VR-Group Plc changed its financial reporting structure and provides the comparative segment information for 2022
VR-Group Plc, Stock Exchange Release 25 April 2023 at 12:00
VR-Group Plc changed its financial reporting structure and provides the comparative segment information for 2022
VR Group's segment reporting changed as of 1 January 2023, and the Group has restated the comparative figures for its segment reporting for 2022.
From 1 January onwards, VR Group’s reporting segments are VR Long-distance Traffic, VR City Traffic, VR Transpoint and Other operations.
VR Long-distance Traffic provides long-distance train journeys in Finland and offers restaurant and café services on trains and at railway stations.
VR City Traffic includes commuter train, tram and bus transport services in Finland and Sweden.
VR Transpoint offers rail and road logistics services. The services include railway and road transports and customized logistics chains with additional services.
Other operations include VR FleetCare´s sales to external clients, property management and other group operations which are not allocated to business segments.
The comparative figures have been restated according to the new reporting structure and are presented in the tables below under the heading ‘Restated’.
Restated
|
VR Long-distance Traffic |
1-3/2022 |
4-6/2022 |
7-9/2022 |
10-12/2022 |
1-12/2022 |
|
Net sales, M€ |
61.9 |
91.1 |
101.4 |
98.1 |
352.4 |
|
Comparable gross profit (EBITDA), M€ |
6.2 |
32.3 |
39.9 |
32.8 |
111.1 |
|
% of net sales |
10.0 |
35.4 |
39.3 |
33.4 |
31.5 |
|
Comparable operating result (EBIT), M€ |
-9.2 |
16.7 |
24.7 |
14.2 |
46.5 |
|
% of net sales |
-14.9 |
18.4 |
24.4 |
14.5 |
13.2 |
|
Operating result (EBIT), M€ |
-9.2 |
-28.7 |
24.7 |
16.8 |
3.6 |
|
% of net sales |
-14.9 |
-31.5 |
24.4 |
17.1 |
1.0 |
|
|
|
|
|
|
|
|
Capital employed at the end of the accounting period, M€ |
815.6 |
759.5 |
743.0 |
736.1 |
736.1 |
|
Return on capital employed (ROCE), % |
-4.5 |
8.5 |
13.1 |
7.7 |
6.1 |
|
Investments, M€ |
10.4 |
11.9 |
7.4 |
13.1 |
42.8 |
|
|
|
|
|
|
|
|
Personnel at the end of the accounting period |
1 491 |
1 558 |
1 556 |
1 575 |
1 575 |
|
VR City Traffic |
1-3/2022 |
4-6/2022 |
7-9/2022 |
10-12/2022 |
1-12/2022 |
|
Net sales, M€ |
47.8 |
50.9 |
132.6 |
127.2 |
358.5 |
|
Comparable gross profit (EBITDA), M€ |
-0.8 |
0.0 |
12.8 |
5.6 |
17.7 |
|
% of net sales |
-1.6 |
0.1 |
9.7 |
4.4 |
4.9 |
|
Comparable operating result (EBIT), M€ |
-6.8 |
-6.1 |
-3.7 |
-9.6 |
-26.2 |
|
% of net sales |
-14.3 |
-11.9 |
-2.8 |
-7.5 |
-7.3 |
|
Operating result (EBIT), M€ |
-6.8 |
-6.1 |
-3.7 |
-25.5 |
-42.1 |
|
% of net sales |
-14.3 |
-11.9 |
-2.8 |
-20.0 |
-11.7 |
|
|
|
|
|
|
|
|
Capital employed at the end of the accounting period, M€ |
273.2 |
277.3 |
402.2 |
391.7 |
391.7 |
|
Return on capital employed (ROCE), % |
-2.8 |
-2.5 |
-1.3 |
-8.2 |
-13.6 |
|
Investments, M€ |
2.1 |
12.7 |
20.9 |
60.0 |
95.7 |
|
|
|
|
|
|
|
|
Personnel at the end of the accounting period |
1 916 |
2 056 |
4 560 |
4 060 |
4 060 |
|
VR Transpoint |
1-3/2022 |
4-6/2022 |
