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Transdev reports strong growth in global 2022 results

The yearly results of global trends shows Transdev is going from strength to strength

In its annual results for 2022, global transport operator Transdev has reported strong growth in a difficult economic environment.

In an economic context marked by Europe’s energy issues and inflation, Transdev posted a net income of 20 million Euros, with its revenue growing by 10 per cent.

Transdev says 2022 confirmed the relevance of its strategic choices and marks a turning point for the Transdev Group with a strong recovery in activity, an increase in ridership in all its networks and strong commercial development, coupled with support of its clients in response to the energy crisis.

The group’s revenues grew by 10 per cent versus 2021, reaching €7.7 billion by 2022, with business outside France accounting for 65 per cent of group revenues.

In 2022, in terms of ridership, Transdev carried an average of 8.8 million passengers per day across all its networks, a strong recovery compared with 2021.

“The year 2022 was clearly a year of recovery for our group, despite an inflationary context and the energy crisis,” Transdev Group CEO and Chairman Thierry Mallet says.

“Thanks to the dynamism of our teams, we were able to win new markets, particularly in metros, where our development ambitions remain strong.

“With the acquisition of First Transit, Transdev is changing dimensions in North America, in order to take full advantage of the growth in shared mobility and to accelerate the energy transition of our networks, in response to environmental challenges.”

Alongside global wins in Ecuador and France regarding contracts, the First Transit acquisition is a major stepping stone for Transdev globally.

While its Australia/ New Zealand operations continue to excel, the North American region will be a primary focus for Transdev in 2023.

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