Flix clocks 2 billion euros in revenue in 2023

Germany-based travel technology Flix SE clocked an annual revenue growth of 30% on year in 2023 to reach 2 billion euros with robust passenger growth. The company’s adjusted EBITDA rose 7% to 104 million euros while its EBITDA margin came in at 5.2%.

Flix noted that 81 million passengers traveled last year to over 5.600 destinations with FlixBus, FlixTrain, Greyhound, and Kamil Koc, representing a growth of 34% compared to 2022.

“Flix recorded a strong operational and financial performance across all its segments, including FlixBus, FlixTrain and the services under the Kamil Koc brand in Türkiye and Greyhound in North America,” the company said in a press release.

In February, the company FlixBus launched operations in India with 200 connections to 46 cities every day.