November 23, 2017 10:47 AM ET

Road and Rail

Company Overview of AS Pasazieru vilciens

Company Overview

AS Pasazieru vilciens provides public rail transportation services. The company was founded in 2001 and is based in Riga, Latvia. AS Pasazieru vilciens operates as a subsidiary of State Joint Stock Company Latvijas dzelzcels.

Turgeneva iela 14

Riga,  1050


Founded in 2001


371 67 234 009


371 67 233 049

Key Executives for AS Pasazieru vilciens

Director of Marketing Department
Compensation as of Fiscal Year 2017.

AS Pasazieru vilciens Key Developments

Pasazieru Vilciens Announces Sales and Operating Results for the First Half Year Ended June 2017

Pasazieru Vilciens announced sales and operating results for the first half year ended June 2017. For the first half period, the company’s total income from sale of train tickets was EUR 8.9 million in the first half of 2017, down by 0.5% from the same period in 2016. In January-June 2017, the company carried 8.3 million passengers, up 2.2% year-on-year. The company said the number of passengers had increased due to several measures such as improvements to the train schedule, introduction of express train routes, sale of e-tickets via mobile apps, etc.

Pasazieru Vilciens Announces Earnings and Operating Results for the First Quarter of 2017

Pasazieru Vilciens announced earnings results for the first quarter of 2017. For the quarter, the company reported EUR 15.962 million in turnover for the first quarter of 2017, which was a 2% rise against the same period last year, while its profit expanded 57.4% to EUR 268,875. Pasazieru Vilciens closed the first three months of 2016 with EUR 15.654 million in turnover and a profit of EUR 170,776. During the first quarter of 2017, Pasazieru Vilciens spent EUR 237,000 on capital investments, with EUR 226,000 of that amount spent on rolling stock repairs and EUR 11,000 invested in other fixed assets. During the first three months of 2017 Pasazieru Vilciens carrier 3.868 million train passengers, up 6.4% against the first quarter of 2016 when the company carried 3.636 people.

Pasazieru Vilcien Announces Preliminary Earnings and Operating Results for the Year 2015

Pasazieru Vilciens (Passenger Trains) announced preliminary earnings and operating results for the year 2015. The carrier generated EUR 63.288 million in turnover in 2015, and increased its profit several times to EUR 1.186 million. In 2014, the company posted EUR 62.836 million in turnover and earned a profit of EUR 16,700. The company carried a total of 16.886 million passengers as opposed to 18.935 million in 2014 but the company said these figures were incomparable because in 2014 it had carried also passengers with the public transport smart cards issued by the Riga City Council, and the methods for counting passengers were different. In 2015 Pasazieru Vilciens carried 15.637 million paying passengers against 16.052 million in 2014.

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