Ferrovie dello Stato Italiane (FS Group) has reported €18 billion in investments for 2025, including €7 billion from Italy’s national recovery plan (PNRR).
According to the figures presented, 241 new vehicles — including trains and buses — were delivered during the year. The company also reported improved operational indicators, including 35,000 more on-time train services and a 3% rise in punctuality for high-speed rail. Passenger volumes reached 577 million in Italy and 253 million abroad, reflecting a year-on-year increase of 15%.
The Strategic Plan also includes a projected €177 billion in investments for the period 2026–2034, and a separate €20 billion budget allocated through 2034 for a national Technology Plan, which includes digitisation of infrastructure and traffic systems.
FS Group’s financial targets for 2029 remain unchanged: €20 billion in revenue, €3.5 billion in EBITDA and €500 million in net profit. As part of its internal restructuring, the group has launched new business units, created an internal training programme under the FS School, and implemented changes in governance and project execution models.
