Transdev Group reports a 4% increase in annual revenue to EUR 10.44bn for 2025, driven by rail market liberalisation in France and contract renewals in North America and Germany.
The fiscal year was marked by a shift in governance: on July 1, 2025, the Rethmann Group increased its stake to 66%, becoming the majority shareholder alongside Caisse des Dépôts (34%). This capital stabilisation followed a successful EUR 800m bond issuance in May 2025 used to refinance existing debt across three- and seven-year tranches.
Several milestones in 2025:
- Marseille–Nice Rail: Operation commenced June 29, representing the first regional rail line in France opened to private competition. Transdev reported a 97.2% operator punctuality rate during the first six months, doubling service frequency compared to previous state-run operations.
- German Rail Renewals: Transdev Germany secured extensions for the Weser-Ems network (EUR 100m/year) and the Rosenheim network (EUR 132m/year) through 2043, maintaining its position as the country's largest private rail operator.
Transdev serves rail services in France, Germany, New Zealand, United States and Canada.
