Abellio is a fully-owned subsidiary of NS and operates in the passenger transport markets in the United Kingdom (UK) and Germany. Abellio generated an EBIT of € 55 million and a net profit attributable to NS of € 4 million. In the UK the operation is profitable, however the circumstances remain challenging. The German market has deteriorated due to external factors which negatively influenced the results and in combination with the costs to mobilise new concessions resulted in a net loss for the year for the German operations.
(in € million)
Revenue (excl. Merseyrail joint venture)
Net profit attributable to NS
The consolidation of Abellio consists of Abellio UK, Abellio Germany and the Dutch entity Abellio Transport Holding B.V. The holding company realised a net gain of € 6 million which mainly results from intercompany financial result relating to its activities abroad. The intercompany financial result consists of interest income on the loans and fees on guarantees as provided by Abellio Transport Holding B.V.