“Solid” half-year results reported by RATP Group
RATP Group has reported revenue down slightly by one per cent to €2.8billion and net profits down by 36 per cent to €128million in its 2016 half-year results. RATP president and chief executive Elisabeth Borne described the results as solid, pointing to continuing high levels of investment in the Paris region of €808million: “The group’s ability to stay on course boosts its confidence in the future and the confidence it wishes to instil in its partners, local and transport authorities.
“Thanks to persistently sustained investment policy, RATP was able in the first half of the year to implement significant modernisation and network extension projects in the Paris region.”
Patronage rose in the Paris region by 2.7 per cent to more than 1.7 billion journeys in the first half of the year. Traffic on the metro network was impacted by the contraction in tourist numbers following the terrorist attacks, according to RATP.
In the first half of 2016, revenue growth for international operations under RATP Dev, excluding exchange rate effects, amounted to 6 per cent with increases in all activities except sightseeing buses, which were affected by the drop in tourism in Paris and London following the terrorist attacks and by poor weather, says the group.
RATP Dev says it is currently preparing for contract renewals at Manchester Metrolink, Casablanca (Morocco), as well as significant bids in the Middle East (Riyadh metro in Saudi Arabia, Doha metro and Lusai tramway in Qatar).