RATP revenue up . . .

Revenue for French transport giant, RATP, rose 3.3% to €2,674m compared to June 2013, according to its figures. Group net results increased by 4.8% to €198m and its cash flow was at a record high of €527m, up 8%. Its RATP Dev subsidiary took over London Sovereign, with 12 services and 140 buses. The acquisition means RATP Dev now has over 1,000 buses running in Britain. In the UK, it also owns Yellow Buses, the Bath Bus Company, Epsom Coaches and Selwyns Travel.

RATP President and Chief Executive, Pierre Mongin, said, ‘The Group has continued to grow, for example in the USA with the launch of the Tucson tramway and a new sightseeing bus service in New York City, and in India with the commissioning of Mumbai’s first metro line. Thanks to the confidence shown by its public shareholder, RATP intends to continue its drive to achieve all of the objectives in its “Vision 2020” plan and in particular: to continue to work to improve day-to-day service for Paris region passengers; serve as a major contributor to the Grand Paris project and continue to expand internationally. We aim to achieve these goals given the committed involvement and very high professionalism of our staff members and to constructive labour dialogue.’

. . . and new bids development division

RATP Dev, a subsidiary of RATP Group, is modifying its organisation to enhance its ability to plan ahead and prepare for development opportunities. The Development division will be split into two separate entities: a Strategy and Business Relations division headed by Alain Polonsky, previously Development Director; and a bids development division headed by Geraud Boursin. Both divisional directors will be members of the RATP Dev executive committee.

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