English – Transdev, the mobility company

Transdev Australia hosted a fantastic event: its Women in Maritime Open Day.

Over 60 women, including school leavers and career changers, gathered at Circular Quay for an exciting opportunity to discover careers at sea. They embarked on a Manly Ferry for an unforgettable day of exploration and insight into the maritime industry.

The women were guided by inspiring female Journey Makers, who offered a unique look into the diverse roles that keep the ferries running. From General Purpose Hands to Engineers and Masters, the team provided an inside view of what it takes to excel in these vital positions.

The participants also had the opportunity to hear from two distinguished industry professionals: Nicole Allen from TAFE NSW and Roberta Hulley from Superyacht Crew Academy. They shared valuable knowledge about the educational pathways and qualifications necessary for success in the maritime sector, helping attendees navigate their options for starting a fulfilling career at sea.

The Women in Maritime Open Day is just one example of how Transdev Australia is actively promoting gender diversity and encouraging women to pursue rewarding careers in the maritime industry. The goal is to create a future where women not only thrive but lead and innovate within this dynamic field.

It was an exciting opportunity to see the talented women who will shape the future of maritime.

Transdev North America is proud to announce that Alphonso Burns and Donjaray Baker have been honored in Lytx’s 2025 Coach and Driver of the Year Awards.

They both have been recognized for their exceptional contributions to safety and leadership. Alphonso Burns, named Coach of the Year, and Donjaray Baker, who earned second place as Driver of the Year, exemplify Transdev’s commitment to fostering a culture of safety, mentorship, and continuous improvement across the organization. Their achievements highlight the dedication of Transdev’s team to providing safe, reliable, and innovative transportation solutions.

Djoeke Vissia is leading the implementation of the Utrecht urban network’s multimodal transport system, a groundbreaking project aimed at enhancing sustainability and accessibility. As Implementation Manager at Transdev, she shares her career journey, the challenges of managing the bus and light rail network in Utrecht, and her commitment to green, low-carbon transport solutions.

Could you briefly introduce yourself? Your career path, your position, your scope, your missions?

I’ve been with Transdev for three and a half years, with expertise in organizational science and change management. One of my first major projects was the development of TakeCharge, a software application, in cooperation with our French teams, to optimize the management of electric vehicle batteries and reduce breakdowns. This initiative marked a turning point, moving our organization away from a diesel-based model towards more sustainable management. For just over half a year, I’ve been responsible for the implementation of the concession business in the Utrecht region, one of the few large cities in the Netherlands still operating with a tender system. We’re very proud to have won it, as it’s a very competitive market. Our main mission is to make public transport more accessible and clean. Utrecht has a strong focus on sustainability, encouraging the use of public transport and cycling. We’re also working on accessibility measures, for all passengers, and we’re committed to making transport greener.

Can you tell us more about this concession to manage multimodal public transport covering the bus and light rail network in and around Utrecht’s city center?

The ten-year concession covers the Utrecht city center light rail and bus network. We know this area well, having managed it in the past. Our innovative approach, based on sustainability and circularity, enabled us to achieve an excellent score in the call for tender. I’m very proud of the work we’ve done and the boldness we showed in winning this project.

The concession comprises around 300 buses and 54 tramways. Operating trams is a new field for us, and we are working with experts to make this a success. A great benefit is that we can make the most of colleagues’ experience elsewhere, for example in Ireland. We will operate five depots, with 24 million kilometers covered and 40 million passengers transported each year. The contract represents a turnover of around 1.7 billion euros over ten years. The buses have been ordered, and we are monitoring their production in collaboration with the province.

The contract also means that all buses will be electric by 2028. How does this fit in with Transdev’s “Moving green” strategy and its broader approach to low carbon transport?

The transition to low carbon transport is at the heart of our project, which is fully in line with Transdev’s “Moving Green” strategy. In the Netherlands, we are pioneers in sustainable mobility, and this project is a key step in supporting the city’s rapid growth, while reducing our carbon footprint.

We are introducing a fleet of 100% low carbon vehicles, combining electric buses and modern tramways, while optimizing our infrastructure for more sustainable operations. This approach is based on close collaboration with local authorities and our partners, to ensure an effective transition.

This project is a perfect illustration of Transdev’s commitment to developing innovative transport solutions that respect the environment and meet passengers’ growing needs.

As a woman in a sector that is still predominantly male, have you encountered any particular challenges in your career?

At the moment, I’m taking part in a Transdev group mentoring program on female leadership. I find this essential, as there are still very few women in the transport sector, especially young women. It’s important that we’re given the opportunities to develop.

This mentoring has helped me to think about my future, the skills I can acquire and how to get there. I also learn a lot from the other participants – we’re a group of about eight women. This network has given me a great deal of support and enabled me to carry out this project successfully. I’m proud to see myself, a young woman, in this role, as most implementers in the Netherlands are men with years of operational experience. My expertise is more in project management and process improvement. The fact that profiles like mine, and more broadly young women, get opportunities like this, definitely accelerates growth within Transdev.

Any final words?

