Alsa leaves losses behind and shoots its profit up to 85% in 2022


Alsa got a operating profit of 122 million euros in 2022, which contrasts with the losses of the previous year, which represents a 85% growth. This time, with the end of the period of restrictions of the pandemic get your claim backthanks to being able to increase the number of passengers on their buses.

In fact, the company registered a record turnover figure of 1,129 million euros35.1% more than the previous year and leaves losses behind as reported by National Express, the British company that owns the Spanish transport company.

In 2019, just before the outbreak of the health crisis caused by Covid-19, its income was 940.6 million euros, so in 2022 the company completely abandoned the impact of the pandemic and began to pick up its income. .

The company plans to increase its services

On long-haul routes, revenue grew 76% thanks to the 64% increase in the number of passengers, which favored an increase in ticket sales, while regional and urban routes boosted billing by 22% and 23%. , respectively.

The company also benefited from the new operations assumed in Portugal, Valencia, Alicante, Murcia and Santander through new contracts worth 192 million euros throughout the entire contracted period.

On the other hand, the Alsa brand also operates in Morocco, where revenues grew by 26% compared to the previous year, and it entered the medical transport sector with the acquisition of the Vitalia company last June.

The negative side was reflected in the net result, which registered losses of 200 million euros, due to the entry of an impairment of goodwill of 232 million euros linked to the increase in interest rates applied to the flow projections of future cash. However, it is a technical-accounting issue, therefore these flows are not affected and therefore does not interfere with Alsa’s operating and financial performance.

Looking ahead to 2023, the company plans to start the Porto metropolitan services in Portugal, the Geneva urban lines contract in Switzerland and the operation of long-distance services in Saudi Arabia, while the United Arab Emirates has been a finalist in the tender for Dubai transport management.

Leave A Reply

Your email address will not be published.