FirstGroup have warned that a north-south divide is opening up in its UK bus business, with growth slowing in Scotland and northern England. The Aberdeen-based operator blamed the weak economy and lower consumer spending in the north, where it has more urban than rural services.
Tag Archives: Revenue
Go-Ahead growth boosted by smartcard
Revenue growth of 3.5% expected, bus operations both in and outside London “performing well” says Big Five operator Go-Ahead Group plc is expecting to achieve revenue growth of around 3.5% for the first half of the financial year, it reported in a trading statement last week. Announcing its pre-close trading update for the six months [...]
FirstGroup steady ahead of large future investment
Overall revenue grew to £3,168.8m and 1,000 buses will be on order over the next two years FirstGroup has reported overall revenue grew to £3,168.8m (up 3.2% from £3,069.9 in 2010), in its financial statement for the six months leading to September 30, 2011. Key findings show:
Posted in Financial, News Also tagged Financial Statement, First Student, FirstGroup, Greyhound, Investment Leave a comment
National Express grows across all divisions
Organic growth across all divisions. Revenue rises 5% National Express Group PLC has released its interim management statement for the nine months ending September 30, 2011. The operator achieved organic growth in all divisions, with a 5% rise in revenue on the previous year. There were also further improvements in profit margins and cost savings.
Stagecoach revenue up across the board
Stagecoach Group plc released a trading update on November 1, 2011. Like-for-like revenue growth for each of the group’s divisions was as follows:
40% growth for Edwards Coaches
Pontypridd-based Edwards coaches in South Wales has seen a 40% increase in its holiday business revenues during the nine months to October. The firm acquired Swansea-based Diamonds Holidays out of administration in January. The failed business, which included Brian Isaac Coaches, had a combined turnover of £10.8m.
Rotala revenues rise
Preston bus acquisition boosts half-yearly results Rotala has released its half yearly financial results for the six months to May 31, 2011. Revenues rose by 18% to a total of £26.6m (2010: £22.5m). This rise in revenue occurred in both Rotala’s major business streams, Diamond Bus and Wessex Connect, and was attributed partly to the [...]
Posted in Financial Also tagged Diamond Bus, Financial Results, John Gunn, Optare, Preston Bus Limited, Rotala, Stagecoach, Wessex Connect Leave a comment
