{"id":294460,"date":"2025-10-01T19:07:44","date_gmt":"2025-10-01T09:07:44","guid":{"rendered":"https:\/\/www.railfreight.com\/?p=66323"},"modified":"2025-10-01T19:56:44","modified_gmt":"2025-10-01T09:56:44","slug":"data-of-the-week-renfe-mercancias-books-its-worst-half-year-result-to-date","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=294460","title":{"rendered":"Data of the week: Renfe Mercanc\u00edas books its worst half-year result to date"},"content":{"rendered":"

Renfe Mercanc\u00edas, Spain\u2019s national rail freight operator, has performed worse than ever in the first half of 2025. That follows from numbers published by El Economista based on an internal company report. Between the Renfe Group\u2019s branches, the freight department stands out as the problem child.<\/strong>
\n<\/span>The freight business\u2019 revenue declined by 15%, for a total of 82,2 million euros. In terms of tonnage, the company went through a 21% drop. El Economista did not specify any numbers. Renfe Mercanc\u00edas\u2019 carried a freight volume of 10,4 million tonnes throughout 2024, so a 21% semi-annual decline likely represents a loss of around a million tonnes.<\/p>\n

\"Renfe
Image: \u00a9 RailFreight.com<\/figcaption><\/figure>\n

In 2023, Renfe Mercanc\u00edas moved a total of 11,8 million tonnes of freight, meaning that the 2024 number represented a decline of 8% already. The downturn at the freight subsidiary seems to be speeding up. At their core, the business operations are simply not profitable: EBITDA for H1 2024 was negative 17,1 million euros, its worst result to date.<\/p>\n

That all has an impact on the overall performance of the Renfe group. With a net loss of 28,9 million euros, Mercanc\u00edas alone is responsible for about 35% of the company\u2019s losses. Those amounted to 81,8 million euros, 37% more than in H1 2024.<\/p>\n

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To make matters worse, Renfe Mercanc\u00edas was fined 50 million euros for distorting competition in July.<\/p>\n