A year that saw significant growth in activity and investment against a challenging economic backdrop
Highlights of the 2023 financial year
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Steady growth in turnover (+7.2%, amounting to +8% excluding currency effects), reaching €6.512 billion, boosted by the increasing transport offering on both the bus and metro networks across the Île-de-France region, the development of the RATP Dev subsidiary in France and abroad, notably in the United States and the Middle East, and the indexation on inflation for the contracts signed with concerned transport authorities.
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RATP Epic income reached €132 million, a €74 million decrease that still amounted to a net positive of €18 million (€9 million according to French standards). Although the contact signed with Île-de-France Mobilités in December covered applied salary raises, the surge in energy prices caused a loss of €135 million on the 2023 EBIT. Improvements to the transport offering and sustained productivity efforts have aided in softening the blow of this external impact.
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Operating income coming from the subsidiaries was stable at -€26 million compared to 2022, excluding technical effects and the impact of fluctuations in exchange rates. The continued adverse effect of inflation and operating issues in London have impacted RATP Dev’s London bus business, which in turn affected the subsidiaries' net income (-€127 million). The withdrawal process from this business, which began at the end of 2022, is ongoing.