Keolis announces 2019 trading results

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Keolis has announced that in the 2019 financial year, it exceeded the €6 billion turnover mark, achieving another year of strong growth, characterised by an increase in turnover (up 11%). The public transport operator said that revenues rose sharply, thanks in particular to the full-year effect of the Transport for Wales contract, causing it to surpass the €6 billion mark for the first time, with revenue of €6.579bn. The firm reported that revenue growth exceeded 10% for the second consecutive year and brought with it an increase in operational profitability of 6.6%, up from €392m in 2018 to €418m, with an operating margin of 6.4%.

For the first time in Keolis’ history, it reports that revenues in its international transport operations exceeded those of France (53% against 47%). The Group says it accelerated its contribution to the energy transition throughout the world, by winning, preparing and launching several mobility services using alternative energies.

“The Group continues its strong two-digit growth trajectory reflecting the robust development of our activities, notably internationally. 2019 marked a turning point in sustainable mobility and alternative energies which was illustrated in particular by emblematic wins internationally and by the launch of major mobility services in France,” said Patrick Jeantet, Keolis Group Executive Chairman.