2020 results: Keolis withstands the crisis, accelerates its transformation to prepare for the future

8th March 2021
In 2020, Keolis recorded revenues of €6.1 billion, down 7.5%, following a year marked by the pandemic.

The Group's operational profitability (recurring EBITDA) amounted to €532 million, down 24%, penalised by the impact of the health crisis and by the decline in the number of passengers in the networks. After the implementation of action plans, the net impact of the health crisis was -€189 million.

As a result, recurring net profit is -€101 million (vs. €47 million in 2019). Through rigorous management, the company has succeeded in maintaining its debt at €1,034 million, slightly lower than in 2019.

International activity was very strong from a commercial point of view, in particular with the award of the Group's first commuter rail contract in Australia, in Adelaide, and the extension of the Boston commuter rail contract in the United States.

Activity in France has allowed Keolis to consolidate its leadership in urban transport with the renewal of several networks including Alès, Blois and Dreux and to consolidate its market share in suburban transport.

In 2020, Keolis continued its actions to support the energy transition, illustrated in particular by the launches of two major electric bus networks: the largest in Europe in the Netherlands (246 vehicles) and in Bergen, Norway (102 vehicles).

Press releases

Northern Europe: Keolis wins two contract extensions for e-buses in the Netherlands and Denmark

22nd November 2022

Julien Dehornoy succeeds David Franks as CEO of Keolis Downer in Australia

20th November 2022
Agglo Pays d’Issoire

Keolis will operate the urban section of the first public transport network

3rd November 2022

Keolis renews its partnership with Défense mobilité to meet its recruitment needs

26th October 2022