Expenditure on repair, maintenance and construction increased by €17m, up 9%, while the cost of security and surveillance services, mainly in stations, grew by €6m, a 29.5% increase compared with the same period in 2018.
Turnover for Adif and Adif AV stood at €627.24m, €2m more than the previous year. This was almost entirely from railway access fees, with revenue from the General Interest Railway Network (RFIG) increasing by 1.98%.
However, the companies recorded a combined loss of €134.05m, down 2% compared with the same period last year.
Adif AV
Adif AV recorded an Ebitda of €144.43m following turnover of €296.86m, which was up 3%. The total fees from the high-speed lines owned and managed by Adif AV increased by 3.29%, while total train-km along the network increased by 3.6%. The biggest increase, in terms of both fees and track-km, was along the Madrid - Valladolid - León/Zamora axis.
Adif AV posted a loss of €133.05m, an improvement of €9m compared with the same period last year. The company also investment €533.43m in the first half of 2018 which is 10% more than the first half of 2018.
Adif
Adif recorded an Ebitda of negative €13.99m following turnover of €330.37m, which increased 1%. The total amount of access fees increased by 0.94%, mainly due to an increase in tariffs.
The company recorded a profit of €1m, up €6m from the €5m deficit recorded for the same period last year. It also reduced debt by €46m compared with June 30 2018. Adif has a positive working capital fund of €747m and reserves of €736m, which it says will fund the completion of its 2019 investment plan.
Investment in the first half of the year totalled €226.80m, up 44.66% compared with the same period in 2018.
