COMMISSION DECISION
of 20 October 2004
on the State aid partly implemented by France for the ‘Sernam’ company
(notified under document number C(2004)3940)
(Only the French text is authentic)
(Text with EEA relevance)
(2006/367/EC)
1. PROCEDURE
2. DESCRIPTION
2.1. Sernam’s structure
2.2. Sernam’s activities
2.3. Sernam’s market capacity (expert study)
2.4. SNCF - Background
2.5. Commission Decision of 23 May 2001‘Sernam 1’ - Background
2.6. Initiation of the procedure - Background
2.7. Subsequent developments
3. OBSERVATIONS FROM INTERESTED PARTIES
Customers of ‘X’ |
Reduction of price proposed by Sernam compared with that of ‘X’ |
Region |
Customer 1 |
-30% |
Amiens |
Customer 2 |
-15% |
Paris |
Customer 3 |
-10% |
Paris |
Customer 4 |
-20% |
Paris |
Customer 5 |
-20% |
Paris |
Customer 6 |
-20% |
Paris |
4. COMMENTS FROM FRANCE
4.1. The lapsing of SNCF’s agreements with Geodis and COGIP
4.2. Period of implementation of the plan
4.3. €41 million increase in aid
4.4. The €67 million expected from Geodis (under the decision of 23 May 2001)
4.5. Sernam’s prices
2nd quarter 2003 Express |
Sernam (overall) |
(74) Sernam in the 25 to 35 kg range |
Market (same weight) |
Price/kilo in € |
[…] |
[…] |
1.07 |
Weight by dispatch in kg |
[…] |
[…] |
29.00 |
(78) 2nd quarter 2003 Mail |
Sernam |
Sernam in 95-105 kg range |
Market |
Price/kilo in € |
[…] |
[…] |
0.33 |
Weight by dispatch in kg |
[…] |
[…] |
98.00 |
4.6. Trend in Sernam's performance
|
2000 |
2001 |
2002 |
03 foreseen |
03 actuel |
2004 |
2005 |
2006 |
Turnover |
552 |
573 |
449 |
430 |
414 |
431 |
452 |
449 |
Gross operating surplus |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
Depreciation appropriation |
no data |
[…] |
[…] |
[…] |
no data |
[…] |
[…] |
[…] |
Provisions appropriation |
no data |
[…] |
[…] |
[…] |
no data |
[…] |
[…] |
[…] |
Restructuring costs |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
Remission of profit-sharing loan |
no data |
[…] |
[…] |
[…] |
no data |
[…] |
[…] |
[…] |
Financial result |
no data |
[…] |
[…] |
[…] |
no data |
[…] |
[…] |
[…] |
Result before tax |
-104.0 |
-102.0 |
-78.3 |
-87.7 |
-85.0 |
-40.9 |
0.1 |
3.4 |
4.7. Sernam’s market shares
|
1988 |
2001 |
2002 |
|||||||
Sernam |
Logistique Magazine |
Sernam |
Logistique Magazine |
Logistique Magazine |
||||||
Market share in % |
Ranking |
Market share in % |
Ranking |
Market share in % |
Ranking |
Market share in % |
Ranking |
Market share in % |
Ranking |
|
Mail services in France |
6.5 |
4 |
5.17 |
3 |
4.4 |
8 |
4.59 |
8 |
3.82 |
10 |
Express services in France |
8.5 |
5 |
7 |
5 |
7.39 |
6 |
5.3 |
5 |
4.52 |
6 |
Mail international |
0.9 |
16 |
1.36 |
12 |
1.23 |
12 |
1.79 |
8 |
0.64 |
8 |
Express international |
1 |
9 |
2.21 |
7 |
1.01 |
7 |
1.14 |
6 |
0.83 |
|
|
5.4 |
|
4.98 |
|
4.23 |
|
4.21 |
|
3.38 |
|
4.8. Drop in turnover
Turnover-1 |
|
|
|
|
|
|
|
|
Sernam’s turnover |
2000 |
2001 |
2002 |
2003 (forecast) |
2003 (actual) |
2004 |
2005 |
2006 |
Sernam’s turnover in million € |
552 |
573 |
449 |
430 |
414 |
431 |
452 |
449 |
Sernam’s turnover (base 100 in 2000) |
100 |
104 |
81 |
78 |
75 |
n.a. |
n.a. |
n.a. |
Annual drop in turnover in million € |
|
4 |
- 22 |
- 4 |
- 6 |
n.a. |
n.a. |
n.a. |
% change in turnover between 2000 and the year indicated |
|
4 |
- 19 |
- 22 |
- 25 |
-22 |
-18 |
-19 |
Turnover-2 |
|
|
|
|
|
Gross data Express mail in figures (without correction for market trend) |
2000 |
2001 |
2002 |
2003 (forecast) |
% change between 2000-2003 |
Turnover Sernam’s express in million € |
[…] |
[…] |
[…] |
[…] |
[…] |
Sernam’s mail turnover in million € |
[…] |
[…] |
[…] |
