RATP’s ‘very sound’ results
French transport giant, RATP Group, has described its operating record and financial results for the half year ending 30 June 2013 as ‘very sound’. Group revenue amounted to £2,219.5m/EUROS2,619m, up 4.1% compared to the same period in 2012. Its net results rose 27.5% over the last six months to £161m/EUROS190m.
RATP’s subsidiary, RATP Dev, continues to grow. Among the operations it owns in the UK are HR Richmond (Epsom Coaches and Quality Line), London United, Metrolink (Manchester’s trams) and Selwyns Travel. It achieved particularly strong growth in France during the period. It was over the last half year that it acquired Selwyns Travel and during the same period it made three extensions to the Manchester tram network.
In the second half of the year, RATP Group plans to continue to implement its investment policy to modernise and develop current networks for the direct benefit for passengers. It expects to carry on expanding in trams, both in Paris and internationally with the Shengyang tramway in China.
RATP President and Chief Executive, Pierre Mongin, said, ‘These impressive half yearly results should encourage all our employees who work hard every day to facilitate the daily mobility of millions of people in the Paris region. They also stand as testimony to our unique know how, which we are increasingly exporting globally. RATP aims to continue its progress thanks to the involvement of all its staff members and constructive labour dialogue.’