Significant Drop in AS Finag's Profits Reported for the Year 2024
A Shift in Asfinag's Profits: A 110 Million Euro Dip, Leaving a Balance of 734 Million Euro. The Decline in Heavy Vehicles Traffic Due to Economic Woes. Expansion of Workforce by 235 Employees This Year.
In 2024, state-owned motorway holding company Asfinag recorded a decrease in profits, standing at 734 million euros, down from 844 million euros in the previous year. The decline was anticipated due to the suspension of toll increases. This year, Asfinag aims to bolster its workforce by 235 individuals, as announced by Asfinag's finance director, Herbert Kasser, during a press conference on Tuesday.
Employing the Troops
Heavy traffic, encompassing vehicles over 3.5 tonnes, continues to dwindle. Maut revenues saw a 1.4 percent decline to approximately 1.66 billion euros, representing the majority of the income. "This is merely a reflection of the economic situation," Kasser clarified. Despite the dip, overall maut revenues increased marginally by 0.4 percent to around 2.5 billion euros. A 4 percent spike in car maut revenues coupled with a 6.1 percent surge in vignette revenues (609 million euros) contributed to a positive overall development. However, Kasser expressed ongoing concerns about heavy traffic. Asfinag has plans to boost its workforce by 235,growing the workforce to 3,510 employees.
Investing in the Future
By 2030, Asfinag aims to invest 656 million euros in noise protection and an additional 233 million euros in water protection facilities. Also by 2030, the charging infrastructure for electric vehicles will see a gradual expansion across the motorways and expressways. This move allows both cars and trucks to recharge more frequently along Austria’s major roadways. The objective is to have a charging station every 25 kilometers on the high-speed road network within five years.
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The Asfinag network in Austria encompasses 5,874 bridges, 414 tunnels, and 2,275 kilometers of roadway.
Asfinag's plans cater to targeted expansions and investments in key areas, namely infrastructure, the workforce, as well as the proliferation of electric vehicle charging stations. While specific workforce expansion and broader infrastructure investment details remain unspecified in available sources, the company continues to focus on maintaining and improving Austria's motorways and expressways network as part of its core mission. Moreover, Asfinag has a clearly defined ambition to progressively expand electric vehicle charging infrastructure, with the goal of installing around 1,500 charging stations across their motorway and expressway network by 2030. This aims to provide improved accessibility to charging points for electric cars and trucks along Austria’s major roadways.
- The decline in heavy vehicle traffic, a significant source of Asfinag's revenue, is reflective of the current economic situation, as stated by Asfinag's finance director, Herbert Kasser.
- In an attempt to bolster its capabilities, Asfinag has announced plans to increase its workforce by 235 employees this year.
- Asfinag is looking towards the future with ambitious plans, including a 656 million euro investment in noise protection and 233 million euros in water protection facilities by 2030, as well as the progressive expansion of electric vehicle charging stations along Austria’s motorways and expressways.
