In 2019, Keolis achieved another year of strong growth, characterised by an increase in turnover (+11%) and the operating result EBITDA (+7%).
Revenues rose sharply, thanks in particular to the full-year effect of the Transport for Wales contract, and surpass the 6 billion euro mark for the first time, at €6.579bn.
Revenue growth exceeds 10% for the second consecutive year and comes with an increase of 6.6% in operational profitability (recurring EBITDA), progressing from €392m in 2018 to €418m. Operating margin is at 6.4%.
Net Recurring Income, Group share, rose to €84m, up 7.3% on a comparable basis. This includes adjustments for the one-off impacts related to the change in accounting methods for the French State tax benefit for Competitiveness & Employment (CICE) and the first year of implementation of IFRS16.
For the first time in Keolis' history, revenues in international transport exceeded those of France (53% vs. 47%).
The Group accelerated its contribution to the energy transition throughout the world, by winning, preparing and launching several mobility services using alternative energies.
The Group continues its strong two-digit growth trajectory reflecting the robust development of our activities, notably internationally. 2019 marked a turning point in sustainable mobility and alternative energies which was illustrated in particular by emblematic wins internationally and by the launch of major mobility services in France.