Leo Express Reports Financial Breakthrough in 2024

Leo Express ended 2024 with doubled revenue and significant profit growth by actively expanding infrastructure and modernizing its train fleet. This is reported by the railway transport news portal Railway Supply.

Leo Express Increases Revenue and Passenger Numbers

Leo Express earned €40.4 million in 2024 — a sharp rise from €16 million in 2023. Net profit reached €1.7 million, up from just €165,000 the previous year, while EBITDAR climbed to €13.1 million.

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The company transported 3.8 million passengers, adding over 2 million compared to 2023. Its trains covered 4.6 million kilometers, with an average delay of just 0.03 minutes per train-kilometer — a sign of operational precision.

Notably, Leo Express achieved this growth without taking bank loans. This highlights strong financial management and business resilience.

Leo Express Invests in Modern Technology and Upgrades

In 2024, Leo Express allocated €5 million to equip its trains on routes from Prague to Warsaw — and further into Poland and Slovakia — with the European Train Control System (ETCS), enhancing operational safety.

The operator also upgraded onboard connectivity, improving mobile signal reception including 5G, to enhance travel comfort. Additionally, a €16 million investment was launched to equip FLIRT electric trains with dual-system traction equipment.

This project is funded by the Czech Ministry of Transport with partial support from the European Union, emphasizing its strategic importance for regional mobility.

Such investments strengthen Leo Express’s presence in Central Europe and prepare the company for future route expansion and digital transformation.

FAQ

What is Leo Express and where does it operate?

Leo Express is a Czech private rail operator serving routes in the Czech Republic, Poland, Slovakia, and Ukraine.

Was 2024 a record year for Leo Express?

Yes, Leo Express doubled its revenue and increased net profit tenfold in 2024.

How does Leo Express improve train safety?

The company installed ETCS safety systems and upgraded rolling stock to meet EU operational standards.

Which routes does Leo Express operate?

Leo Express runs trains on routes such as Prague – Warsaw, with connections to major cities in Poland, Slovakia, and Ukraine.

How can I book a ticket with Leo Express?

Tickets can be purchased online via the official website or through the Leo Express mobile app.

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