In 2023, Comboios de Portugal (CP), the national passenger transport operator of Portugal, demonstrated sustainable growth, achieving a net profit of 3.6 million euros, this is reported by the railway transport news portal Railway Supply.

Portuguese passenger rail operator CP
Photo: Comboios de Portugal

This marked the second consecutive year that CP has maintained a positive financial position, despite economic and operational challenges.

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A significant achievement was the notable increase in the number of passengers transported, which rose by 17% compared to the previous year, reaching 173.3 million people.

This growth showcases public trust in CP’s service quality and the effectiveness of the company’s development strategy.

One of the key initiatives was the reopening of production facilities that had long been closed, as well as the restoration of rolling stock.

The introduction of additional high-speed trains, Alfa Pendular, led to a 36% increase in transport volume in the first four months of 2024 compared to the same period the previous year.

Economic efficiency was strengthened with the introduction of a national fixed-price travel pass for all regional trains in the country, further boosting demand for CP services.

CP Portugal Digital Awards honored the Digital Traction Environment project, emphasizing the importance of digital transformation in Portugal’s railway sector.

The company also achieved a prestigious 42nd place among Portugal’s 100 most valuable brands, underscoring its reputation as a key player in the national market.

In conclusion, CP’s successes in 2023 demonstrate the strategic and operational effectiveness of the company, contributing to market position strengthening and customer satisfaction.

Photo: Comboios de Portugal

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