The financial plan of Ukrzaliznytsia for the year 2024
20.11.2023
The financial plan for 2024 of Ukrainian Railways ( “Ukrzaliznytsia”) does not include attracting funds from the state budget, this is reported by the railway transport news portal Railway Supply.
The plan aims to generate revenue of 103.2 billion UAH, with a focus on 98.6 billion UAH (€2.4 billion) from the net sales of goods, works, and services.
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The plan emphasizes stability in providing transportation services during wartime and financing necessary investments for railway infrastructure using both internal and international financial resources.
The plan also involves increasing railway workers’ salaries and expects a 5% increase in payments to state and local budgets compared to 2023.
Total expenses are budgeted at 115.8 billion UAH, with a 13% rise in production costs primarily due to increased wages and electricity tariffs.
The planned EBITDA is 11.8 billion UAH, and the EBITDA profitability index is set at 12%.
Anticipated revenues in 2024 include 80.1 billion UAH from freight transportation and 9.3 billion UAH from passenger transportation.
Despite an expected loss of 12.6 billion UAH, the company aims to compensate through a profitability plan.
Capital investments of 38 billion UAH are allocated, focusing on restoring damaged infrastructure and enhancing connections with EU countries.
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