11th March 2025
2min

Commercial and financial performance

Keolis continues its selective growth with revenue of €7.7 billion in 2024, up 9.6% compared to 2023.

The Group's recurring operating profit (EBIT) amounts to €169 million, with a margin of 2.2% of revenue.

The Group's adjusted net profit is positive for the fourth consecutive year at €13 million, slightly up from 2023 thanks to strong organic growth and continued financial discipline.

Free cash flow remains strong at €63.2 million. Net financial debt stands at €948 million at 31 December 2024, giving the Group a solid financial structure with a leverage ratio of 3x.

In its commercial activities, Keolis renewed major contracts such as Lyon and Lille, reinforcing its positions on the markets on which it is established around the world.

In France, the Group, whose business benefited from a number of contract renewals, increased its market share in Ile-de-France, notably winning the Grand Paris Express metro line 18, and the 42 Marne et Brie bus routes. Outside France, Keolis consolidated its footprint with several contract renewals such as the DLR metro network in London, and continued expansion, particularly in North America.

Non-financial performance

In 2024, Keolis actively continued to pursue its community, social and environmental responsibility actions:

  • 26% of new hires on open-ended contracts in the Group were women.

  • 52% of purchases from CSR certified suppliers in France.

  • €62 million channelled into social and solidarity economy organisations.

  • Partnerships with local non-governmental and institutional organisations (PIMMS, TAPAJ, APELS, etc.).

  • GHG emissions reduction roadmap validated by Science Based Targets initiative (SBTi): –42% by 2030.

  • Keolis Rennes, first company in the sector to obtain the most stringent CSR label: B Corp.

“In 2024, Keolis showed healthy growth driven by some fine commercial wins in France and abroad, bearing witness to our clients’ recognition of the professionalism of our teams to whom I extend my heartfelt appreciation. This selective and profitable growth is accompanied by continued financial discipline, which this year enabled the Group to make targeted strategic acquisitions.

Our attractive, innovative, and safe transport service offerings fulfil the expectations of public transport authorities and the nine million passengers we carry every day, while actively contributing to energy transition and social inclusion in the community. We have stepped up the deployment of our health, safety, and security action plans to protect employees and passengers alike.

In 2025, we will continue this momentum with ambition, as illustrated by our successful bid with the Cadence consortium, selected to operate Alto, the largest high speed rail project in the history of Canada.”

Marie-Ange Debon, Chairwoman of the Keolis Executive Board