This is the first time I’ve been in charge of implementation, which means I see it up close, every stage of the process. From site layout to driver training and general organization, I have a complete picture of what’s involved now. I’m in awe of and very impressed by the expertise of my colleagues, both in the Netherlands and internationally. Managing public transport in a large city is a complex challenge. The players involved and the many variables to be taken into account make this project all the more ambitious. I’d like to stress how impressive it is to see a company succeed in building such an organization in just a year and a half. So far, it is a success thanks to outstanding teamwork.

Gwendal Gicquel is at the head of the Marseille-Toulon-Nice line, historic because it is the first regional line open to rail competition in France. As Director of Transdev Rail Sud Inter métropoles, he shares his background, the challenges associated with this unprecedented launch and his ambition for a more modern, accessible and efficient service.

Could you briefly introduce yourself?

I’m 48 years old and joined Transdev in 2021 to prepare for the start-up of operations on the Marseille – Toulon – Nice line after signing the contract with the region. My background is international and multi-sectoral: transport infrastructure financing for the World Bank (Madagascar), port operations and logistics (Congo), oil industry (Nigeria). Back in France, I managed a subsidiary in combined transport. Between 2009 and 2021, I alternated between studies and entrepreneurial projects before joining Transdev.

The line between Marseille, Toulon and Nice is the first regional rail line in France to be opened to competition. Can you tell us more about this context?

The opening up of the rail market to competition is the result of a European directive imposing calls for tender on member states. France, one of the last countries to implement the directive, has drawn on the experience of its neighbors, such as Germany, which has 30 years’ experience. Unlike the UK, which has privatized its infrastructure, France is only opening up rail operations to competition. The South Provence-Alpes-Côte d’Azur region was the first to take this step, followed by the Grand Est, Hauts-de-France and Pays de la Loire regions. It has divided its network into four parts: the Marseille-Toulon-Nice line, a part around Nice won by SNCF and put into service in December, and a third part in which Transdev is participating. A fourth part will be launched shortly. This new context implies a learning and adaptation phase. Beyond the technical aspects, the challenge is also to build a transparent and constructive relationship with the French South Region, which is working for the first time with an operator other than SNCF.

Won in November 2021, the line will start operating in summer 2025: what were the challenges and complexities involved in preparing for this launch?

Four years may seem a long time, but they go by very quickly. This project involves a number of challenges: industrial, human and organizational. Even before building the trains, we had to reach an agreement with Alstom and the region on their design. Three key contracts form the framework of the project: with the region, Alstom for the manufacture of the rolling stock and NGE for the maintenance site in Nice, right in the center of town, on a site still operated by the SNCF until mid-2025. The human challenge is a major one: we’ve gone from 2 people at launch to over 80 today, and will be 220 in a few months’ time. Recruitment is rigorous, in particular to select 40 drivers for training from 1,000 applicants, as well as 80 customer relations agents and managers in all departments. The ramp-up is rapid and represents a real challenge.

How will the line contribute to local development?

Transdev is creating local, skilled jobs, with a base in Marseille and Nice. As part of this new contract, Transdev’s offer will break with what already exists. The aim is to develop everyday transport – to work, to university, to high school, to see family and friends – and to support the development of tourism in a highly attractive region. Starting in June, train frequency will double, with a train every hour between 5:30 a.m. and 9:30 p.m., compared with 7 at present. The aim is to offer a more frequent, reliable and comfortable service, encouraging a modal shift. The Region is particularly active in developing its public transport offer, both in terms of volume and quality of service. This project illustrates our determination to improve this performance in a region that has historically been car-oriented.

What changes for passengers in terms of contact, frequency, fares and services?

The fare doesn’t change. Transdev does not sell tickets to users, but supplies trains to the region, which markets the service via a new ticketing system. Two major improvements are worth noting. Firstly, on-board comfort: new trains with Wi-Fi, entertainment portal, real-time information and vending machines for drinks and snacks. Secondly, improved accessibility: the old Corail trains will be replaced by models adapted for people with reduced mobility, with the possibility of taking bicycles on board. Finally, the sales approach is changing. Transdev agents will not be limited to checking tickets: they will also play a role in welcoming, accompanying and assisting passengers to enhance their experience.

A final word? Do you have anything you’d like to add, a personal viewpoint or something you’d like to say to our readers?

This project is an incredible adventure! We’re the first to do it, and that’s something to be proud of. Building a team from scratch, imagining everything, putting it all together – it’s an exciting and stimulating challenge. What’s more, we’re opening up a new market for Transdev, a real growth driver. And above all, all eyes are on us! Our success will influence the future of rail in France and the opening up to competition. It’s an ambitious mission: to prove that it works and show the way for years to come!

Pride Working Group: Transdev Australia & New Zealand is committed to making the workplace a safer and more inclusive space for LGBTQ+ community members and allies.

To further this goal, Transdev Australasia is excited to announce the launch of its Pride Working Group. This group will be made up of passionate Journey Makers from across Australia and New Zealand, representing each operation.

The group will actively advance workplace inclusion, ensuring that everyone feels valued. It is crucial that the group mirrors the diversity of our workforce and is driven by change-makers dedicated to progress. Their work will focus on creating meaningful initiatives that promote inclusivity at every level.

Transdev Australasia is proud to support the group’s efforts in driving Pride initiatives and advancing its commitment to inclusion. The goal is to continue to foster an environment where every community feels respected and supported.

