For the third consecutive year, Keolis continues its selective growth and reports a controlled financial performance
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.
The Group’s recurring operating profit (EBIT) amounts to €164 million, representing a margin of 2.3% of revenue.
Net profit, Group 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. The Group 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, the Group 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, the Group has developed its footprint with significant contracts in the United States and Northern Europe.
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*Excluding foreign exchange effects and changes in scope
