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    <link:label id="lab_fnm_AltreVariazioniNeiCreditiFinanziari_label_it" xlink:label="lab_fnm_AltreVariazioniNeiCreditiFinanziari" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Altre Variazioni Nei Crediti Finanziari</link:label>
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    <link:label id="lab_fnm_EntitysTotalForRelatedPartyMember_label_it" xlink:label="lab_fnm_EntitysTotalForRelatedPartyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Entitys Total For Related Party [Member]</link:label>
    <link:label id="lab_fnm_EntitysTotalForRelatedPartyMember_documentation_it" xlink:label="lab_fnm_EntitysTotalForRelatedPartyMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Entitys Total For Related Party</link:label>
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    <link:label id="lab_ifrs-full_FinanceIncomeCost_82a5ef27-83be-496e-b984-868040764fff_totalLabel_it" xlink:label="lab_ifrs-full_FinanceIncomeCost" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">RISULTATO GESTIONE FINANZIARIA</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinanceIncomeCost" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_FinanceIncomeCost"/>
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    <link:label id="lab_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax_b36fbb31-bba3-45e1-aaf6-b740a377abb0_totalLabel_it" xlink:label="lab_ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Quota delle altre componenti di conto economico complessivo di società collegate e joint venture contabilizzate con il metodo del patrimonio netto che sarà riclassificata nell'utile (perdita) d'esercizio, al netto delle imposte</link:label>
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    <link:label id="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets_a26109e2-99a0-404a-af2c-2cb0107db2e5_negatedLabel_it" xlink:label="lab_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Acquisto di immobili, impianti e macchinari, attività immateriali diverse dall'avviamento, investimenti immobiliari e altre attività non correnti</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets"/>
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    <link:label id="lab_fnm_AmortizationRightOfUse_label_it" xlink:label="lab_fnm_AmortizationRightOfUse" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Amortization Right of Use</link:label>
    <link:label id="lab_fnm_AmortizationRightOfUse_documentation_it" xlink:label="lab_fnm_AmortizationRightOfUse" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Amortization Right of Use</link:label>
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    <link:label id="lab_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities_6630cabe-2caf-475b-92c1-79a0736f967f_negatedLabel_it" xlink:label="lab_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Purchase of financial instruments, classified as investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:to="lab_ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities_5b13379d-4385-4f4e-8631-3c322eec334b_totalLabel_it" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Totale flusso di cassa da attività operative</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment_72f059d1-b738-42c0-bc60-3522a0f4e315_negatedLabel_it" xlink:label="lab_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Rettifiche per utili (perdite) derivanti dalla dismissione di immobili, impianti e macchinari</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment"/>
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    <link:label id="lab_ifrs-full_PurchaseOfInterestsInInvestmentsAccountedForUsingEquityMethod_a332c168-b56c-4a76-8a9f-ba88e1b379d9_negatedLabel_it" xlink:label="lab_ifrs-full_PurchaseOfInterestsInInvestmentsAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Purchase of interests in investments accounted for using equity method</link:label>
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    <link:label id="lab_ifrs-full_CashAdvancesAndLoansMadeToRelatedParties_d45cb5b6-907f-4ddc-ab59-0ea4dd60a73c_negatedLabel_it" xlink:label="lab_ifrs-full_CashAdvancesAndLoansMadeToRelatedParties" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Cash advances and loans made to related parties</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAdvancesAndLoansMadeToRelatedParties" xlink:to="lab_ifrs-full_CashAdvancesAndLoansMadeToRelatedParties" xlink:type="arc" order="1"/>
    <link:label id="lab_fnm_ToRelatedPartiesMember_label_it" xlink:label="lab_fnm_ToRelatedPartiesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">To Related Parties [Member]</link:label>
    <link:label id="lab_fnm_ToRelatedPartiesMember_documentation_it" xlink:label="lab_fnm_ToRelatedPartiesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">To Related Parties</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fnm_ToRelatedPartiesMember" xlink:to="lab_fnm_ToRelatedPartiesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_fnm_IncassoFinanziamentoInvestimentoMaterialeRotabile_label_it" xlink:label="lab_fnm_IncassoFinanziamentoInvestimentoMaterialeRotabile" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Incasso finanziamento investimento materiale rotabile</link:label>
    <link:label id="lab_fnm_IncassoFinanziamentoInvestimentoMaterialeRotabile_documentation_it" xlink:label="lab_fnm_IncassoFinanziamentoInvestimentoMaterialeRotabile" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Incasso finanziamento investimento materiale rotabile</link:label>
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    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities_13c8eda9-3b81-468e-956c-a52cbcedeab5_totalLabel_it" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Totale flusso di cassa per attività di finanziamento</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities"/>
