SNCB’s debt continues to increase

According to an internal study of the company conducted in view of the railway system reform, the consolidated debt of the Belgian railway group SNCB could amount to EUR 3.78 Billion at the end of the year and exceed EUR 4 Billion in 2013.

The largest share of the debt, of EUR 3.2 Billion, at the end of 2012, would come from the commercial activities of the group.

The report shows that irrespective of the future structure of SNCB, “the global financial balance of the railway system will need … global EBITDA profits of at least EUR 140 Million”. A serious problem is still the financial situation of the freight transport branch for which a decision must be made and fast.

 

Source: www.rtl.be

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