Keolis releases its 2023 annual results
For the 3rd consecutive year, Keolis continues its selective growth and reports a controlled financial performance.
2023 annual results
Keolis releases its 2023 annual results
- Keolis continues to report selective growth with revenue of €7.0 bn in 2023, up by 6.6%* on an organic basis compared to 2022.
- Keolis’ recurring operating profit (EBIT) amounts to €164 million, representing a margin of 2.3% of revenue.
- Net profit, Keolis share, is positive for the third consecutive year, standing at €10 million. It is down compared with 2022, mainly impacted by rising energy costs.
- Free cash flow remains robust at +€180 million. Financial debt (excluding IFRS 16) has dropped by €104 million and stood at €870 million at 31 December 2023. Keolis thus has a solid financial structure, with a leverage ratio of 2.8x.
- In its commercial activities, Keolis has bolstered its positions on its various markets around the world. In France, Keolis experienced brisk business and increased its market share in Île-de-France, in particular with the win of Grand Paris Express metro lines 16 and 17. Outside France, Keolis has developed its footprint with significant contracts in the United States and Northern Europe.
€7.0bn
revenue in 2023
€164M
recurring operating profit (EBIT)
€10M
net profit Keolis share for the 3rd consecutive year
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