The analysis is based on the incidence of individual cost items on total production costs, a relevant parameter for assessing the economic sustainability of local public transport companies. The sample considered includes 39 Italian companies, divided into three clusters based on 2023 turnover.
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For each company in the cluster, the percentage incidence of individual cost items on total production costs for the years 2014 and 2023, the average for the period 2014-2023, and the percentage change between the 2023 figure and the 2014 figure are reported. The data are expressed in percentage form and sorted according to the 2023 turnover value, in descending order.
For AMT S.p.a., the total production costs for 2019, the average for the period 2014-2019, and the percentage change between the 2019 figure and the 2014 figure are shown.
The first cluster, below, includes the top 15 Italian LPT companies with the highest turnover, between 980 and 95 million euros.
Personnel cost
Basco&T Consulting processing of data extracted from official financial statements (AIDA).
*AMT S.P.A data related to 2019
In 2023, on average, the incidence of personnel cost stands at 48.7 %, slightly down from 2014 (-1.3%). ARRIVA ITALIA records the largest decrease in terms of incidence; some companies keep values almost unchanged, such as AUTOGUIDOVIE (-0.7%) and TUA S.p.a. (-0.8%); others show significant changes: ATAC grows by 15.4% while BUSITALIA by 27.0%.
Cost for services
Basco&T Consulting processing of data extracted from official financial statements (AIDA).
*AMT S.P.A data related to 2019
In 2023, the incidence of service costs on production costs averages 23.9 %, with a median of 23.4 %. The change averaged over the 2014-2023 period is contained (1.9 percent), but with significant differences among companies.. La variazione registrata in media nel periodo 2014-2023 è contenuta (1,9%), ma con significative differenze tra le aziende.
Some operators show sharp increases, such as Air Campania (+29.8 %) and ATAC S.p.A. (+20.2 %). On the other hand, there are marked declines for Busitalia (-26.5 %), Trentino Trasporti (-16.8 %) and Arriva Italia(-16.6 %).
Cotral S.P.A, Autoguidovie and GTT S.P.A. remain essentially stable, while Autolinee Toscane and TUA S.p.A. show moderate changes.
Raw materials and consumption
Basco&T Consulting processing of data extracted from official financial statements (AIDA).
*AMT S.P.A data related to 2019
In 2023, the impact of raw materials on production costs averages 14.0%, with a median of 15.0%. Compared to 2014-2023, there is an overall balance (average -0.2%) and a negative change of -8.4% in terms of the median.
The most pronounced decline is observed in ATM S.p.A. (-57.8%), followed by COTRAL and Autolinee Toscane, both with reductions of more than 20%. In contrast, Trentino Trasporti shows the largest increase (87.7 %), followed by ANM S.p.A. (32.6 %) and ATAC S.p.A. (30.4 %).
The changes may be partly attributable to consumption rationalization, fleet efficiency, and the effect of energy prices and procurement policies.
Depreciation
Basco&T Consulting processing of data extracted from official financial statements (AIDA).
*AMT S.P.A data related to 2019
In 2023, the average incidence of depreciation on total production costs is 6.8%, with a median value of 7.5%. There is an average change relative to the 2014-2023 period of 28.9%, while the median shows a negative change (-4.1%).
Among the most pronounced declines are Trentino Trasporti (-92.9%) and Autolinee Toscane (-58.1%), while Cotral (+349.2%), Autoguidovie (+174.7%) and Busitalia (+82.8%) are the companies with significant increases.
Use of Third-Party Assets
Basco&T Consulting processing of data extracted from official financial statements (AIDA).
*AMT S.P.A data related to 2019
In 2023, the average incidence of the use of third-party assets is 2.9 percent, with a median of 2.2 percent, slightly down from the past (-9.5 % on average), but with differentiated dynamics among companies.
Trentino Trasporti, Autoguidovie and TUA S.p.A. have sharply reduced this item, but it is ATM S.p.A. (Milan) that has the sharpest decline (-63.2%). Conversely, ATAC S.p.A. and Autolinee Toscane record significant increases (+43.6% and +35.5%, respectively). COTRAL and GTT also show an incidence above the historical average.
Other costs and operating expenses
Basco&T Consulting processing of data extracted from official financial statements (AIDA).
*AMT S.P.A data related to 2019
In 2023, the incidence of other costs stands at an average of 2.2 % and a median of 1.9%, down from the 2014-2023 median (-17.6%). However, large differences emerge among companies:
- ATM S.p.A. (-92.0 %) and SETA S.p.a. (-89.3 %) register among the sharpest declines.
- TUA (+484.8 percent), COTRAL (+463.2 %) and AUTOGUIDOVIE (+110.7 %) record large increases.
Basco&T Consulting processing of data extracted from official financial statements (AIDA).
*AMT S.P.A data related to 2019
The incidence of operating expenses in 2023 is at an average and median of 1.5 percent, with varying trends:
- In strong growth are Autolinee Toscane (+529.1%), followed by TPER (+158.3%) and ANM S.p.a. (Naples) (108.1%)
- The largest declines includes Busitalia (-60.3%), followed by Cotral (-41.8%), ATM Milan (-29.5%) and SETA S.P.A (-28.3%).
This type of cost is often affected by management, organizational or accounting choices.