7-9/2022 |
10-12/2022 |
1-12/2022 |
|
Net sales, M€ |
90.6 |
96.1 |
99.5 |
100.0 |
386.2 |
|
Comparable gross profit (EBITDA), M€ |
6.4 |
10.5 |
14.8 |
10.3 |
42.0 |
|
% of net sales |
7.1 |
10.9 |
14.9 |
10.3 |
10.9 |
|
Comparable operating result (EBIT), M€ |
-4.4 |
-0.7 |
3.2 |
-1.2 |
-3.0 |
|
% of net sales |
-4.8 |
-0.7 |
3.3 |
-1.2 |
-0.8 |
|
Operating result (EBIT), M€ |
-4.4 |
-0.7 |
3.2 |
-4.1 |
-5.9 |
|
% of net sales |
-4.8 |
-0.7 |
3.3 |
-4.1 |
-1.5 |
|
|
|
|
|
|
|
|
Capital employed at the end of the accounting period, M€ |
461.9 |
511.3 |
511.6 |
494.0 |
494.0 |
|
Comprable return on capital employed (ROCE), % |
-1.5 |
3.0 |
1.9 |
-4.3 |
-0.9 |
|
Investments, M€ |
12.7 |
15.6 |
17.1 |
15.3 |
60.7 |
|
|
|
|
|
|
|
|
Personnel at the end of the accounting period |
1 939 |
1 930 |
1 908 |
1 923 |
1 923 |
|
Other operations and eliminations |
1-3/2022 |
4-6/2022 |
7-9/2022 |
10-12/2022 |
1-12/2022 |
|
Net sales, M€ |
1.9 |
2.5 |
3.3 |
2.3 |
10.0 |
|
Comparable gross profit (EBITDA), M€ |
-1.2 |
-1.2 |
4.4 |
-3.6 |
-1.6 |
|
% of net sales |
-63.6 |
-46.6 |
132.5 |
-155.6 |
-16.0 |
|
Comparable operating result (EBIT), M€ |
-4.5 |
-4.6 |
1.1 |
-3.4 |
-11.4 |
|
% of net sales |
-238.8 |
-181.3 |
32.7 |
-145.7 |
-113.6 |
|
Operating result (EBIT), M€ |
-4.5 |
-4.5 |
2.0 |
-7.1 |
-14.1 |
|
% of net sales |
-239.1 |
-177.4 |
62.2 |
-309.4 |
-140.7 |
|
Investments, M€ |
4.9 |
4.4 |
3.9 |
7.3 |
20.6 |
|
|
|
|
|
|
|
|
Personnel at the end of the accounting period |
278 |
303 |
282 |
264 |
264 |
Reporting of the number of personnel has been updated. Reported number of personnel is the average number of personnel of the last month of the reporting period and not the average number of personnel of the entire reporting period as before.
VR-Group Plc
Further information:
VR Group media desk, tel. +358 29 434 7123
About VR-Yhtymä Oyj
We are a responsible service company in the fields of travel, logistics and maintenance and a forerunner in creating the future of mobility in Finland and in the neighbouring markets of the Nordic countries. We take care of smooth daily travel and transport, with experience gained over 160 years. While keeping society moving, we are increasing the popularity of electronic rail and urban transport. In this way, we increase well-being and transport you towards a carbon-neutral tomorrow.
Our company is owned by the State of Finland. In 2021, our net sales were EUR 838.3 million and we employed over 5,620 top professionals. On board our trains and buses, 83.9 million journeys were made, and we transported 42.7 million metric tonnes of goods. In addition, we expanded our operations to Sweden on 1 July 2022. Our subsidiary VR Sverige’s net sales are over EUR 300 million and the number of journeys made is about 110 million each year. At the same time, we welcomed 3,200 new colleagues.
We are actively seeking growth and we aim for the top in all of our operations. The better we succeed, the more society around us benefits – we are getting there together for a better world. Further information: https://www.vrgroup.fi/en