This past weekend, Dublin came alive with the excitement of St. Patrick’s Day festivities!

The city center and suburbs were buzzing with thousands of people enjoying the celebrations of St. Patrick’s Day. Behind the scenes, the dedicated team at Transdev Dublin Light Rail worked tirelessly to keep the Luas network running smoothly.

From early morning preparations to late-night operations, our amazing teams ensured a safe, reliable, and enjoyable journey for everyone. Drivers, maintenance crews, customer assurance, security, management, and customer service all played crucial roles in this effort.

With over half a million people attending the St. Patrick’s Day Parade, our success relied on weeks of planning and seamless collaboration.

Transdev Dublin Light Rail

Our team members worked diligently across various tasks, including maintaining trams, managing queues at busy stops, and keeping trams and stations clean. They also guided passengers, assisted those with special needs, and provided real-time updates on social media.

Each team member played a vital role in delivering an exceptional experience. We thank all our incredible staff who went above and beyond—not just that weekend, but every day. Your hard work ensured Luas was the best way to travel and helped contribute to the vibrant spirit of Dublin.

Go Raibh Míle Maith Agaibh! Happy St. Patrick’s Day and thank you for choosing Luas!

Grand Prix 2025: a seamless partnership between Yarra Trams and the Australian Grand Prix Corporation

The 2025 Australian Grand Prix marked a significant milestone for Yarra Trams, with the event being the largest and most ambitious in recent years. With hundreds of dedicated staff on the ground, the event saw a seamless transport service that helped racegoers get to and from the track with ease. From operating trams to ensuring passenger safety, Yarra Trams’ contribution was vital in making the Grand Prix experience exceptional for all involved.

Whether behind the wheel of a tram, assisting passengers, or monitoring the infrastructure and tram network, Yarra Trams staff were at the forefront of delivering top-tier service to racegoers. The meticulous planning and preparation that went into the event ensured that not only was the transport system ready for the challenge but was also flexible enough to handle any unexpected hurdles during the event.

Yarra Trams also wishes to extend a heartfelt thanks to the Australian Grand Prix Corporation, whose partnership and coordination were essential in delivering a seamless event. Together, they ensured that the transport operation was executed without a hitch, contributing to the overall success of the 2025 Grand Prix.

Since its launch in 2023, the Quito Metro has revolutionized urban mobility in Ecuador’s capital, improving connectivity, accessibility, and quality of life for its residents. At the heart of this transformation is Miguel Mora, Head of Contract Coordination at Quito Metro. With a deep passion for mobility and railway systems, he plays a key role in ensuring the metro’s efficiency while actively promoting diversity, equity, and inclusion within the company. In this interview, he shares insights into the metro’s impact, the company’s commitment to gender equality, and his vision for a more inclusive transport sector.

Could you briefly introduce yourself?

I’ve been working for EOMMT, the operating company of the Quito metro, as head of maintenance contract coordination, for over two years. Passionate about mobility and railway systems, I started in this field 8 years ago. Today, I’m lucky enough to lead a great team. I’m also an active member of the Diversity, Equity and Inclusion Committee, which promotes equality and highlights female leadership. It’s a commitment that’s particularly close to my heart.

What does the Quito metro bring to the city and its inhabitants?

Since its launch in 2023, the metro has transformed Quito: faster travel, a better-connected city and a revitalized historic center. With 15 stations, the metro crosses the city in approximately 34 minutes, saving precious time for users. In just one year, 40% of residents have used it, 57% of them women. It has also facilitated access for the disabled and revitalized our colonial downtown, making it more attractive to locals and tourists alike.

The Quito metro received an award for its commitment to inclusion. What role do women play in the company?

We’re proud to have broken with traditional patterns. 41% of our employees are women, including 40% in management positions. We also have female employees from indigenous and Afro-Ecuadorian communities, as well as people with disabilities. We are one of only 8% of Ecuadorian companies whose Board of Directors is chaired by a woman. We want to be a model of equity and inclusion.

What measures are in place to promote the inclusion of women?

We are an attractive employer, especially for women. Many of my colleagues have to combine work and family life. We do our best to offer them conditions that enable them to achieve their full potential.

Any last words?

Inclusion is everyone’s business. As a man, I’m aware of the obstacles women face. My role is to open doors for them and encourage their development. We could resume our vision referring to this question “If you had to recruit for a historically male technical position, would you choose a woman with equal skills?”. For us, the answer is always “Yes”.

As Chief Operating Officer of Yarra Trams, the world’s largest tram network, Liz Reddy carries on a family legacy in the transport industry. Every day, she oversees the smooth and reliable operation of 5,000 services across Melbourne. In this interview, she shares her career journey, the challenges of managing an iconic network, Yarra Trams’ environmental commitments, and her vision for greater diversity in a traditionally male-dominated sector.

Can you tell us about your background and your role at Yarra Trams?

I’m Liz Reddy, Chief Operating Officer at Yarra Trams, which operates the world’s largest light rail network in Melbourne. Transport is part of my family history: my parents were tram drivers and ticket inspectors, and I grew up spending time in the depots. I’ve always been impressed by the teams’ dedication and the impact of the tramway on the city. Today, I oversee all operations, including more than 1,400 drivers spread over eight depots and a control center. My aim is to guarantee smooth, reliable service for our three million weekly passengers, with over 5,000 daily services on the network’s 24 lines.

