2019 results: Keolis exceeds the 6 billion euro turnover mark

Released on 23/04/2020

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.


Patrick Jeantet, Group Executive Chairman, Keolis