FNM closes the 9 months with revenues increasing to 456 million

FNM closes the 9 months with revenues increasing to 456

(Finance) – In the first nine months of 2023 the overall revenues of FNM they stood at 456.3 million Euros, an increase of 9.1 million Euros (+2.0%).

The Operating income is equal to 83.4 million Euros, down by 3.7 million Euros.

The overall result of financial management is equal to -8.2 million Euros compared to -4.3 million Euros in the same period of 2022, due to the higher financial costs due to the increase in interest rates and the discount rate of the motorway infrastructure renewal fund and the rolling stock cyclical maintenance fund.

The consolidated result before taxes it was positive for 75.2 million euros, a decrease compared to the 82.8 million euros of the comparative period of 2022.

Consolidated net profit adjusted for the FNM Group as of 30 September 2023, before the results of the companies valued using the equity method, goes to 56.5 million euros from the 58.3 million euros recorded in the first nine months of 2022.

In the first nine months of 2023 the FNM Group highlights a overall consolidated net profitafter the result of the companies valued with the equity method and the share attributable to minority shareholders, equal to 54.3 million Euros, an increase of 15.9 million Euros compared to the 38.4 million Euros recorded in comparative period.

There Net Financial Position overall at 30 September 2023, which includes the effects deriving from the application of IFRIC 12 for investments relating to the renewal of rolling stock, is equal to 653.8 million euros, compared to 724.6 million euros at 31 December 2022 .

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