\r\nAccording to SNCF\u2019s annual results, which were published on February 27, group revenues climbed 4.2% to \u20ac33.5bn, driven by increasing passenger numbers and freight volumes, while Ebitda rose 16% to \u20ac4.6bn.\r\nInvestment reached \u20ac8.8bn, 95% of which was in France. SNCF Network invested \u20ac5.2m and more than 1600 infrastructure projects were completed in 2017.\r\nSNCF spent more than \u20ac2.3bn on new rolling stock and stepped up investment in digitalisation to \u20ac280m. More than 12,000 new employees were appointed in France, around half of them in rail operations.\r\nRidership reflected the upward trend of the economy and the launch of new passenger offers including the expansion of the high-speed network and new Ouigo low-fares high-speed services.\r\nVoyages SNCF achieved 8.6% growth in revenue, with domestic high-speed increasing 8.7%, Eurostar 8.1%, and Thalys 12%. Revenues also increased on TER (3.6%), Transilien (3.3%) and conventional inter-city (3.7%) services.\r\nSNCF Stations & Connections reported an 11.1% rise in revenues, while Keolis saw a 5.9% increase.\r\nSNCF says it expects SNCF Mobility to continue benefitting from passenger growth in France and the rebound in international traffic this year. However, it plans to continue to focus on \u201ccommercial promotion, aggressive cost cutting, and further tight financial management,\u201d alongside its three core priorities of developing mass transit, international operations, and digital technologies.\r\nSNCF Network achieved a 1.6% increase in Ebitda, which reached \u20ac1.9bn at the end of 2017, as traffic rose and efficiency programmes took effect. Revenues increased 0.9% to \u20ac6.5bn.\r\nSNCF says the infrastructure manager is working \u201cunrelentingly\u201d to improve efficiency by combining innovation with cost controls as it aims to improve operating performance on the network and meet the obligations in its multi-annual contract with the French state.