Austria’s Asfinag sees 2023 net profit fall

The Austrian road operator also expects a tumble in profit for 2024.
Highway & Network Management / May 13, 2024 1 minute Read
By David Arminas
Austria’s vignette - the toll sticker to be affixed to the windscreen of the car in order to travel on the motorway (image © Massimo Parisi/Dreamstime)

Asfinag, the Austrian state-owned road operator, has seen net profit 2023 year end fall from €851million in 2022 to €844 million.

The company said it expects full-year 2024 profit to further decrease by €100 million as the toll rise will no longer apply during the year.

In 2023 the company generated toll revenues of €2.5 billion, up by 2.3% on year. One-third of the toll revenue was generated by passenger cars, while heavy goods vehicles and buses accounted for two-thirds. Toll revenues for vehicles with the weight of up to 3.5tonnes grew by 6% to €812 million.

During the year, the company stabilised its debt at €10.4 billion compared to nearly €10.5 billion in 2022.

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