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    <link:label id="lab_ifrs-full_InterestPaidClassifiedAsFinancingActivities_94ad9e70-37a7-407b-912d-699e50d58d55_negatedLabel_it" xlink:label="lab_ifrs-full_InterestPaidClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Interessi pagati, classificati come attività di finanziamento</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_InterestPaidClassifiedAsFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InterestPaidClassifiedAsFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_InterestPaidClassifiedAsFinancingActivities" xlink:to="lab_ifrs-full_InterestPaidClassifiedAsFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_fnm_InvestimentiInBeniDevolvibiliPerInfrastrutturaAutostradale_5e693ce5-b042-481f-9573-35e8fca6c527_negatedLabel_it" xlink:label="lab_fnm_InvestimentiInBeniDevolvibiliPerInfrastrutturaAutostradale" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Investimenti in beni devolvibili per infrastruttura autostradale</link:label>
    <link:label id="lab_fnm_InvestimentiInBeniDevolvibiliPerInfrastrutturaAutostradale_label_it" xlink:label="lab_fnm_InvestimentiInBeniDevolvibiliPerInfrastrutturaAutostradale" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Investimenti in beni devolvibili per infrastruttura autostradale</link:label>
    <link:label id="lab_fnm_InvestimentiInBeniDevolvibiliPerInfrastrutturaAutostradale_documentation_it" xlink:label="lab_fnm_InvestimentiInBeniDevolvibiliPerInfrastrutturaAutostradale" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Investimenti in beni devolvibili per infrastruttura autostradale</link:label>
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    <link:label id="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities_774338f6-3ab4-4036-99d3-8e3321317c06_negatedLabel_it" xlink:label="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Pagamenti delle passività dei leasing, classificati come attività di finanziamento</link:label>
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    <link:label id="lab_fnm_ReleaseOfBadDebtProvision_07bb1a26-4f52-4aeb-9c8a-8f54d4d0a298_negatedLabel_it" xlink:label="lab_fnm_ReleaseOfBadDebtProvision" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Release of Bad Debt Provision</link:label>
    <link:label id="lab_fnm_ReleaseOfBadDebtProvision_label_it" xlink:label="lab_fnm_ReleaseOfBadDebtProvision" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Release of Bad Debt Provision</link:label>
    <link:label id="lab_fnm_ReleaseOfBadDebtProvision_documentation_it" xlink:label="lab_fnm_ReleaseOfBadDebtProvision" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Release of Bad Debt Provision</link:label>
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    <link:label id="lab_fnm_InteressiSuPrestitoObbligazionarioPagati_documentation_it" xlink:label="lab_fnm_InteressiSuPrestitoObbligazionarioPagati" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Interessi Su Prestito Obbligazionario Pagati</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ProfitLoss"/>
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    <link:label id="lab_fnm_IncassoFinanziamentoInvestimentoInfrastrutturaFerroviaria_label_it" xlink:label="lab_fnm_IncassoFinanziamentoInvestimentoInfrastrutturaFerroviaria" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Incasso finanziamento investimento infrastruttura ferroviaria</link:label>
    <link:label id="lab_fnm_IncassoFinanziamentoInvestimentoInfrastrutturaFerroviaria_documentation_it" xlink:label="lab_fnm_IncassoFinanziamentoInvestimentoInfrastrutturaFerroviaria" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Incasso finanziamento investimento infrastruttura ferroviaria</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fnm_IncassoFinanziamentoInvestimentoInfrastrutturaFerroviaria" xlink:href="fnm-2022-12-31.xsd#fnm_IncassoFinanziamentoInvestimentoInfrastrutturaFerroviaria"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fnm_IncassoFinanziamentoInvestimentoInfrastrutturaFerroviaria" xlink:to="lab_fnm_IncassoFinanziamentoInvestimentoInfrastrutturaFerroviaria" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PurchaseOfInterestsInAssociates_fc24bb76-637a-4839-b9b2-1c09d3ede018_negatedLabel_it" xlink:label="lab_ifrs-full_PurchaseOfInterestsInAssociates" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Acquisto di partecipazioni in società collegate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PurchaseOfInterestsInAssociates" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PurchaseOfInterestsInAssociates"/>
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    <link:label id="lab_fnm_InvestimentoInMaterialeRotabileFinanziatoAlNettoDeiContributiIncassati_0c0aed25-cd56-4a24-83a4-7305de8278ea_negatedLabel_it" xlink:label="lab_fnm_InvestimentoInMaterialeRotabileFinanziatoAlNettoDeiContributiIncassati" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Investimento In Materiale Rotabile Finanziato al Netto Dei Contributi Incassati</link:label>
    <link:label id="lab_fnm_InvestimentoInMaterialeRotabileFinanziatoAlNettoDeiContributiIncassati_label_it" xlink:label="lab_fnm_InvestimentoInMaterialeRotabileFinanziatoAlNettoDeiContributiIncassati" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Investimento In Materiale Rotabile Finanziato al Netto Dei Contributi Incassati</link:label>
    <link:label id="lab_fnm_InvestimentoInMaterialeRotabileFinanziatoAlNettoDeiContributiIncassati_documentation_it" xlink:label="lab_fnm_InvestimentoInMaterialeRotabileFinanziatoAlNettoDeiContributiIncassati" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Investimento In Materiale Rotabile Finanziato al Netto Dei Contributi Incassati</link:label>
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    <link:label id="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges_703952db-1d3b-4d25-a782-23866395f329_totalLabel_it" xlink:label="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="it">Liquidità generata (+) / assorbita (-)</link:label>
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