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BLS a loss of 12.6 million Swiss francs

The BLS AG suffered in fiscal 2018 despite a good business a loss. The reason is the compensation is too high compensatory payments from the Federal governmen

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BLS a loss of 12.6 million Swiss francs

The BLS AG suffered in fiscal 2018 despite a good business a loss. The reason is the compensation is too high compensatory payments from the Federal government, as well as a correction of the value of the shipping, which should now be on more solid feet.

The consolidated net loss amounted to 12.6 million Swiss francs, after a profit of 15 million in the previous year, as the BLS reported on Tuesday. In mid-March, it was reported that the railway company because of a faulty interest rate smoothing model for many years to high payments for rolling stock in regional passenger transport. It comes to 29.4 million Swiss francs, which is charged to the BLS once the year 2018.

New record number of passengers

Operationally, the delivery of the BLS in all areas of the business better. Because with a total of 66.3 million people, about 2 percent more passengers traveled with the BLS, increased revenues from sold Tickets. Also in the transport of goods, higher yields were achieved. Overall, the BLS implemented with 1.12 billion francs, 7.2 percent more than in 2017.

The operating result before interest and taxes (Ebit) increased by nearly 27 percent to 33.6 million Swiss francs, as the company announced on Tuesday. However, frass under the dash, especially the reduction of the payments of these profits.

restructuring in the case of ship travel

a further burden on the result from the shipping. Where the BLS cannot Finance the high investment in their ships, berths and workshops, currently, the revenues from the operation. In the result, the BLS revised the book value of the shipping of 7 million Swiss francs to the bottom.

in Order to avoid value adjustments in the future, designing the BLS for the shipping of a new business model, wrote the company . She wants to concentrate in future mainly on the Price of shipping, in which they obtained the major part of their revenue. For this, you want to reduce the size of the fleet, the market will intensify the existing cooperation to expand and additional partnerships. Thanks to the new business model, the ship should be able to travel starting in the year 2021 from its own revenue develop.

The restructuring has the consequence that the ship travel in the future will need less. "Today we assume that the largest part will be done by natural attrition," writes the company in its media release.

SEV missing appreciation for staff

For the Union of transport personnel Association (SEV) is not a "possible deterioration" of working conditions in question, the Union announced. You will generally not accept cancellations due to austerity measures and calls on the BLS, affected employees and offer internal solutions.

In addition, the SEV-appreciation missing for the staff. The BLS was not least thanks to their staff so successful in the passenger and freight traffic on the road. (fal/sda)

Created: 16.04.2019, 09:45 PM

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