FNM S.P.A. FNM Group
FY 2022 RESULTS
March 16th 2023
FNM Group| Overview
2
Overview
Economic & Financial Results
- Financial highlights
- Mobility demand in the period
- FY 2022 consolidated results
Outlook & Dividends
Appendix
FNM Group| FY 2022 Highlights
REPORTED1 | PRO FORMA2 |
(in mln € )
Revenues
Adj. EBITDA3
EBIT
Adj. Net Result4
Net Result
605.4
+18%
514.0
193.1
+26%
153.5
101.1
+33%
75.9
68.8
+84%
37.4
68.5
+68%
40.8
FY22 FY21
(in mln € )
Revenues
Adj. EBITDA3
EBIT
Adj. Net Result4
Net Result
605.4
+11%
543.7
193.1
+17%
165.3
101.1
+18%
86.0
68.8
+51%
45.6
68.5
+42%
48.4
FY22 FY21
31 Dec. 2022 31 Dec. 2021
Adj. NFP 5
766.9 | |||||
+1.5% | Credit Ratings | Baa3 stable | BBB stable | ||
755.6 | |||||
1 | - For the purposes of P&L, in 2021 MISE is consolidated since February 26th. 2 - For the purposes of P&L, in 2021 MISE is consolidated starting from January 1st. 3 - Adjusted EBITDA: excluding extraordinary gains and losses | |
4 | - Adjusted Net Result: Net Profit (Loss) before recognition of the result of companies consolidated using the equity method | 4 |
5 | - Adjusted Net Financial Position: NFP calculated excluding cash and payables related to financial investments made in accordance with Regione Lombardia's "2017-2032 Rolling Stock purchase programme", with the aim of sterilizing the timing effects of contributions | |
collection and payments made to suppliers, recognized in accordance with IFRIC 12
FNM Group | Mobility demand in the period
Rebound of demand across all segments but still below pre-pandemic levels, heavy vehicle traffic volumes above 2019 levels
Bus transport
-24.0%
77.4 | ||||||||||||||
4.0 | 58.8 | |||||||||||||
45.5 | 48.2 | |||||||||||||
3.4 | ||||||||||||||
1.9 | ||||||||||||||
73.4 | 1.4 | |||||||||||||
44.1 | 46.2 | +22.1% | 55.4 | |||||||||||
2019 | 2020 | 2021 | 2022 | |||||||||||
FNMA | ATV | (mln passengers) | ||||||||||||
Trenord
-29.6%
MISE
-4.5%
3,115 | 2,649 | 2,976 | |||||||
2,117 | +12.3% | ||||||||
2,512 | 1,585 | 2,039 | 2,355 | ||||||
603 | 533 | 610 | 621 | ||||||
2019 | 2020 | 2021 | 2022 | ||||||
Light vehicles | Heavy vehicles | (mln vehicles-km) | |||||||
APL | |||||||||
+4.6% | |||||||||
214.5
92.6
151.0
116.3
+29.8%
287.2 | 300.5 | ||
251.9 | |||
193.3 | +19.3% | ||
232.5 | 196.6 | 239.9 | |
148.7 | |||
54.7 | 44.6 | 55.3 | 60.6 |
2019 | 2020 | 2021 | 2022 |
(mln passengers)
2019 | 2020 | 2021 | 2022 | ||
Light vehicles | Heavy vehicles | (mln vehicles-km) | |||
5
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Disclaimer
FNM S.p.A. published this content on 16 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 March 2023 12:34:08 UTC.
