{"id":17309,"date":"2026-02-27T00:00:00","date_gmt":"2026-02-27T00:00:00","guid":{"rendered":"https:\/\/gruzingeo.com\/vr-lifts-profits-by-53-in-2025\/"},"modified":"2026-02-27T00:00:00","modified_gmt":"2026-02-27T00:00:00","slug":"vr-lifts-profits-by-53-in-2025","status":"publish","type":"post","link":"https:\/\/gruzingeo.com\/ru\/vr-lifts-profits-by-53-in-2025\/","title":{"rendered":"VR lifts profits by 53% in 2025."},"content":{"rendered":"
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The Finnish state-owned rail group VR reported a strong financial performance for full-year 2025, with comparable operating profit (EBIT) increasing by over 53% to \u20ac129.8 million, compared with \u20ac84.6 million in 2024. The comparable EBIT margin rose to 10.4% (6.5% in 2024), marking a clear improvement in operational efficiency.<\/p>\n

Total revenue declined by 3.3% to \u20ac1.25 billion, mainly due to the divestment of the road logistics business and the expiry of certain public service contracts. However, on a comparable basis excluding acquisitions and divestments, revenue grew by 0.6%, reflecting solid underlying demand.<\/p>\n

Net profit nearly doubled to \u20ac94.5 million (\u20ac48.6 million in 2024), while operating cash flow strengthened to \u20ac288.7 million, supporting continued investments and balance-sheet stability.<\/p>\n

Passenger growth drives long-distance segment<\/strong><\/p>\n

Long-distance traffic in Finland reached a record 16.1 million journeys in 2025, up 4.1% year-on-year. Revenue in the segment increased by 6.5% to \u20ac474.5 million, supported by both Finnish growth and expanded operations in Sweden.<\/p>\n

Punctuality in Finland remained high at 89.5%, and customer satisfaction improved significantly, with Net Promoter Score rising to 57 (46).<\/p>\n

\u0413\u0435\u043d\u0435\u0440\u0430\u043b\u044c\u043d\u044b\u0439 \u0434\u0438\u0440\u0435\u043a\u0442\u043e\u0440 Elisa Markula<\/strong> commented:<\/p>\n

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\u201cIn 2025, we successfully continued the execution of our strategy. Our profitability improved significantly as a result of our long-term profit improvement measures and favourable operating environment. VR\u2019s comparable operating result increased over 53%.\u201d<\/p>\n<\/blockquote>\n

She added that revenue growth in long-distance traffic and logistics helped offset the impact of expired tendered contracts.<\/p>\n

Logistics rebounds despite volatile markets<\/strong><\/p>\n

VR Logistics delivered one of the strongest improvements within the group. Comparable EBIT rose sharply to \u20ac35.4 million, compared with \u20ac3.3 million in 2024.<\/p>\n

Rail freight volumes increased by 6.8% to 24.8 million tonnes, recovering from a weak comparison year affected by strikes and severe winter conditions. Despite market uncertainty in the second half of the year, profitability improved through pricing discipline and revised contract structures.<\/p>\n

The segment\u2019s EBIT margin improved to 11.9%, highlighting stronger cost control and more stable operating conditions.<\/p>\n

City traffic stabilises, Sweden expansion continues<\/strong><\/p>\n

Revenue in VR City Traffic declined to \u20ac460 million due to contract expiries, but the comparable operating result improved to \u20ac-15.3 million (from \u20ac-25.5 million), reflecting efficiency measures and contract adjustments.<\/p>\n

Sweden remains a key growth market. Following new public service contracts and the acquisition of long-distance operations in Sweden, VR has become the second-largest rail operator in the country, strengthening its Nordic footprint.<\/p>\n

Investments and balance sheet<\/strong><\/p>\n

VR invested \u20ac237.4 million during the year, primarily in rolling stock and fleet renewal. Net debt remained stable at \u20ac447.8 million, with net debt to comparable EBITDA at 1.5x, indicating a solid financial position.<\/p>\n

The Board proposes a dividend of \u20ac76.1 million (\u20ac34.57 per share), reflecting improved earnings and cash flow.<\/p>\n

Outlook for 2026<\/strong><\/p>\n

Looking ahead, VR expects revenue to increase in 2026, driven in particular by new Swedish public service contracts. Comparable operating profit is forecast to remain at a similar good level as in 2025, although the company notes continued uncertainty linked to the broader economic environment.<\/p>\n

Overall, 2025 marks a clear step forward in profitability for VR, with improved margins across long-distance and freight operations and a stronger financial base for future growth in the Nordic rail market.<\/p>\n<\/section>","protected":false},"excerpt":{"rendered":"

The Finnish state-owned rail group VR reported a strong financial performance for full-year 2025, with comparable operating profit (EBIT) increasing by over 53% to \u20ac129.8 million, compared with \u20ac84.6 million in 2024. The comparable EBIT margin rose to 10.4% (6.5% in 2024), marking a clear improvement in operational efficiency.<\/p>","protected":false},"author":2,"featured_media":17310,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33],"tags":[],"class_list":["post-17309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-europe"],"acf":[],"_links":{"self":[{"href":"https:\/\/gruzingeo.com\/ru\/wp-json\/wp\/v2\/posts\/17309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gruzingeo.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gruzingeo.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gruzingeo.com\/ru\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/gruzingeo.com\/ru\/wp-json\/wp\/v2\/comments?post=17309"}],"version-history":[{"count":0,"href":"https:\/\/gruzingeo.com\/ru\/wp-json\/wp\/v2\/posts\/17309\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gruzingeo.com\/ru\/wp-json\/wp\/v2\/media\/17310"}],"wp:attachment":[{"href":"https:\/\/gruzingeo.com\/ru\/wp-json\/wp\/v2\/media?parent=17309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gruzingeo.com\/ru\/wp-json\/wp\/v2\/categories?post=17309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gruzingeo.com\/ru\/wp-json\/wp\/v2\/tags?post=17309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}