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May 29, 2015 11:42 AM ET

Road and Rail

Company Overview of Société Nationale des Chemins de fer Français

Company Overview

Société Nationale des Chemins de fer Français provides passenger and freight transportation services in France and internationally. It operates through five divisions: SNCF Infra, SNCF Proximités, SNCF Voyages, SNCF Logistics, and Gares & Connexions. The SNCF Infra division manages infrastructure, including network maintenance, projects, and operation for Réseau Ferré de France; and engineers rail infrastructure research and design. The SNCF Proximités division provides various local transport services, such as medium distance links, rail transport regulated services, city and intercity services, and bus, tramway, and subway services, as well as complementary services relating to passenger t...

34, rue du Commandant René Mouchotte

Paris,  75014

France

Founded in 1937

245,763 Employees

Key Executives for Société Nationale des Chemins de fer Français

Chairman and Chief Executive Officer
Age: 56
Chief Financial Officer
Age: 49
Chief Executive Officer of SNCF Infra Division
Chairman of Sncf Participations and Chief Executive Officer of Sncf Participations
Chief Executive Officer of SNCF Geodis
Age: 51
Compensation as of Fiscal Year 2014.

Société Nationale des Chemins de fer Français Key Developments

SNCF Mobilites Group Reports Earnings Results for the Year Ended December 31, 2014

SNCF Mobilites Group reported earnings results for the year ended December 31, 2014. For the year, the company has reported that net profit attributable to equity holders of the parent for the year ended December 31, 2014 was EUR 605 million, compared to a net loss attributable to equity holders of the parent of EUR 180 million for the year ended December 31, 2013. Revenue for the year ended December 31, 2014 was EUR 27.24 billion, compared to EUR 27.03 billion for the year ended December 31, 2013. Operating profit for the year ended December 31, 2014 was EUR 1.04 billion, compared to an operating loss of EUR 533 million for the year ended December 31, 2013.

SNCF Plans to Invest About EUR 1 Billion in 5 Years to Renovate the Ageing RER C Line

SNCF planed to invest about EUR 1 billion (USD 1.158 billion) in five years to renovate the ageing RER C line. The Ile-de-France region's transport should be improved in 2015. The RER line C's infrastructure is too old and needs renovation and upgrade. Moreover, traffic on the line was further disturbed by the fire that flared up at a signal box in Vitry-sur-Seine last July and is expected to return to normal in 2017 at the earliest. A total of EUR 900 million were invested in modernizing the region's network in 2014, compared with EUR 600 million in 2013. Two large-scale projects have been planned for 2015 including extension of the RER Eole to the west, and the CDG Express line between Paris and the Charles de Gaulle airport.

SNCF Plans to Cut over 1,000 Jobs

SNCF announced that it plans to cut more than 1,000 jobs according to its 2015 budget. The company's operating unit SNCF Mobilites stands to lose around 1,600 posts in 2015, according to the budget, while the rail infrastructure management unit SNCF Reseau will gain 500 jobs. The net loss of 1,100 jobs is about 0.7% of the company's nearly 149,000 staff.

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