Lineas’ strategic transformation continues: a financial turnaround in a challenging market

Since we started our transformation plan in 2022, we have made significant progress and reduced our losses from EUR 82 million in 2022 to EUR 40.3 million in 2023. The first half of 2024 has continued this positive trend: losses were further reduced to just EUR 5.1 million (which is a EUR 17.3 million improvement compared to the same period last year). These results are better than those of our competitors and show that our strategy, which is centered around your needs, is working. This is also clearly reflected in our weekly customer mood, which has improved from 2.9 out of 5 in 2022 to a steady 3.5 today, with peaks reaching 4 out of 5.

Financial support and restoring confidence

Our shareholders and financial partners believe in us, and their support strengthens our ability to serve you. Since May 2023, Argos Wityu and SFPIM have reinvested EUR 50 million and converted EUR 34 million of debt into equity, leaving Lineas free from bank and shareholder debt. This financial independence gives us a strong foundation for future growth and allows us to invest more in innovation, service improvements, and other areas that directly benefit you.

In addition, we have secured EUR 46.25 million in financing from KBC, Belfius, PMV (Participatiemaatschappij Vlaanderen) and WE (Wallonie Entreprendre). This support underscores our strategic importance and reflects the broader belief that Lineas is on the right path and is a vital player in the European rail freight sector.

Strategic importance and future outlook

As we continue to operate in a market that is still largely dominated by State-owned entities, which will require some restructuring in the future, our financial and operational transformation achievements put us in a unique position, ahead of the game, to offer you unmatched value in the future. We are on track to narrow our break-even point in 2024 and achieve profitability by 2025. This will allow us to invest even more in the services and solutions that matter most to you.

As a conclusion: our transformation isn't just about improving finances - it's about ensuring that we continue to be a reliable, innovative, and valuable partner for you. We want to thank you for your trust and partnership as we go through this journey. Your continued support motivates us to keep improving, and we look forward to providing even greater value to your business in the years to come.