
million profitability (EBITDA) for 2016
million net income for 2016
A successful year internationally
International growth continued, increasing from 21% to 43% of the Group’s total business in 10 years. This trend continued in 2016 with the win of several major new contracts reflective of Keolis’ multimodal expertise.
- Manchester, UK: Keolis secured the contract for the operation of the Manchester tram network, the largest in the UK with 7 lines and 37 million passengers each year.
- Newcastle, Australia: A multimodal network comprised of buses, ferries and a future tram network, this is the first transport contract of its kind to be awarded to a private operator in Australia.
- Rhineland-Westphalia, Germany: Keolis won the contract for the Rhine-Ruhr S-Bahn suburban train network, allowing the Group to double its number of train-km in Germany, from 11 to 22 million kilometres.
- Utrecht and Alemere, the Netherlands: Keolis won the contract for the regional bus network in Utrecht (over 200 buses) and the suburban bus network in Alemere, Amsterdam (110 buses).
- Sweden: several new bus contracts secured.
Positive commercial results in France
Contracts won or renewed by the Group in 2016 generated revenue of €800 million, representing 30% of Keolis’ overall annual revenue in France. Ticketing revenue in urban networks increased by +3.9% with a +1.6% increase in patronage.
In addition to securing contracts for the Chronoplus network in Côte Basque Adour (Bayonne-Anglet-Biarritz) and for FILIVAL PAM94, a transport service for people with reduced mobility operating in Val-de-Marne, (http://www.keolis.com/en/medias/newsroom/communiques-presse/keolis-operate-filival-pam94), Keolis renewed contracts in several other regions:
- The TCL network in Lyon, the largest multimodal network in France after the Greater Paris region (1.7 million passengers daily and an average of 350 trips per passenger per year).
- Securing the first tender for transport services in the Dijon region, and the first “comprehensive mobility” contract incorporating all transport services (public transport, bike-share services, parking spaces and parking controls).
- Urban transport networks at Laval, Narbonne and Chantilly, several suburban and specialised transport networks such as PAM94 and Optibus in Lyon which cater for people with reduced mobility.
- The sea shuttle maritime network of Penn Ar Bed servicing the islands of Molène, Ouessant et Sein off the coast of Finistère in Brittany.
- Twenty bus contracts with the transport authority for the Greater Paris region (STIF) with a combined revenue of €180 million. http://www.keolis.com/en/keolis-and-stif-sign-20-bus-operation-contracts-greater-paris
Enriching the multimodal offer
The Group has invested in some promising new businesses including LeCab, a leading name in private driver services, and Navya, a manufacturer of automated driverless shuttles. These strategic partnerships aim to develop new mobility solutions. Navly is an example of the outcomes of this approach. Operating in Lyon, this is the world’s first autonomous shuttle service to be integrated into a public transport network. A second example can be seen in Brest, where the Group has started operating the first urban cable car in France. This new mode of transport is already used by an average of 2,600 passengers every day, a patronage level 45% higher than originally forecast.
Record growth for EFFIA, the second largest carpark operator in France.
In 2016, the Group's parking subsidiary won 19 new contracts. With an extra 30,000 parking spaces, EFFIA now manages a total of 175,000 spaces in France. EFFIA also continued its external growth strategy by buying shares in SAEMES, a partially government-owned parking company that is the second biggest parking provider in the Greater Paris region. It also purchased a stake in OnePark, an online parking space reservation platform, and L20, a company specialising in carwash services using recycled water.