SNCF Group announced a net profit of €1.3 billion and a 5.4% increase in revenue to €41.8 billion, excluding the normalization of transport commission prices in the logistics sector. Passenger rail transport saw an increase in ridership, with notable growth across its services: +7% for TER, +6% for Transilien, +5% for Intercités, and +6% for TGV France and Europe, marking a record year for the latter.
In the logistics sector, GEODIS managed to maintain its profitability despite a difficult international context and a 15% reduction in revenue due to the normalization of freight rates and economic slowdown. The Group's strategic assets, KEOLIS and GEODIS, contributed to sustaining the core French rail network. SNCF's ambitious strategic plan, approved by the board at the end of 2023, includes significant investment in the national rail network and rolling stock to benefit customers, carriers, and territories.
The Group's financial solidity is underscored by positive free cash flow of €2.5 billion and a reduction in net debt to €24.2 billion. Investments reached a record €10.6 billion, 97% of which was in France. The Group's commitment to ecological transition is evident in its 8% reduction in greenhouse gas emissions in France compared to 2022 and initiatives like SNCF Renewables, aiming to cover 15-20% of the company's electricity consumption with solar energy by 2030.
SNCF's social pact was strengthened with significant wage increases for railway staff, recruitment of over 25,300 new employees, and investments in professional training. The Group's performance and strategic investments are aligned with its goal of doubling the share of rail transport by 2040, supported by a financial trajectory that ensures sustainability and independence.
