FNM S.p.A.

Equities

FNM

IT0000060886

Passenger Transportation, Ground & Sea

Market Closed - Borsa Italiana Other stock markets 11:44:59 2024-05-03 am EDT			5-day change	1st Jan Change
0.468 ^EUR	0.00%		+4.00%	+3.54%

Apr. 02	Futures bullish; new economic data expected	AN
Mar. 28	Mib below parity; strength on Saipem and Cucinelli	AN

FNM S p A : Risultati consolidati IQ 2023

May 12, 2023 at 06:57 am EDT

FNM Group

IQ 2023 RESULTS

12 May 2023

FNM Group| Overview

1 - Include also Nord Energia, currently under liquidation included in Ro.S.Co. & Services segment 2- Companies managing complementary digital platforms, allowing the implementation of Mobility as a Community (MaaC) paradigm. Sportit is active under the brads
Snowit and Bikeit. 3 - Companies operating in the freight mobility and logistics sector, at present included respectively in the Railway Infrastructure and Ro.S.Co. & Services segments. Malpensa Distripark is in a start-up phase. 4 - Company operating in Road Passenger	2
Mobility but considered in the Ro.S.Co. & Services segment for the purposes of preparing the financial statements.

Overview

Economic & Financial Results

Financial highlights
Mobility demand in the period
IQ 2023 consolidated results

Outlook

Appendix

FNM Group| IQ 2023 Financial Highlights

	REVENUES
	+5.2%
136.6	+8.9%	143.7
Like-for-like1

IQ 2022		IQ 2023

ADJ. EBITDA

	+5.0%
44.4	+8.9%	46.6

	Like-for-like1
32.5%		32.4%
IQ 2022		IQ 2023

Adj. EBITDA Margin

	EBIT
	-8.6%
23.2	21.2

IQ 2022	IQ 2023

ADJ. NET RESULT

	+2.6%
15.5	15.9
IQ 2022	IQ 2023

GROUP NET RESULT

	+240%
	10.2
3.0
IQ 2022	IQ 2023

ADJ. NFP

	-2.1%
766.9	750.9
31 Dec. 2022	31 Mar. 2023

1 - Excluding the effects of the sale of La Linea/Martini Bus and car sharing public contribution in IQ2022 (see slide 25 for details)	4

FNM Group | Mobility demand in the period

Recovery of demand across all segments: Motorways in line with 2019, but LPT still below pre-pandemic levels

Bus transport

		-14.3%
20.3					17.4
1.4			13.9
	13.7	10.6		1.1
	0.8	1.0
18.9		0.3		+25.2%	16.3
12.9		12.9
	10.3


IQ 2019	IQ 2020	IQ 2021	IQ 2022		IQ 2023
		FNMA	ATV		(mln passengers)

		Trenord
		-18.3%
57.5
	40.3				47.0
		32.7

		21.8		+43.7%

IQ 2019

IQ 2020

IQ 2021

IQ 2022

IQ 2023

(mln passengers)

		MISE
		-1.1%
704.8			634.4	697.2
	538.6
	469.4		+9.9%

560.3	407.9		484.1	546.4
	328.9


144.5	130.7	140.5	150.3	150.8
IQ 2019	IQ 2020	IQ 2021	IQ 2022	IQ 2023
		Light vehicles	Heavy vehicles	(mln vehicles-km)

		APL
		+13.0%
65.7			67.1	74.2

	53.4	47.8		+10.6%

53.0			52.8	59.7
42.0	35.8

12.7	11.4	12.0	14.2	14.5
IQ 2019	IQ 2020	IQ 2021	IQ 2022	IQ 2023

Light vehicles		Heavy vehicles	(mln vehicles-km)

Attachments

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Disclaimer

FNM S.p.A. published this content on 12 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2023 10:56:08 UTC.

Latest news about FNM S.p.A.

Futures bullish; new economic data expected	Apr. 02	AN
Mib below parity; strength on Saipem and Cucinelli	Mar. 28	AN
Mib pegs 33,900 points; Azimut dictates pace	Mar. 13	AN
Mib rises to 33,800; MPS at new annual high	Mar. 13	AN
FNM increases profit in 2023 and confirms dividend	Mar. 13	AN
FNM S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 11	CI
Futures await lists in red	Feb. 27	AN
Europeans down; Sogefi flies in Piazza Affari.	Feb. 26	AN
Europeans down; Sogefi rises 33% post accounts	Feb. 26	AN
Piazza Affari down; Leonardo tops the Mib	Feb. 26	AN
FNM finalizes closing acquisition of 80 percent of Viridis Energia	Feb. 23	AN
FNM S.p.A. completed the acquisition of 80% stake in Viridis Energia Srl from LA.GI. Energia 2008 S.r.l. and Hnf S.P.A. for ?80 million.	Feb. 22	CI
Futures little moved; EUR900 million Enel bond	Feb. 21	AN
Mib rises above 31,700; DiaSorin takes top spot	Feb. 20	AN
Indices reverse course, Unipol does well on Mib.	Feb. 20	AN
Italy's FNM Signs Deal to Buy Majority Stake in Viridis Energia for EUR80 Million	Feb. 20	MT
Piazza Affari in the red; Iveco trailing the Mib.	Feb. 20	AN
FNM, signed contract to acquire 80% in Viridis Energia	Feb. 20	AN
Futures bullish; focus remains on Davos	Jan. 18	AN
Stock markets down as dollar rises; luxury goods hurt	Jan. 17	AN
Futures in the red; selling on U.S. and Asian	Jan. 17	AN
Mib above par; ECB cautious about rates	Jan. 16	AN
Indices down; Italian inflation at 5.7 percent in 2023	Jan. 16	AN
Stock markets in the red in Europe; Mib above 30,100 threshold	Jan. 16	AN
FNM enters renewable energy generation sector	Jan. 15	AN

Chart FNM S.p.A.

Duration

Period

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Company Profile

FNM SpA is an Italy-based holding company primarily engaged in the provision of railway transport services. The Company structures its business into three main sectors: Holding, Railway Infrastructure Management and Road Passenger Transport. The Holding sector includes the provision of accounting services; personnel administration; support to the project development; business and legal advice; purchases, tenders and contracts management; human resources management, and communication services, among others. In the Railway Infrastructure Management sector, the Company is active in the management, maintenance and construction of facilities for railway passenger transport in the region of Lombardy, Italy. In the Road Passenger Transport sector, it provides public transport bus services in the provinces of Varese, Como and Brescia, in Italy.

Sector

Passenger Transportation, Ground & Sea

Calendar

2024-05-13 - Q1 2024 Earnings Release

More about the company

Income Statement Evolution

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Ratings for FNM S.p.A.

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

0.468 EUR

Average target price

0.65 EUR

Spread / Average Target

+38.89%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

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