27 Aug 2021 07:00
The Go-Ahead Group plc 4 Matthew Parker Street, London, SW1H 9NPTelephone 020 7799 8999 |
PRESS RELEASE
27 August 2021
THE GO-AHEAD GROUP PLC
("GO-AHEAD" OR "THE GROUP")
Full year results publication date
The Group announces that its full year results for the year ended 3 July 2021 will now be published on 30 September 2021 (previously 9 September 2021). This revised date reflects ongoing discussions with the Department for Transport regarding the historic calculation of the Southeastern profit share over a number of years, as disclosed as a contingent liability in the Group's accounts for the year ended 27 June 2020, and related additional matters. Consequently, the Group and Deloitte, the Group's auditor, need additional time to finalise their procedures.
The Group's trading results for the year ended 3 July 2021 remain in line with the Board's previous expectations.
ENDS
For further information, please contact:
Investor Relations | 07835 691 828 |
Press office | 07977 343 846 |
GO-AHEAD
Go-Ahead is one of the leading UK public transport operator companies. Our purpose is to be the local partner taking care of journeys that enhance the lives and wellbeing of our communities across the world. Employing around 30,000 people across our businesses, typically over 1.2 billion passenger journeys are undertaken on our rail and bus services every year. In addition to the travelling public, our customers include governments and local authorities. We are committed to contributing to tackling climate change, improving air quality and reducing social isolation, and aim to run a zero emission bus fleet by 2035.
BUS
Go-Ahead is one of the UK's largest bus operators. With a fleet of nearly 6,000 buses, we carry over two million passengers every day. We have a strong presence in London, with around 24 per cent market share, where we provide regulated services for Transport for London. Outside London, we principally serve high-density commuter markets, including the North East, Greater Manchester, East Yorkshire, East Anglia, South East and South West England. Internationally, we operate a bus contract in Singapore and two bus contracts in Ireland.
RAIL
The rail division operates two franchises in the UK, three contracts in Germany and one in Norway. In the UK, Southeastern and GTR (Govia Thameslink Railway) operate through our 65 per cent owned subsidiary, Govia, which is 35 per cent owned by Keolis. It is the largest rail operation in the UK, responsible for around 30 per cent of all UK passenger rail journeys through its rail franchises. In Germany and Norway, our contracts are run exclusively by Go-Ahead.