The COVID-19 crisis has a significant impact on NS's financial performance. NS posted revenues of €6,601 million in 2020 (2019: €6,661 million). This amount includes a compensation of €2,367 million paid by the UK and German governments to keep our trains running despite the significant drop in passenger numbers due to the COVID-19 crisis.
Last year, NS invested €548 million, mainly in the procurement of new trains and upgrades of existing trains. NS posted a negative result from operating activities of -€2,443 million (2019: €287 million), with an associated net loss for 2020 of -€2,581 million (2019: €215 million). The result from operating activities includes an exceptional loss due to an impairment and a provision for onerous contracts of €2,232 million as a result of deteriorated business prospects caused by the impact of COVID-19 on the rail sector.
(in millions of euros)
Result from operating activities before impairments and provision for onerous contracts
Impairments and provision for onerous contracts
Result from operating activities after impairment and provision for onerous contracts
Net financing result
Result before income tax
Result for the reporting period
Result attributable to the shareholder