Business
FNM S p A : FY 2024 consolidated results
FNM S p A : FY 2024 consolidated
About this update from Fnm S.p.a.
[{"type":"text","content":"FNM GROUP\n FY 2024 RESULTS\n 25 March 2025\n Overview of business segments\n N.B. Companies fully consolidated on a line-by-line basis in the FNM Group financial statements\n 2\n Financial Highlights - REPORTED1excl. M&ARevenues | €mln\n 618.1\n +5.3%\n +0.8%\n 651.0\n 2023\n 2024-2.2%Adj. EBITDA | €mln\n +4.3%\n 211.434.2%\n 33.9%2023= EBITDA Margin1 - Including the effects of the consolidation of Viridis and its subsidiaries from 23 February 2024, and Nordcom from 15 July 2024. Pro forma figures, including the effects of Viridis and Nordcom results fully consolidated as if the company had been acquired since January 1, 2023, are provided on slide 23.\n 220.5\n 2024\n Operating Highlights | Sustainable mobility+2.3%Motorway traffic | mln. v-km\n 3,156\n 3,2292,534\n 2,595\n 621\n 6332023\n 2024\n Light vehiclesHeavy vehicles+5.9%LPT demand | mln. pax\n 189.9\n 201.1\n -2.1%\n 69.9\n 68.4\n 2023\n 2024\n TrenordBus transport\n Operating Highlights | Renewable energy\n Consolidated financial results\n Consolidated financial results | Associates & JV\n €mln\n FY 2023\n FY 2024\n ∆€8.3 (2.9) 0.9Trenord\n 10.7 2.3\n Autostrada Pedemontana Lombarda Other2.1 5.0 20.5 (0.4)Profit (Loss) of companies consolidated at equity\n 6.4\n 13.3\n 6.9\n Net revaluation of APL following capital increase fully subscribed by Regione Lombardia\n -\n 9.8\n 9.8\n 6.4\n 23.0\n 16.73Trenord benefited from Public Service Contract renewal starting from Dec.'23 and lengthening of rolling stock leasing terms in line with PSC contractual duration (expiry in 2033)\n Starting from 2024 APL will benefit from capitalization of borrowing costs of the Senior Loan 1 following the start of works on sections B2 and C, with a consequent positive effect on the net result\n Capital gain from dilution of MISE's stake in APL from 36.66% to 25.85% due to non-subscription of the capital increase approved in\n November 2024, partially offset by impairment charges to align investment's value as per the Impairment TestConsolidated financial results | Segment results\n 1 - Considering the consolidation of Viridis from 1 January 2024. The FY 2023 was similarly pro-formed as if the consolidation of Viridis had occurred on 1 January 2023\n Segment results - MotorwaysMAIN DRIVERS\n • Tariff increase +2.3% effective from January 1st 2024, and positive traffic performance\n •...