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FS ITALIANE, 2024 HALF-YEAR REPORT APPROVED: REVENUES AND OPERATING MARGINS GROWING, INVESTMENTS INCREASE

Operating revenues at 8 billion euros (+13% vs first half 2023)
EBITDA at 1 billion euros (+3% vs first half 2023)
EBIT at 109 million euros (+10% vs first half 2023)
Negative result for the period of 199 million euros
Technical investments for the period of 7.4 billion euros (+11% vs. first half 2023)
Net Financial Position of 13.2 billion euros (11.2 billion euros at the end of 2023)

A summary document with details of the main results achieved in the period by the Ferrovie dello Stato Italiane Group is available in the Investor Relations section of the website www.fsitaliane.it
The Manager in charge of preparing the corporate accounting documents, Marco Fossataro, declares pursuant to paragraph 2 of article 154-bis of the Consolidated Law on Finance that the accounting information contained in this document corresponds to the documentary findings, books and accounting records .

The document also contains forward-looking statements that do not constitute a guarantee of future events and results.

“The FS Italiane Group – underlined CEO Stefano Donnarumma – continues to record a growth in passenger volumes which does not linearly correspond to a growth in the company result.

This is due to various factors, such as the increase in personnel costs to support the investment plan, the failure to adjust the contribution for RFI’s maintenance costs and the contributions intended for Anas for the so-called Return Roads.

Added to these is the need to set aside a risk fund on the FSE following the recent ruling of the Council of State. The company – continued Donnarumma – is solid in terms of skills and assets, but needs a relaunch with an industrial approach to improve the levels of service and solutions to guarantee the expected levels of economic-financial balance.

The strategic plan currently being developed will go in this direction and will be presented within the year.”
Thanks also to the impulse of the PNRR, investments reach 7.4 billion euros with an increase of 11%, in particular by Rete Ferroviaria Italiana and Anas.
The Net Financial Position is equal to 13.2 billion euros compared to 11.2 billion euros at the end of 2023.
A summary document with details of the main results achieved in the period by the Ferrovie dello Stato Italiane Group is available in the Investor Relations section of the website www.fsitaliane.it

The Manager in charge of preparing the corporate accounting documents, Marco Fossataro, declares pursuant to paragraph 2 of article 154-bis of the Consolidated Law on Finance that the accounting information contained in this document corresponds to the documentary findings, books and accounting records . The document also contains forward-looking statements that do not constitute a guarantee of future events and results.

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