GOG.L Share News (GOG)

(Sharecast News) - Public transport firm Go-Ahead Group said on Monday that its financial results for the year ended 3 July remained in line with the board's expectations despite delays to their publication.
However, in terms of recent trading, Go-Ahead, which expects to publish its full-year earnings before the end of December, said that it had seen regional bus volumes increase between 70-80% in the first four months over the year, and added that it had seen "a slight slowing" in the recovery in recent weeks.

As far as its London and international bus unit was concerned, Go-Ahead said the division has "continued to perform well", with over 95% of expected full-year revenue already being secured.

Turning to rail, the London-listed firm said its GTR unit was performing well, with good levels of customer satisfaction, while its German rail improvement plans in Baden-Württemberg were progressing "as expected". Norwegian passenger volumes remained surpassed at roughly 60% of expected levels.

The pail division as a whole was projected to operate at around breakeven for the current financial year.

Looking forward, Go-Ahead said: "The group's priority over the coming months is helping passengers return to our services. A flexible, reliable and customer-focused public transport network is vital to the UK's economic recovery and in achieving the Government's ambitious climate change targets.

"The group has an important purpose, a resilient business model and remains in a strong financial position as we emerge from the pandemic."

As of 0935 GMT, Go-Ahead shares were down 3.31% at 789.0p.