Leo Express has achieved revenues of CZK 603 mil / EUR 24,4 mil for 2023

Prague, 30th of May 2024 - Leo Express, based on audited results, achieved consolidated revenues of CZK 603 mil (EUR 24,4 mil) for 2023 with over 1,7 mil customers and expects to reach over CZK 1 bln for year 2024 with around 3,5 mil customers. The carrier plans to reach approximately 5 million train kilometres in 2024.  

Consolidated EBITDAR for 2023 reached over CZK 140 mil / EUR 5,7 mil (increase y-o-y by +175%) and net profit CZK 4 mil / EUR 165k compared to a loss of CZK -3 mil / EUR -124k in the prior year. The company has also managed to repay all of its bank loans and continues to use financial and operational leasing. 

CEO Peter Köhler says: „We have more than doubled output and performance of Leo Express group for 2023, improving profitability and likely exceeding CZK 1 bil / EUR 40 mil in revenues for year 2024 with targeted 3,5 mil in customers. Our vision remains the same, becoming the leading alternative rail passenger operator in Central Europe. Leo Express has a proven track record in innovating and improving quality in intercity, regional and commuter services across several countries, as proven in the recent launch of regional and commuter services in the Danube region in Slovakia, for the first time providing fully airconditioned and wifi-equipped low platform services in this region. With its international team of talents, Leo Express is ideally positioned to win PSO contracts and expand open access rail services across Central Europe. We thank our customers for this success and promise to keep up the work.“ 

Leo Express is currently working on upgrading its commercial trains to faster and more reliable 5G internet. The company is also scheduling tests for a free-of-charge coffee corner on its regional trains in the Orlicko and Danube regions. The commitment to sustainable rail transportation, high safety standards, reliability and quality remains. The company is currently completing ETCS installations on its commercial services between Prague – Ostrava – Košice/Krakow, which will increase safety even further. In June, Leo Express extends its daily services on the route Prague–Ostrava by adding connections to Lviv and has also increased summer services between Prague and Kraków. 

Leo Express has also presented its new visual identity for trains in the Czech Republic, Slovakia and Poland. The trains now have a more distinctive orange colour and topographical maps of the main destinations. The look of the Flirt units has been unified, and the new visual identity emphasizes the cooperation between Leo Express and Renfe. The chairman of the Board of Leo Express, Manel Villalante i Llaurado, adds: “The launch of operations in Danube Region represents a milestone for our company. Last year has been key for Leo Express, since it marks a turning point in the pathway to growth, as results and performance show. We are eager to face all the new challenges ahead."