Member Info for barneysmb

No horror story but shame to see this can kicked down the road still...

Intensive discussions with the five PTAs have taken place over the past few weeks with all parties seeking to reach an agreement.

KPMG Appointed and...

Mobico Group PLC ("Mobico" or "Group") Trading Update for the three months ended 30 September 2025 ("Q3" or "the period")

· Group revenue YTD increased 5.4% versus the prior year

· Large scale cost reduction programme underway with further opportunities being explored across the Group

· On track to deliver adjusted operating profit guidance for the 12 months ending 31 December 2025 towards the lower end of the £180m to £195m range

· The Group has decided not to exercise its voluntary option to redeem the perpetual bond ("Hybrid")

Phil White, Group Executive Chair, said:

"We continue to focus on simplifying and strengthening the Group, taking decisive actions to improve operational and financial performance. These actions include a comprehensive cost savings programme, further leveraging ALSA's best practice across the business and exploring options to monetise the assets of the UK Bus business ahead of franchising. Discussions with German PTAs are continuing and we will provide an update in due course. We are on track to deliver on our guidance for the year of adjusted operating profit in the range of £180m to £195m, albeit we expect this will be towards the lower end due to the competitive environment for UK Coach, reduced passenger numbers in UK Bus and a loss-making WeDriveU contract in WMATA. The key priorities for our new leadership team remain strengthening the Group's balance sheet and improving profitability through our strategic initiatives."

ALSA

ALSA revenue increased 4.1% vs. Q3 24

Revenue increase driven by continued growth across the portfolio, including a strong performance in regional and urban contracts and a particularly strong performance in the health transport business. This growth was achieved against an excellent growth comparator of 23% in Q3 24.

Long Haul revenue increased 4.1%, driven by ongoing strong demand with passenger volumes up 1.2% in the nine main corridors and with occupancy down only 0.5% despite the ending of the discounted multi-voucher scheme.

Regional revenue increased 10.5%, driven by a 9.0% rise in passenger numbers in contracts subject to variable passenger demand. Revenue also benefited from government backed travel initiatives. Urban has also shown strong growth with revenue up 9.0% and passenger volumes up 10.7%. Diversification of transport activities within Spain continued as Health transport activities saw significant growth, driven by new contracts in the Basque country which were fully integrated earlier this year.

Revenue outside Spain increased by 3.5% as ALSA continues to diversify geographically.

ALSA continues to expand into the strategically important Middle East region, winning an eight year, €500m joint venture contract to operate Park & Ride and electric shuttle services connecting Riyadh and the new city of Qiddiya in Saudi Arabia. We are hopeful that t

Hopefully it's not going to be a copy/paste :-)

On track to achieve FY 24 adjusted Operating Profit guidance in the range of £185m to £205m

• Continuing growth in passenger demand has driven group revenue growth of 12% in

the period

• Previously announced productivity and cost reduction programmes on track to deliver

£40m in FY 24 and £50m annualised savings thereafter

• Plans for organic deleveraging progressing well, with £25m cash savings targeted in

FY 24 and £50m for FY 25

• Process for the planned divestment of North America School Bus business is on track,

and an update will be provided in due course

• Negotiations with the German PTAs are progressing

Negotiations with the German PTAs are on track to address the impact from those ongoing industry

challenges. Under the terms of the current contracts, all parties are motivated to find a sustainable

and commercially viable solution.

And parting shot from the Clown :-)

Ignacio Garat, Group Chief Executive, said:

“As we move into the closing months of the year, we are on-track to deliver FY 24 adjusted Operating

Profit in the range of £185m to £205m, in-line with our earlier guidance. Mobico is a portfolio business

engaged in delivering industry-leading, low-carbon transport solutions, and consequently improving

social mobility across all of the communities that we serve. As we move at pace to strengthen the

foundations of our business – including through our focus on reducing leverage – improving returns will

follow. We look forward to providing further updates on our progress.”

I'm expecting some drop, regardless of MCG update good or bad.

Ill-conceived idea at best, releasing on budget day.

Hoping bad news will get buried in the noise will be viewed as a deliberate attempt to downplay a negative trading update.

I'll still be here long term no matter what but it'll give a good insight into how honest the new lot are.

Not much movement but good to hear NX breaking the no-strike agreement even temporarily. Hard action needed.

https://www.eurailpress.de/nachrichten/betrieb-services/detail/news/verhandlungen-mit-aufgabentraegern-laufen-weiter.html#:~:text=14.,ist%20nun%20wieder%20Ruhe%20eingekehrt.

I unfiltered you Firepower as i wondered if you'd grown up and had something useful to add but i see the same old playbook

"state your losses / how much you down" etc etc

The real question is - why remain on a board where you're not invested, encouraging people to sell.

Back to filtered list along with the aliases.....

I'm with you wealthtrasfer.....what's more telling about Firepower is, he's not invested here......yet constantly screaming sell.

I can't think of any board i've ever stayed on and been active where i'm not invested it's not normal, therefore ulterior motive likely.

Firepower has been wrong on nearly all occasions - predicting near zero wipeout week to week. So now the share price drops a few pence and suddenly he's right lol.........

Investing isn't for everyone ......Firepower and his many aliases should give it a rest and stick to simpler things like lego.

Look at FirstGroup for example - way better managed yet 20% down in last 3 months. 10% drop today ahead of earnings report.

Would i prefer to have been invested in FGP ? Sure, but here we are......

Most shares are taking a hammering atm , this isn't unique to MCG. Even broad-based index funds are down.

As for shorters getting it right, the most recent 2 were reductions in shorts - so they clearly got it wrong.

I think we don't need reminding this is a dog of a share but i for one will wait and give time to see a turnaround.

@firepower1

133 posts -, zero analysis, All saying sell

Zero credibility

What in the rumplestiltskin is going on with some of these posts ?

@BridgeofDon - that a very insightful post ....for your first post ever

@notmygame - hope that wasn't a copy/paste directly from the email.....i can only assume you hand-typed that.

Yep FB are definitely contenders and if they had great customer service then NX would probably be finished.

NX does have a lot of gravitas though and despite price and probably less services is likely a lot of older generation first choice - and older folk have a higher disposable income.

NX pickup / drop off at proper terminals too whereas FB don’t always offer that.

Having said all that if rail is cheaper I’d jump on a train personally :-)

Initially when you see Flixbus prices, you'd think NX are overcharing.........but go read the reviews for Flixbus, it'll give you an idea of why they are cheap - and also why no one relies on them for anything other than insignificant trips, where either arriving at all arriving on time/or even the bus turning up, isn't important.

I used to work in Germany and regularly used rail there from 2017 to 2020 and my thoughts at the ticket, were that German rail is quite advanced and i honestly can say i NEVER experienced delays/cancellations - might be that issues are on certain routes & perhaps germans have higher expectations !

I suppose being British and being used to British Rail we've become a bit more de-sensitised to late trains/cancellation being normal .

Anyway - can't say DBG's CFO --> CEO will make any huge difference...good or bad.

Nothing necessarily to write home about, Evelyn Palla has been working for DBG since 2019, as CFO.

Wonder if Firepowers employers know how incompetent he is ? :-)

Who the hell hangs around on a message board for months when they've sold out completely ?

firepower1, what are you still doing here ??

No one's selling me old fruit, certainly not any of the LTH'ers.

Smokeytime aka Firepower ..... both routinely and consistently call it wrong, with zero analysis....expected.