What does it mean for you and Transdev to manage a network as emblematic as Melbourne’s?

It’s a great source of pride and responsibility. Tramways are inseparable from Melbourne, crossing its most emblematic streets and forming part of the daily lives of residents and visitors alike. Transdev and our partner John Holland bring recognized expertise, acquired on more than 20 tramway networks worldwide. Our mission is to constantly improve service reliability and the passenger experience, while meeting the challenges of city growth.

What are the major challenges and priorities for the coming years?

Our priority is to offer an ever more efficient service, tailored to the needs of our customers. Traffic is a constant challenge, as 74% of the network is shared with cars, which can complicate our operations. We will soon be introducing the new G Class tram, which will be more accessible, more spacious and more energy-efficient. We will also continue to improve passenger information and assistance, particularly in the Free Tram Zone in the city center, where tram access is free and plays a key role in welcoming visitors.

Melbourne’s network is linked to renewable energies. What are Yarra Trams’ commitments to sustainability?

Our network is 100 per cent offset by renewable energy thanks to two Victorian solar farms. Our depots are also equipped with solar panels to offset their consumption. But we don’t intend to stop there: we’re constantly looking for ways to further reduce our carbon footprint. Our aim is to contribute to carbon neutrality by 2045, in line with the government’s commitments.

You lead a large team in a sector that is still very male-dominated. How important is the issue of diversity and gender equality in your work?

Gender equality is particularly close to my heart. Today, around a third of our employees are women, but we want to go further and achieve parity by the end of the franchise. This is essential to reflect the diversity of our city and attract new talent. At Yarra Trams, our management team already has parity, and our Board of Directors includes inspiring female leaders. It’s crucial that we continue to change attitudes and encourage more women to join the transportation sector.

What is important to you in your career and what would you like to pass on to your teams?

I feel extremely privileged to lead Yarra Trams. It’s a company with a rich history, driven by passionate experts. My ambition is to continue to anchor a culture of excellence and innovation, to offer a service we can all be proud of. The future looks exciting, and I look forward to the developments we will bring to Melbourne’s network together.

Watch our video to find out more about Yarra Trams, the world’s largest light rail network we operate with John Holland group.

Laura Hendricks celebrates women’s contributions to shaping the transit industry and driving mobility forward.

As we celebrate Women’s History Month, it’s essential to highlight the significant contributions of women in shaping the future of the transit industry.

Laura Hendricks, CEO of Transdev North America, emphasizes how strong leadership and diverse perspectives are driving innovation in mobility. By empowering teams and fostering a culture of collaboration, leaders like Susan Sweat and Lauren Skiver are ensuring that the industry adapts to the rapidly changing landscape.

Transdev’s commitment to frontline leadership, technology, and workforce development ensures teams stay ahead of industry shifts, creating a positive impact for both employees and passengers.

Transdev Slezsko in the Czech Republic will provide transportation in the Třinec-Jablunkov region from December 2025, following a call for tenders launched by the Moravian-Silesian region.

Transdev Slezsko will deploy more than 30 new environmentally friendly CNG-powered buses in the Třinec-Jablunkov region. These vehicles will serve 17 routes over the next ten years. The contract also covers 16.5 million kilometers of service.

The newly designed buses will be equipped with air conditioning and Wi-Fi for passenger comfort. They will also have automatic transmission and an on-board computer for accurate information. New features will enhance safety, and there will also be passenger counting sensors.

Passengers will also benefit from an improved information system, with USB sockets to charge their phones and a button to request a stop. This system will facilitate connections with the R61 and other trains.

Passengers can expect many new features. All vehicles will be new, with the exception of two minibuses that will now allow the transport of a maximum of two strollers or wheelchairs for disabled persons. They will be equipped with security cameras to increase safety. Each passenger will have a USB port within reach in the vehicle to recharge their cell phone and a button to request exit. The information system will also be more modern, practical and detailed.

Radek Podstawka, Vice-Governor of Moravia-Silesia

Strong increase of results vs the previous year, and for the first time in its history, Group sales topped the €10 billion mark, with EBITDA[1] up 10% year-on-year reaching €655 million. Current operating result (COR) rose sharply by 31% to €222 million.
These results are combined with significant commercial successes that enable Transdev to continue to grow in its key geographies [see also pages 3 & 4 for more information].
Transdev increased its operating capital expenditure[2] (CAPEX) to €633 million, in particular for the energy transition of its vehicles, while slightly reducing its debt.
Transdev has been awarded its first long-term issuer rating Baa2, with a stable outlook, by Moody's, the independent financial analysis and rating agency.

[1] EBITDA: Earnings before interest, taxes, depreciation, and amortization.

[2] Capital Expenditure: company capital expenditure capitalized on the balance sheet.

Press release

Download the press release

In 2024, more than 95% of Transdev’s business was carried out with, and for, public authorities: supporting the daily lives of local residents in every region of the world is at the heart of the Group’s strategy.

To deliver the right service at the right place, Transdev relies on 105,000 women and men, 70% of whom are drivers. In 2024, the Group recruited nearly 30,000 employees worldwide, including 9,000 in France alone.

