Financial

Stagecoach interim – steady ahead

Stagecoach Group has published an interim management statement for the 40 weeks ended February 2.

Like-for-like revenue growth for the financial year to date in each of the Group’s main businesses was:

  • 4.6% for UK Bus (regional operations);
  • 3.1% for UK Bus in London;
  • 3.9% for UK rail;
  • 5.4% for North America, including Megabus.com; and
  • 5.7% for Virgin Rail Group. Stagecoach’s UK Bus (regional operations) division saw passenger volumes growth of 1.2%.

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ComfortDelGro record revenue

Announcing its audited results for the year ended December 31, 2013, Singapore-based ComfortDelGro said it achieved a record full-year revenue of $3.75bn (Singapore Dollars), an increase of 5.7% on the previous year. Overseas operations accounted for 40.5% of total group revenue.

Group operating profit increased by 3.4% to $426.3m, 48.9% of which was generated offshore. The overseas bus business accounted for 92.3% of group bus operating profit, with public scheduled bus operations in Singapore under SBS Transit incurring a $14.3m operating loss, the third consecutive year of losses.

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National Express ahead of growth targets

National Express ahead of growth targets

National Express ahead of growth targets

Highest revenue growth in core non-rail businesses National Express Group has released its full year results for the year ended December 31, 2013.

Profit before tax was ahead of target at £143.7m, but still a decline on the 2012 figure of £164.1m, reflecting the handover of the National Express East Anglia franchise during 2012. This figure includes a fourth consecutive year of record profit in the group’s core non-rail businesses.

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Go-Ahead on course to reach £100m bus operating profit target

Go-Ahead Group (GAG) has released its half year-results, which it says line up with management expectations. Bus operating profit was up 14.7% to £40.6m, with total operating profit rising 21.4% from £42.1m to £51.1m, with operating profit margin rising from 3.2% to 3.7%.

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Volvo Buses claims positive fourth quarter result

In continued weak markets Volvo Buses reported an operating income of SEK 50m for the fourth quarter 2013.

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Stagecoach continues organic growth

Revenue growth in North America remains highest of all divisions

Stagecoach continued to grow its regional UK bus division for the six months to October 31 with revenue up 3.3% to £504.3m compared to the same six months in 2012. Read More »

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Optare’s £23m refinance deal

Optare has announced a £23m refinance with Barclays.

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Souter Investments: “Exceptional returns”

Stagecoach co-founder has acquired some ‘attractive assets which are well placed to continue to grow strongly in the years to come’

Souter Investments says it continues to produce exceptional returns, generating a net return of 21% per annum over the three years to March 31, 2013.

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Profit down at Go-Ahead

Turnover at Go-Ahead Group was up £148m to £2,571.8m for the 12 months to 29 June. However, operating profit was down £7.7m to £102.5m. Profit before tax was also down £8m to £86.2m.

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Rotala Half Yearly Report

Rotala’s report makes good reading for shareholders, with interim dividend up 10% and earnings per share up 6%

Rotala’s report makes good reading for shareholders, with interim dividend up 10% and earnings per share up 6%

Rotala has released unaudited interim results for the six months to May 31, 2013.

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