Stable overall results and positive contributions to profit from all the subsidiaries characterize the ÖBB balance sheet for 2019. In spite of economic strains in the freight transport industry, the Rail Cargo Group was one of the few railway undertakings in Europe that was able to bring 2019 to a successful close. Freight transport had already been dealing with an economic slowdown before the corona crisis struck. This resulted in earnings before tax (EBT) of 5.1 million Euros below the previous year’s figures.
“The situation in freight transport is a challenging one for all of Europe’s railways right now. Nonetheless, the RCG is one of the few railway undertakings in Europe that generated positive financial results in 2019. Having said that, in the future it will be necessary to implement transport policy measures as a sustainable way to safeguard rail freight transport and bring rail and road closer to becoming a level playing field,” summarizes ÖBB CEO Andreas Matthä.
You can find all information about the 2019 ÖBB balance sheet at: presse.oebb.at