Last December, following a competitive process, Caisse des Dépôts and Rethmann Group decided to enter into exclusive negotiations with a view to the latter’s acquisition of an additional 32% stake in the company. This transaction would rebalance the shareholdings of Transdev’s two historical shareholders.

Reinforcing Rethmann Group’s stake in Transdev, alongside Caisse des Dépôts, would be a tremendous opportunity, as the long-term commitment and stability it would bring would be key factors for success.

This has been an historical year for Transdev. In a complex economic context, with all our teams around the world, we have won the confidence of our clients and achieved numerous commercial successes in our public service missions. We are women and men serving mobility for all.

Transdev has initiated a virtuous circle in a business which is strongly decentralized. Our decisions are made locally, as close as possible to our clients, the transit authorities. At the same time, they can all draw on Transdev's global expertise. Our extensive experience and know-how enable us to provide the best solutions to meet the needs of each region. Our successes in 2024 clearly demonstrate the relevance of our strategy and the robustness of our business model.

With the support of our two long-term shareholders, we will continue our efforts in the future with the same momentum, enabling us to transport even more people on our networks, with the aim of ensuring an increasingly stronger social and territorial cohesion with solutions that serve the common good.

Thierry Mallet, Chairman and CEO of Transdev.

1- 2024 financial results

Transdev recorded strong growth in its business in 2024 with revenues up nearly 8% on 2023 to 10.05 billion euros.

Group EBITDA rose significantly, by +10% to €655 million.

Current operating result (COR) rose by 31% to reach 222 million euros, compared with 167 million euros in 2023. Net income more than doubled to 43 million euros.

The year was marked by major sales successes in all its markets, particularly in its five main countries[1]:

In France for €2.8 billion, representing 28.1% of sales.
In the United States for €2.7 billion, representing 27% of sales.
In Germany for €1.5 billion, representing 15.2% of sales.
In the Netherlands for €800 million, representing 8% of sales.
In Sweden for €646 million, representing 6.4% of sales.

The integration of First Transit’s business in North America is a major highlight and is ahead of schedule with its acquisition plan.

In 2024, the Group spent 633 million euros (+6.2%) on operating investments, in particular for the energy transition of vehicles[2], while net financial debt[3] fell slightly. In one year, it decreased from 1.266 billion euros to 1.228 billion euros.

In 2024, Transdev carried an average of 12.8 million passengers daily across all its networks.

On January 22, Transdev received – for the first time – from a Moody’s long-term issuer rating of Baa2, with a stable outlook. This rating reflects Transdev’s scale and, in particular, its leading market positions in France, the United States, Germany and the Netherlands, as well as its good diversification and moderate leverage.

[1] That’s over 84% of sales.

[2] 3,300 electric vehicles in operation worldwide at December 31, 2024.

[3] With the change in control of the Transdev group, the need to restructure the debt of the company subject to a change in control.

2- Development in heavy modes

Shared, low-carbon mobility is at the heart of Transdev’s strategy. In fact, Transdev’s development in heavy modes (train, light-rail and metro) continued in 2024, both in France and internationally:

Rail:

Transdev is the first private operator to win a regional rail contract in France, with the operation from June 29, 2025 of the regional line Marseille-Toulon-Nice, which will offer 14 daily connections between the two major cities. In response to the request from the Southern Region of France, Transdev will double the number of services on the line compared with the current service, and will also offer a broader range of services, with no increase in public expenditure.
Also in France, Transdev won two rail contracts in 2024: the Nancy – Contrexéville line, which will reopen in December 2027, and the renewal, from June 1, 2025, of the subcontracted operation of the Carhaix – Guingamp – Paimpol
In Sweden, two rail networks were won in early 2024. In January, Transdev won the contract to operate the regional rail lines in the southwest region of Stockholm Ostgötapendeln (for €14 million/year), which will start operating on June 1, 2025. In February, Transdev was chosen to take over operation of the Mälartåg regional rail lines in the Stockholm-Mälardalen province (for €81 million/year). The contract started on June 16, 2024.
In Germany, with the renewal of the Bavaria rail network Oberland 2027+ (€65 million/year). Transdev will continue to provide passenger transport until at least December 2032. The contract covers three lines with a total length of 120 km, serving the Bavarian Alps to the south from Munich, and will come into effect in December 2026. The rail contract Ost-Wesftalen Lippe (€83 million/year) has also been renewed in 2024.

Light-rail:

In Australia, in June 2024, Transdev, together with its Australian partner John Holland, won the contract to operate and maintain the world’s largest light rail network, Yarra Trams in Melbourne, worth €4.2 billion over 9 years. The commercial launch took place in December 2024. Also, at the end of last year, Transdev opened the 4^th line of the Sydney light rail system. These two operations illustrate Transdev’s ability, now number 1 worldwide for light rail networks, to operate large-scale mobility solutions in major cities.

Metro:

In Ecuador, at the end of 2024, Transdev celebrated one year of operations of the Quito metro, which carried 44 million passengers over 12 months, or more than 3.6 million per month.

3- Commercial success in France

In France, Transdev has won or renewed a number of flagship contracts, reinforcing its position as a trusted partner to local authorities:

The public service delegation with m2A in Mulhouse (€60 million/year).

