Thanks to a strong performance in the last three months, Rail Cargo Austria, a company of ÖBB Holding AG, achieved positive results in the 2016 financial year. In an environment marked by weak economic growth and low diesel prices, total sales rose slightly compared to fiscal year 2015 to EUR 2.079 billion.
EBIT of EUR 60.2 million was 21 percent below the comparable figure of 2015. This resulted in an EBIT margin of 2.8 percent (2015: 3.5%). These figures were announced by CEO Andreas Matthä at the press conference of ÖBB Holding AG.
Both Rail Cargo Austria and Rail Cargo Hungaria have defended their respective market leadership in their domestic markets. During the reporting period the Rail Cargo Group companies transported 63.3 million net tonnes (+ 17%) abroad and 81.6 million tonnes (-1%) in Austria. The consolidated cargo volume was 109 million tonnes after 109.2 million tonnes in 2015. Transport capacity rose from 25.1 billion net tonnes in 2015 to 26.7 billion net tonnes.
Andreas Matthä referred to internationalisation as the only way to achieve the planned growth in rail freight transport. He said that the company would support Austria’s industry with the expansion of exports and further optimise the connection to the European seaports. The Rail Cargo Group is operating in 18 countries with strategic logistics solutions, as well as in Turkey and China.
