Financial news
Fyra fiasco and economic crisis push NS into the red N
of É76m in the first half of this
ETHERLANDS Railways (NS) recorded a net loss
year compared with a profit of É147m in the first half of 2012. NS says the deterioration in
its financial performance is due to an allowance for losses on the aborted Fyra high-speed
T
RANSPORT authorities in Saxony-Anhalt have
published preliminary information for the tendering of regional services on non- electrified lines in the German state, the so-called Saxony- Anhalt diesel network. The procurement is being managed by Saxony-Anhalt Ministry of Infrastructure and its special purpose vehicle Saxony-Anhalt Local Transport Services, together with authorities from neighbouring states, including Greater Braunschweig Association
service between Amsterdam and Brussels following the failure of the V250 train fleet, a reduction in domestic passenger traffic due to the economic recession, and higher operating costs, coupled with what NS describes as the worst winter for 10 years.
Tender issued for Saxony-Anhalt diesel network
(ZGB) and Thuringia’s Ministry of Transport. The 15-year contract covers a
large number of lines and is split into several parts, with some services due to start on December 10 2017, but most of them a year later. The main part of the contract
covers the operation of around 8 million train-km per year on lines in the Halberstadt, Magdeburg and Stendal areas, and there is also an option for a further 2.5 million train-km per year covering a further 11 secondary lines in the state.
losses atÉ247m,which includes É125m for depreciation and É122m for cancelling the service. Passenger-km fell from 8498
NS estimates Fyra’s overall
million in the first half of 2012 to 8406 million in the first half of this year, resulting in a drop in income from É1052m to
B
É1045m Operating costs rose from É2137m in the first half of 2012 to É2309m this first half partly due to an increase in staff numbers from 27,915 to 28,126. As a result, NS’ operating profit of É204m in
the first half of 2012 became a É106m loss this year.
SouthWest Trains launches emu tender
RITISH train operator South West Trains (SWT) has published a contract notice in the Official Journal of the
European Union (OJEU) for an order for between 135 and 250 emu cars, which will be used to increase capacity on suburban routes southwest of London. The OJEU notice calls for 20m-long vehicles formed into sets
of three to five cars to allow the operation of 10-car trains. The total value of the contract is expected to be between £135m and £425m and the deadline for requests to participate in the tender is September 10. Earlier this year leasing company Porterbrook signed a £40m contract with Vossloh Kiepe to upgrade SWT’s existing fleet of 91 class 455 suburban emus with IGBT traction equipment. This will increase maintenance intervals from 16,000km to around 24,000km, releasing capacity at Wimbledon depot in south London to accommodate the new train fleet.
Freight operators order Siemens Vectrons for use in Germany and Austria
T
WO European open-access operators have signed
contracts with Siemens for a total of five 6.4MW 15kV ac Vectron locomotives, which will be used on freight services in Germany and Austria.
was É16bn in the first half of 2013, on par with the same period in 2012, as SNCF
É1.3bn, or 8.1% of sales, and credits this to cost control, the
during the period. SNCF reported Ebdita of
20
EVENUE at French National Railways (SNCF)
Four of the locomotives will
be delivered to Hamburg- based intermodal operator BoxXpress by the end of 2013. Siemens will maintain the fleet. Austrian operator CargoServ signed a contract with Siemens
reported recurring net profit of É284m, which was boosted by É581m in exceptional items
first phase of a performance plan targeting corporate functions and the positive impact of the CICE tax credit for competitiveness and employment. Free cash flow was also positive at É118m and debt was described as “under control” following investments worth over É1bn during the first six months, an increase of É140m.
on August 7 for one Vectron, which will be delivered in February 2014. This is the first Vectron to be acquired by CargoServ, although the company already operates seven Siemens EuroSprinter
Growth at SNCF Proximités
ES64 locomotives. All five of the Vectrons will
be equipped with ETCS and will be able to operate at up to 160km/h. The locomotives will be assembled at Siemens’ Allach plant near Munich.
SNCF revenues static in first half of 2013 as Euro crisis persists R
was up by 0.6%. However, SNCF Voyages reported a 0.6% fall in revenues and SNCF Geodis a 2.6% decline amidst tough economic conditions in France and Europe. SNCF says the outlook for
the second half of 2013 reflects economic conditions in Europe “which remain gloomy and uncertain.” Current projections
expect French GDP and consumer spending to remain largely unaltered, and the recession in freight transport to continue. But while pressure continues
to mount on public finances, SNCF says it will continue to acquire new and renovate existing rolling stock, and improve infrastructure and stations in the Paris area.
IRJ September 2013
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