Published on 16.03.2022
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CFF » The pandemic had a strong impact last year on the results of the former federal government.
SBB was once more heavily affected by the coronavirus in 2021. Passenger volume was more than a third lower than in 2019, before the pandemic. This resulted in a deficit of 325 million francs.
The loss, which amounted to 617 million francs the previous year, has however been greatly reduced, noted yesterday in front of the media the president of the board of directors of SBB Monika Ribar. This reduction of 47.3% compared to 2020 was achieved thanks to government support, higher revenues and cost-saving measures. Subsidies have increased from 277 million to 330 million.
Due to the results negatives of 2020 and 2021, the debt of the railway company increased by 720 million francs, to reach more than 11 billion. The debt coverage rate is 13.7%, more than double the 6.5% limit set by the Confederation.
In total, the pandemic is expected to cost SBB around 3 billion francs, said CFO Franz Steiger. In order to regain control of its financial situation, the former federal government is feeding “ambitious” savings plans: it wants to spend 6 billion francs less by 2030. ATS
