2023 Financial results
The year 2023 was marked by the successful integration of First Transit in North America, and by sustained business development in all markets.
Revenue was up 21% over 2022, at €9.3 billion (including First Transit), with international business accounting for 70.7%.
Current operating result (COR) has almost doubled compared with 2022; it reached €169 million, (€87 million in 2022), a sign that on the economic front, the Group has been able to consolidate the post-Covid-19 upturn in business and the normalization of the effects of energy prices in its contracts.
The Group achieved a significant increase of EBITDA (+16%) and a net income of €20 million (Group part), comparable to that of 2022, despite the increase in financial expenses.
Net financial debt as of December 31, 2023, was €1.3 billion.
2023 Financial report
Download 2023 Financial report2023 Key figures
Breakdown of 2023 revenue by geographical area
The year just ended confirms that Transdev is on course for profitable and sustainable growth.
Beyond another profitable year in a complex economic context, 2023 will have been marked by our ability to respond to the two major challenges facing the public transportation sector: the attractiveness of our professions and climate change.
We are people serving people’s mobility. The attention paid to our teams in the field is essential. It is our strengths that enable us to deliver the expected service so that people can move around in complete confidence.
We do this by being resolutely committed to the decarbonization of transportation. Transdev has set itself ambitious targets for reducing greenhouse gas emissions, and has adopted an environmental strategy, Moving Green, to achieve them. As a result, in 2023, we will have achieved more than half of the reduction in these emissions that remains to be achieved over the 2018-2030 period.
Getting more people on public transportation is an ecological imperative, an economic relevance and a social necessity.
Thierry Mallet, Chairman and CEO of Transdev Group.
Our previous financial results
Statement of non-financial performance 2023
