Historically best result of ÖBB’s cargo transport

Rail Cargo Group achieved record result in 2013 despite its withdrawal from difficult segments and slightly declining turnover

For the cargo transport segment of ÖBB Holding the strategy „margin over volume“ pays off. Despite the transfer of activities in HGV traffic to the Transdanubia forwarding company (around EUR 50 million in sales volume), renunciation and targeted withdrawal from unprofitable businesses – especially in the field of railway forwarding – the Rail Cargo Group reported a record result for the last financial year. With revenue at the amount of EUR 2.28 billion, EBIT in the subgroup amounted to EUR 58.5 million, representing an increase of 88 per cent compared to 2012.

They carried a net tonnage (consolidated) of 109 million tonnes, meaning a decrease during the period by 3 per cent. Despite increasing competition in the liberalised market for freight transport, the Rail Cargo Group maintains a market share of 80.9 per cent. Both Rail Cargo Austria and Rail Cargo Hungaria are the clear market leaders in their respective home countries.

Christian Kern, CEO of ÖBB, sees the subgroup for freight transport on a good path with a 3 per cent EBIT-margin. Nevertheless, he announced „continued measures to improve the economic substance“ at the press conference.

To this end, the Rail Cargo Group strengthens its position in the Adriatic ports and is expanding operations in its rail freight segmemt (Rail Cargo Carrier) to Slovakia and Croatia. What makes Christian Kern optimistic, is the circumstance „that our freight has grown faster than the overall economy in the first quarter of 2014.“

www.railcargo.at/en/index.jsp

Quelle: LogEastics
Portal: www.logistik-express.com