[…] |
[…] |
Ratio: Sernam’s express/traditional mail |
[…] |
[…] |
[…] |
[…] |
|
Turnover express + mail(29) |
[…] |
[…] |
[…] |
[…] |
|
Turnover express(29) |
[…] |
[…] |
[…] |
[…] |
|
% share mail(29) |
[…] |
[…] |
[…] |
[…] |
|
Turnover-3 |
|
|
|
|
|
Express mail data in points (base 100 in 2000) (data corrected for market effects) |
2000 |
2001 |
2002 |
2003 |
% change between 2000-2003 |
Sernam express (corrected for market effects) |
[…] |
[…] |
[…] |
[…] |
[…] |
Sernam mail (corrected for market effects) |
[…] |
[…] |
[…] |
[…] |
[…] |
express/mail ratio (corrected for market effects) |
[…] |
[…] |
[…] |
[…] |
|
4.9. Staff reduction
|
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
Decision of 23 May 2001 |
5 050 |
|
|
3 900 |
|
2 600 |
|
Sernam’s staff on 31 Dec. |
|
|
4 257 |
3 800 |
3 259 |
2 995 |
[…] |
4.10. Closure and reorganisation of sites
|
1999 |
2000 (31 Dec.) |
2001 (30 June) |
Target end 2002 |
Target end 2003 |
|
|
Targets decision of 23 May 2001 |
107 |
87 |
80 |
74 |
72 |
32.71% |
|
(on 31 Dec. of each year) |
|
2001 (31 Dec) |
2002 (31 Dec) |
|
2003 (31 Dec) |
2004 (31 Dec) |
2005 (31 Dec) |
Number of Sernam’s sites |
|
87 |
74 |
|
62 |
61 |
61 |
% change between 1999 and 2005 |
|
|
|
|
|
|
-43 |
4.11. Relocation and modernisation of remaining sites
4.12. New computer systems
4.13. From ‘traditional mail’ to ‘express’
4.14. From ‘road’ to ‘rail’ (Train Bloc Express)
|
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
CA TOTAL |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
of which partners’ contribution |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
TOTAL EXTERNAL SUBCONTRACTING |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
TOTAL INTERNAL SUBCONTRACTING |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
GROSS OPERATIONAL MARGIN |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
COSTS OF OPERATIONS |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
NET MARGIN |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
GENERAL & ADMINISTRATIVE COSTS |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
OPERATING RESULT |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
[…] |
4.15. Competition in SNCF’s newspaper, baggage and supplies contracts
5. SUMMARY OF NEW DEVELOPMENTS FOLLOWING SERNAM 1
6. ASSESSMENT
6.1. Existence of aid
6.1.1. Public resources
6.1.2. Imputability to the State
6.1.3. The other criteria of Article 87(1)
6.2. Legal basis
6.3. Compatibility
6.3.1. Structure of the analysis
6.3.2. Misuse of aid authorised by the Sernam 1 decision
6.3.3. Elements in conformity with the Sernam 1 decision
6.3.4. Eligibility for restructuring aid
6.3.5. Restoring viability
6.3.6. Preventing distortion of competition - Reduction of capacity
6.3.7. Preventing distortion of competition – Specific compensatory measures
6.3.8. Aid limited to the minimum
€ million |
Sernam 1 |
Change |
Sernam 2 |
Restructuring costs |
515 |
41 |
556 |
Total (1) |
515 |
|
556 |
€ million |
Sernam 1 |
Change |
Sernam 2 |
Financing of restructuring by SNCF |
448 |
|
448 |
Financing by Geodis |
67 |
- 67 |
0 |
Financing by Sernam |
|
67 |
67 |
Other funds to be provided by Sernam |
|
41 |
41 |
Total (2) |
515 |
|
556 |
|
|
|
|
Intensity of aid for restructuring Sernam 1 in % |
87 |
|
|
Intensity of aid for restructuring Sernam 1 in % |
|
|
81 |
|
|
|
|
Aid granted for contracts in € million |
55 |
|
55 |
Total (3) |
55 |
|
55 |
€ million |
Sernam 1 |
|
Sernam 2 |
Financing of restructuring by SNCF |
448 |
|
448 |
Aid granted for contracts in million € |
55 |
|
55 |
Total (4) Total amount of aid |
503 |
|
503 |