Avoiding Russian Territory: ÖBB’s Successful Journey in Business Despite Rising Costs

In 2023, ÖBB experienced a successful year in business despite facing challenges like high energy prices, inflation, and an economic downturn. The company transported 494 million passengers by rail and buses, representing an increase of over ten percent. Long-distance rail transport saw a substantial rise from 38 million to 47 million passengers.

Despite this success, revenue for ÖBB increased by only 5.5 percent to 7.8 billion euros, with a pre-tax profit of 111.6 million euros. This was lower than the previous year due to rising costs, particularly in electricity and personnel expenses. However, the company made significant investments in infrastructure and new trains.

Punctuality remains a challenge for ÖBB, with targets set at 86 percent for long-distance transport. The company is working to improve punctuality, both in passenger and freight transport. Despite these challenges, ÖBB managed to maintain its position in the market and attract new customers, particularly in rail freight transport.

In addition to its domestic successes, ÖBB has also expanded internationally with branches in Shanghai and operations in Serbia. By focusing on complete transport solutions and avoiding Russian territory, ÖBB aims to be a market leader in freight transport across Europe and Asia. With continued investment and strategic partnerships, ÖBB is poised for further growth and success in the coming years.

CEO Andreas Matthä expressed satisfaction with the company’s performance surpassing their 2030 goal of 500 million passengers in just a few years.

Growing tourism, increased climate awareness as well as initiatives like Vienna’s comprehensive parking permit contributed to this success.

ÖBB faces challenges such as high energy prices