FNM Group
9M 2022 RESULTS
November 11th 2022
FNM Group| Overview
2
Overview
Economic & Financial Results
- Financial highlights
- Mobility demand in the period
- 9M 2022 consolidated results
FY 2022 Outlook
Appendix
FNM Group| 9M 2022 Highlights
Il gruppo in breve
REPORTED1 | PRO FORMA2 | |||||||||||||||||||||||||||
(in mln € ) | 447.2 | (in mln € ) | 447.2 | |||||||||||||||||||||||||
Revenues | +22% | Revenues | +13% | |||||||||||||||||||||||||
367.3 | 397.0 | |||||||||||||||||||||||||||
155.7 | 155.7 | |||||||||||||||||||||||||||
Adj. EBITDA | 3 | +25% | Adj. EBITDA3 | +15% | ||||||||||||||||||||||||
124.1 | 135.9 | |||||||||||||||||||||||||||
EBIT | 87.1 | EBIT | 87.1 | |||||||||||||||||||||||||
+26% | +17% | |||||||||||||||||||||||||||
68.9 | 74.5 | |||||||||||||||||||||||||||
Adj. Net Result4 | 58.3 | +52% | Adj. Net Result4 | 58.3 | +35% | |||||||||||||||||||||||
38.3 | 43.3 | |||||||||||||||||||||||||||
Net Result | 38.4 | +71% | Net Result | 38.4 | +43% | |||||||||||||||||||||||
22.4 | 26.8 | |||||||||||||||||||||||||||
9M22 | 9M21 | 9M22 | 9M21 | |||||||||||||||||||||||||
30 Sep. 2022 | 31 Dec. 2021 | |||||||||||||||||||||||||||
Adj. NFP 5 | 739.4 | |||||||||||||||||||||||||||
-2.1% | Credit Ratings | Baa3 stable | BBB stable | |||||||||||||||||||||||||
755.6 | ||||||||||||||||||||||||||||
1 | - For the purposes of P&L, in 2021 MISE is consolidated since February 26th. 2 - For the purposes of P&L, in 2021 MISE is consolidated starting from January 1st. 3 - Adjusted EBITDA: excluding extraordinary gains and losses | |
4 | - Adjusted Net Result: Net Profit (Loss) before recognition of the result of companies consolidated using the equity method | 4 |
5 | - Adjusted Net Financial Position: NFP calculated excluding cash and payables related to financial investments made in accordance with Regione Lombardia's "2017-2032 Rolling Stock purchase programme", with the aim of sterilizing the timing effects of contributions | |
collection and payments made to suppliers, recognized in accordance with IFRIC 12
FNM Group | Mobility demand in the period
Rebound of demand across all segments but still below pre-pandemic levels, heavy vehicle traffic volumes above 2019 levels
Bus transport | |||||||||||||||||||
-28.2% | |||||||||||||||||||
56.2 | |||||||||||||||||||
2.7 | 40.4 | ||||||||||||||||||
30.4 | 32.7 | ||||||||||||||||||
2.1 | |||||||||||||||||||
0.9 | |||||||||||||||||||
53.5 | 1.1 | +23.2% | |||||||||||||||||
38.3 | |||||||||||||||||||
31.8 | |||||||||||||||||||
29.3 | |||||||||||||||||||
9M 2019 | 9M 2020 | 9M 2021 | 9M 2022 | ||||||||||||||||
FNMA | ATV | (mln passengers) | |||||||||||||||||
Trenord
-30.1%
152.9
106.9
72.779.6
+34.3%
9M 2019 | 9M 2020 | 9M 2021 | 9M 2022 |
(mln passengers)
MISE
-5.2%
2,362.0 | 2,240.0 | ||||||||
1,933.6 | |||||||||
1,623.1 | |||||||||
+15.8% | |||||||||
1,909.4 | 1,234.3 | 1,480.2 | 1,771.7 | ||||||
452.6 | 388.8 | 453.4 | 468.3 | ||||||
9M 2019 | 9M 2020 | 9M 2021 | 9M 2022 | ||||||
Light vehicles | Heavy vehicles | (mln vehicles-km) | |||||||
APL | |||||||||
+6.2% | 224.3 | ||||||||
211.2 | 177.1 | ||||||||
144.8 | +26.7% | ||||||||
170.8 | 137.3 | 178.6 | |||||||
112.4 | |||||||||
40.4 | 32.4 | 39.8 | 45.8 | ||||||
9M 2019 | 9M 2020 | 9M 2021 | 9M 2022 | ||||||
Light vehicles | Heavy vehicles | (mln vehicles-km) | |||||||
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FNM S.p.A. published this content on 11 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2022 13:11:05 UTC.