RE: Q1 Trading Update30 Jan 2024 08:17
Group performance
The new financial year has started well with Group sales in the first quarter of £788m, up 21.2% on last year on a constant currency basis. Like-for-like sales growth of 14.3% reflected the further recovery of passenger numbers as well as the strength of our customer proposition and operational execution. Net contract gains of 6.9% were in line with expectations, as we mobilise our extensive secured pipeline, and include a contribution from acquisitions of 2.2%. Since the close of the first quarter, we have continued to see good trading momentum, notwithstanding the impact from industrial action which is expected to persist in both Continental Europe and the UK throughout the second quarter.