Valence-Romans Citéa network (€39 million/year).
Renewal of the network Yelo Mobilités in La Rochelle (€38 million/year).
Gain from Grand Chambéry’s Synchro network (€30 million/year).
The new contract with Véligo Location in Île-de-France (€18 million/year).

Saint-Malo Agglomération’s MAT network (€14 million/year).

Shared mobility for the network Alégo in Arcachon-Nord (€11 million/year).
In Limoges: 6-year contract renewal.
Mobility in Roanne: with France’s first all-electric city bus network.
Last but not least, Millau Grands Causses (Mio): an enhanced service for 30,000 residents with buses running exclusively on HVO[1] biofuel.

In addition, as part of the mission entrusted by Ile-de-France Mobilités for Paris 2024, the international sporting event of the year, Transdev mobilized 3,000 people, including 1,800 drivers. By transporting accredited guests, journalists and spectators to the Versailles and Vaires-sur-Marne sites, as well as to Saint-Etienne, Transdev contributed to the collective fervor of a summer that will live long in memories.

[1] HVO = Hydrogenated Vegetable Oil

4- International sales success

In the United States, the contract won in Dallas, valued at $600 million over 8 years (or €66 million/year), includes the largest transport-on-demand service in North America. It demonstrates Transdev’s expertise in meeting the needs of communities, particularly outside dense urban areas, to offer mobility for the most vulnerable.

This new contract adds to the ongoing sales momentum in the country:

In New York State, the new contract with Nassau County, renewed for 7 years (€1.2 billion over its total duration), started on January 1, 2024.
In Los Angeles, California with Foothill Transit (€82 million/year).
And in Phoenix, Arizona (€62 million/year).

In Canada, Transdev won the bus contract EXO Assomption in Quebec (€12 million/year), which it has been operating since November 1, 2024, in the sectors serving L’Assomption, Charlemagne, L’Epiphanie, Repentigny and Sherbrooke, as well as connections to the Montreal metropolis.

In the Netherlands, in June 2024, the Province of Utrecht awarded Transdev a 10-year multimodal public transport concession covering the bus and light rail network (CAF) in and around downtown Utrecht. The contract, which will be taken over in December 2025, represents a total value for Transdev of around 1.7 billion euros. Utrecht is the only one of the four largest cities in the Netherlands – including Amsterdam, The Hague and Rotterdam – where public transport is awarded by tender. Utrecht’s fleet of some 300 buses will eventually be operated exclusively with a fleet of 100% battery-electric buses, including 228 new and 69 existing vehicles.

Also in the Netherlands, in November 2024, the Province of South Holland chose to continue with Transdev for a further 13 years – from December 2025 –the new transport concession for the municipalities of Hoeksche Waard and Goeree-Overflakkee (HWGO). This contract (€34 million/year) covers all bus transport in the municipalities of HWGO, as well as bus services between these municipalities and Rotterdam, Dordrecht, Barendrecht, Hellevoetsluis-Spijkenisse, Renesse and Willemstad.

In Australia, Transdev has extended three bus contracts (€71 million/year) in Western Australia (WA) in Fremantle, Perth and Rockingham.

[1] HVO = Hydrogenated Vegetable Oil

5- Continued deployment of the decarbonization strategy

In line with its “Moving Green” strategy, Transdev now operates a fleet of 3,300 electric vehicles in 13 countries, and is continuing to deploy solutions based on biofuels and renewable biogas, as well as experimenting with hydrogen-powered electric buses. Transdev operates also diesel buses and coaches converted to electric, either with batteries or hydrogen fuel cells. These efforts are essential if we are to respond to the climate emergency while guaranteeing reliable, accessible and inclusive mobility.

Between 2018 and 2024, greenhouse gas (GHG) emissions from our global vehicle fleet declined by 18% in intensity (target: -30% by 2030), while NOx (nitrogen oxide) emissions decreased by 47% ahead of the target of -50% by 2030.

On the innovation front, the Group launched in October 2024 in Stockholm the trial of “Nova”, the first electric ferry hydrofoil, to serve archipelagos far from the city center with a sustainable solution using 100% renewable electricity, instead of ferries using fossil fuels. “Nova” ran from autumn 2024 until last December, and will resume service in the spring until August 2025.

6- Attracting, engaging and retaining employees

Attracting, engaging and retaining employees are the three pillars of the Group’s human resources policy. The aim is to enable everyone to thrive within diverse and inclusive teams. To achieve this, the Group is committed to offering all its employees equal opportunities for growth and development within the Group.

In 2024, Transdev recruited nearly 30,000 employees worldwide, including 9,000 in France. Of the 105,000 women and men working at Transdev:

94% have unlimited-term employment contracts.
70% are drivers.
Women account for 26% of the total workforce.
34% of employees are over 55.
69% of employees received training in 2024.
In France, the “Académie by Transdev” training center welcomed more than 1,000 people in in 2024 to become future drivers. 23% of them are aged 50 or over.

Building a strong inclusive culture for diverse teams involves:

Developing the conditions to attract a diverse workforce.
Ensuring equal access to training and empowerment.
Encouraging diversity, raising awareness and developing partnerships.
Leveraging diversity for growth and monitoring the impact of our initiatives.

