Lineas recorded a loss of €13.6 million, following a decline from €82 million in 2022 to €40.3 million in 2023. This trend follows the ongoing implementation of its transformation plan, introduced in 2022, which focuses on restructuring operations, adjusting pricing strategies, and cost reduction measures.
The company has simplified its service offering, discontinued unprofitable activities, and adjusted pricing structures while maintaining operational continuity in a market affected by infrastructure works. Additionally, measures have been taken to reduce risk exposure across its business segments.
Lineas has called on Belgium’s future Federal and Regional Governments to introduce policies that support rail freight, including the establishment of fair competition conditions between rail and road transport, ensuring infrastructure availability, and incentivizing multimodal transport solutions. The company has also raised concerns about competition conditions at shunting yards in Germany, the Netherlands, and France.
A new Managing Director is expected to be appointed in the coming months to oversee operations and report to the Chairman of the Board. This role will be supported by an Executive Leadership Team, which has recently undergone changes to strengthen management capacity.y
