SNCF Group revenue totalled €32.6 billion in 2011

SNCF’s group activity continued to grow last year, rising  7.2% in turnover from 2010, to €32.6b -  a 5.8% rise at constant exchange rates.

EBITDA stood at 9.3%, a significant rise from 7.1% in 2010, but still too low to cover essential investments in service quality and development. Net profit totalled €125m, reflecting the strong negative impact of €840m in asset write-downs, including €700m in TGV trains.

Driven by a sharp rise in self-financing activity...