7- Shareholder evolution

On December 16, 2024, Caisse des Dépôts and Rethmann Group announced their decision to enter into exclusive negotiations with a view to the latter’s acquisition of an additional 32% stake in Transdev. This operation would lead to a rebalancing of the shareholdings between the two shareholders, with Rethmann France (S.A.S) becoming the majority shareholder, with 66% of the capital, alongside Caisse des Dépôts, who would retain 34% of the capital, a sign of the importance of France, Transdev’s largest market.

Caisse des Dépôts thus intends to align its shareholding with the reality of what Transdev has become, a group with both solid roots in France and a strong international foothold.

Reinforcing the Rethmann Group’s stake in Transdev would be a tremendous opportunity. It would demonstrate the stability and long-term commitment of the Group’s two shareholders. It would also confirm their confidence in the current management team, and enable Transdev to pursue its strategic development both in France and internationally.

The long-term commitment and stability that would result from this acquisition are key success factors in the passenger transport business provided under public service contracts.

The planned transaction is expected to be completed within 2025, subject to the approval of the relevant administrative and regulatory authorities.

8- 2024 Transdev key figures

Revenue: €10.05 billion (+719 million € vs. 2023)
EBITDA: €655 million (+€59 million vs. 2023)
Current operating result (COR): €222 million (+53 million € vs. 2023)
Net income, Group share: €43 million (+23 million € vs. 2023)
Net financial debt: €1.228 billion (-34% vs. 2019)
Gross CAPEX: €633 million (+37 million € vs. 2023)
Number of vehicles operated: 56 732
Employees (in 19 countries): 105,177, including 26% women
Group payroll: €5.7 billion
Employees on permanent contracts: 94%
Percentage of drivers: 70%
Number of professions: over 150

York-based bus operator York and Country today reveals plans for significant improvements to its expanding network serving market towns and villages north of the city (Easingwold and Thirsk).

The fast-growing bus company has been carefully reviewing the routes it took over when it reached a deal with previous operator Reliance Motor Services last December. It also includes consulting with customers and local community leaders.

Now York and Country is to launch a package of improvements from Sunday, 6 April 2025 to routes between York and Easingwold, Thirsk, Helmsley and Kirkbymoorside, delivering more reliable journeys, plus:

New evening trips on route 30 between York and Easingwold, with late evening journeys on Fridays and Saturdays.
A new early morning bus from York to Easingwold and Thirsk.
A quicker route in and out of Thirsk, serving the Industrial Park across the day.
A new route 32 linking Sowerby village, Sowerby Gateway and the Lime Gardens housing development with Thirsk. Most buses will continue to Easingwold and York as routes 30/30X, including students’ trips to York College and with through fares available.
A more direct route in and out of York along Bootham for routes 30, 30X and 31X, with journeys in both directions serving the Theatre Royal.

We’re delighted to announce this exciting package of improvements to these important routes providing vital links between rural communities and the city of York, for commuting, studying, shopping and leisure.

We’ve listened carefully to valued feedback from our customers since we took over these routes from Reliance last December, and many of the suggestions we received are included in our improvements from next month.

In and around Thirsk, we’ll be providing regular buses for the first time to the rapidly expanding Sowerby Gateway and Lime Gardens developments, plus a more regular service across the day passing Thirsk Industrial Park – ideal for commuters and visitors to the Skeldale Medivet Hospital.

Our new route 30 journey on Friday and Saturdays leaving York at 10.30pm for Easingwold will also make it easier to enjoy an evening out in the city without having to drive home – something many of our customers have told us they’d like to see.

Adam Emmott, York and Country General Manager

New timetables and maps for routes 30, 30X, 31X, 40 and the new route 32 will be available soon online on Transdev Blazefield and on the free Transdev Go mobile app. Printed timetables will also be available from the usual outlets.

Transdev Australia is celebrating the success of its Gender Equality Action Plan. It marks significant progress in advancing gender equity across its operations in Australia and New Zealand.

A year after launching the plan, Transdev Australia has increased female participation in key roles, improved leadership pathways for women, and introduced new policies and training to foster an inclusive and supportive work environment. Notable achievements include the reduction of the gender pay gap, the creation of support networks like Women on the Move, and the initiation of industry partnerships to further gender equality.

Looking ahead, Transdev Australia remains committed to building on this momentum. As CEO Brian Brennan and Executive Sponsor for Gender Equality Alexia Gontier emphasized, creating a more gender-equal workplace is a collective effort that requires the dedication of every team member.

Starting on April 1st, a new integrated public transport network, Mobiave, will begin operations across the municipalities of Famalicão, Santo Tirso, and Trofa.

Mobiave, operated by Transdev, brings a significant improvement to public transport options around this area. Indeed, it will enhance accessibility, efficiency, and reliability for local residents. The new network will offer 90 bus routes, operated by 110 buses, and serving around 2,700 bus stops. As a result, it will expand significantly coverage and service availability.

Key features include new routes to industrial zones and increased frequency. The goal is to improve connectivity for workers and residents. The enhanced service will offer greater convenience for passengers, whether traveling within a single municipality or across multiple areas.

