Abellio is a fully-owned subsidiary of NS and operates in the passenger transport markets in the United Kingdom (UK) and Germany. Abellio generated a revenue of € 3.8 billion. In 2020 the corona virus pandemic severely impacted the public transport sector both operationally and financially. The corona crisis put pressure on the profitability of various Abellio franchises.
Passenger numbers dropped which resulted in huge one-off effects relating to corona related provisions for potential Termination Sums in the UK and asset impairments in the UK and Germany, impacting the financial result. The quantum of these one-off effects is still in process with the relevant public transport bodies and is therefore based on provisional information rather than the actual outcome. This treatment is based on accounting principles for the annual report in accordance with international accounting standards (IFRS).
(in € million)
Revenue (excl. 50% Merseyrail joint venture)
Impact of additional grant to continue to provide rail services in the UK
EBIT before non-recurring items
Net profit attributable to NS
Net profit attributable to minority interests
Net result for the period
The consolidation of Abellio consists of Abellio UK, Abellio Germany and the Dutch entity Abellio Transport Holding B.V.