The 2022-2031 Business Plan aims to ensure that infrastructure works are completed on schedule; prioritizes multimodal collective transport over private transport; rail freight is doubled compared to 2019; rail and road infrastructure is made more sustainable, accessible, effectively integrated, and resilient, expanding the network to reduce the gap between the country’s north and south; and the group's level of energy autonomy through renewable sources is increased.
The long-term strategic and industrial vision also envisages a redefinition of governance and a new organizational structure. The structure will be revised into four business hubs – Infrastructure, Passengers, Logistics and Urban – each with their own clear strategic objectives.
The new organization aims to strengthen the synergies of all the companies operating in the group and to increase their efficiency, also in terms of planning and design.
The international landscape and the geopolitical tensions behind rising inflation, the effects of the pandemic and those of climate change on infrastructure, all combined with an awareness of the role that transport, logistics and infrastructure can play in the sustainable development of the country, have also contributed to shaping the new corporate reorganization, FS Italiane noted.
In the 2022-2031 Business Plan, particular attention is paid to the ecological transition, with activities to improve efficiency and reduce consumption combined with new initiatives to leverage assets by installing plants to produce electricity from renewable sources, to ensure that at least 40% of the group's needs are covered.
“The goal of the 2022-2031 Business Plan is to accelerate investments and provide more certainty that works will be completed on schedule, thanks to a long-term vision,” explained Luigi Ferraris, CEO of FS Italiane. “We are working to make our infrastructure more modern, interconnected, and resilient, and our mobility services tailored to the different needs of our customers.
“We intend to promote a multimodal, collective transport that is more sustainable even in urban areas, double the share of freight transport by rail, and contribute to the ecological transition not only by making the use of rail – the most environmentally friendly means of transport par excellence – more attractive, but also by self-producing at least 40% of our substantial energy needs from renewable sources,” he added.
FS Group revenues in 2031 are expected to grow to around €22.5bn and EBITDA to €3.9bn, with an average annual growth rate (CAGR) over the plan period of 6.9% and 8.2%, respectively.