To enhance the passenger experience, Mobiave will provide real-time bus tracking, interactive maps, and up-to-date schedules via a dedicated website and app. These user-friendly tools will allow users to easily find routes, check bus locations, and plan their journeys more efficiently.

The new network is designed to meet the evolving needs of the population while promoting greater cooperation between the municipalities. Local leaders, including Famalicão’s mayor, Mário Passos, have emphasized the importance of this new system. It will serve as a modern and reliable transport option that benefits the economy and the daily lives of residents.

Sérgio Soares, CEO of Transdev Portugal, highlights that this project will provide a high-frequency public transport service. It will also ensure passenger mobility and improve the local quality of life. Backed by a team of 180 drivers and an experienced management team, Transdev, in collaboration with the three municipalities, is set to ensure a seamless and efficient service from day one.

The Transdev Maintenance Apprenticeship Program, launched in 2022 at the Fairfax Connector in Virginia, is shaping the future of transit by training young adults to become ASE-certified maintenance technicians.

It’s the first program in Virginia to partner with the Department of Labor and the International Transit Learning Center (ITLC). The one-year program combines four days of hands-on mentorship with one day of classroom training each week, covering technical skills, ASE test prep, and professional development. Apprentices shadow mentors on various shifts and gain access to union benefits after 90 days.

The program also builds communication, teamwork, and problem-solving skills, with regular progress check-ins. Successful participants become ASE C-level technicians and receive a wage increase. This initiative has eased the workload of the maintenance team and strengthened the local transit workforce, earning praise from Transdev’s leadership for its impact and structure.

In an interview with Eolas Magazine, Eoghan Sweeney, Project Director of Transdev Dublin Light Rail Limited, explains how Transdev is shaping the future of urban mobility.

At Transdev, we are a global leader in public transport. We have been at the forefront of shaping urban mobility in Ireland through the operation of Dublin’s Luas light rail system. With over two decades of experience, Transdev is not just about moving people but creating sustainable, efficient, and community-focused transport solutions. As Ireland’s cities grow and face increasing congestion, our innovative approach and global expertise position us as a partner for future urban development. In an interview withe Eloas Magazine, Eoghan Sweeney, Project Director of Transdev Dublin Light Rail Limited, emphasizes the importance of adapting global best practices to local needs, ensuring that we continue to provide world-class, reliable services tailored to the Irish market.

On Thursday, February 20th, managers from Transdev Dublin Light Rail Ltd and Transport Infrastructure Ireland (TII) took a proactive step to engage with passengers on the Luas Red Line. This initiative is part of an ongoing efforts to improve the commuter experience.

Wearing Hi-Vis vests and armed with surveys, the managers took to the Red Line to interact directly with passengers. Their goal was to gather valuable feedback on various aspects of the service. This initiative is not a one-time event. Transdev and TII regularly conduct similar sessions at different times of the day, ensuring they reach a broad spectrum of commuters.

Customer feedback plays a crucial role in shaping the future of the Luas network. By listening to passengers, Transdev and TII can identify areas for improvement and implement solutions that enhance the overall journey. Whether it’s about the quality of service, timeliness, or passenger comfort, these direct interactions help make informed decisions.

This initiative reflects Transdev and TII’s commitment to maintaining a high standard of service on the Luas. They aim to ensure that passengers feel heard and valued. The positive engagement between managers and customers fosters trust and transparency, which is essential for continued growth and improvement.

A special thank you goes out to the passengers and managers who participated in the event. Their involvement plays a key role in making the Luas a more efficient and customer-friendly service.

By actively seeking passenger input, Transdev and TII demonstrate their dedication to enhancing the commuting experience for everyone.

Transdev Canada is excited to announce the opening of its newly renovated facilities in Beloeil, Québec.

The redesigned facility was created to meet the needs of our teams with an extended and modern space. It fosters collaboration, innovation, and growth. This achievement marks an important milestone in our history in Beloeil. Moreover, it highlights our commitment to progress. Our team has grown to over 180 professionals, reflecting our ongoing dedication to local growth.

This milestone demonstrates our continued support for communities and dedication to their development.

With this installation, we reaffirm our commitment to the efficient operation of public transportation across Montreal's South Shore. We are proud to continue our collaboration with our trusted partner EXO. Our dedication to delivering safe, reliable, and innovative transportation solutions remains strong.

Émile Cadieux, Senior Vice-President, Québec et Maritimes at Transdev Canada

Transdev Canada is proud to announce the opening of an operations and maintenance facility in Regina, Saskatchewan.

The 40,000-square-foot facility will accommodate 80 employees and more than 40 buses. It will enhance the reliability of paratransit service for the local community around Regina.

By optimizing our operations and fleet maintenance, we are reducing downtime. We’re also improving schedule reliability and guaranteeing better quality service, especially for people with reduced mobility.

In collaboration with the City of Regina, Transdev Canada provided more than 178,300 trips in 2024, helping local citizens, including the vulnerable and mobility-impaired.

This center marks an important step forward in our mission to provide safe, efficient and accessible transportation.

We are proud of the work we do in partnership with the City of Regina. This investment illustrates our strong commitment to our clients and the community.

Emily Watson, Senior Vice President, Western Canada at Transdev Canada

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