The RATP Board of Directors, meeting on 4 March 2022, under the presidency of Catherine Guillouard, the Company’s President and Chief Executive Officer, examined and approved the consolidated financial statements of RATP Group and the financial statements of the state-owned industrial and commercial enterprise (EPIC) for the year ended on 31 December 2021.
Key takeaways from the year
- A gradual recovery in passenger traffic in the Île-de-France (Greater Paris) region (up 24%), in line with the improving public health situation. Nevertheless, traffic remains 29% below its pre-pandemic level from 2019.
- A clear rebound in activity with €5.854 billion in consolidated revenue, up 6% compared to 2020, driven by the recovery in traffic and the strong commercial momentum of the subsidiaries. The context of the pandemic continued to curb business, with a negative impact of €239 million. Revenue is back to a level close to that of 2019, when it reached €5.89 billion (excluding the impact of strikes).
- The pandemic continued to negatively affect the Group’s results (down €157 million), but this is gradually easing with:
- An operating profit (EBIT) of €332 million, up €99 million from 2020
- A positive net income (Group share) of €207 million, compared to a net loss of €134 million in 2020
- A new all-time investment record will be broken in 2021, with €2.364 billion invested in the Île-de-France region with the support of Île-de-France Mobilités, up 8% from 2020, and €2.708 billion in consolidated investments for the RATP Group, up 18% compared to 2020.
- Net debt of €5.694 billion, a controlled increase of €150 million compared to 2020, due to significant investments made in Italy in connection with the start-up of the Tuscany bus operating contract. Gearing (the ratio of net debt to equity) had nonetheless improved to 1.14x from 1.20x at the end of 2020.