Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNEX.L Regulatory News (NEX)

  • There is currently no data for NEX

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

National Express operating German rail services

14 Dec 2015 07:03

RNS Number : 9158I
National Express Group PLC
14 December 2015
 

National Express begins operating first German rail services

National Express Group PLC ("National Express") has begun operating services on its first two German rail contracts, on the Rhine Munster Express route. The two lines serve the North Rhine-Westphalia region, including the important commuter cities of Cologne and Bonn:

· The RE 7 regional express line serves Krefeld - Cologne - Wuppertal - Hagen - Hamm - Munster - Rheine

· The RB 48 line serves Bonn-Cologne-Wuppertal.

National Express launched with 34 new Talent 2 electric trains built by Bombardier. The new trains were procured by National Express on behalf of the local authorities.

National Express won the two contracts in February 2013. The contracts are for 15 years and will generate revenues of around €1.6 billion across the period.

National Express took over operation of the contracts at midnight on Sunday 13 December from previous operator Deutsche Bahn. National Express will carry an estimated 18 million passengers per year.

Dean Finch, National Express Group Chief Executive, said: "Germany is Europe's largest rail market and is an important part of our strategy. I am delighted that after significant planning and preparation we have started running services. We will be implementing our approach and success in running the UK's best performing franchise, c2c, in Germany. National Express' aim is to deliver a better, more frequent and reliable service to RME passengers with brand new, modern trains.

 

"The German rail market presents significant further opportunity for National Express. We are working on the start-up of our next two German rail contracts on the Rhine-Ruhr Express. These bring our already secured revenues from German rail to €2.6 billion. We await the outcome of the appeal on the €1.4 billion Nuremberg S-Bahn contract, have recently submitted a bid for another German rail contract and see an active pipeline of attractive opportunities throughout 2016."

Enquiries

National Express Group PLC

Anthony Vigor, Director of Policy and External Affairs 07767 603386

Louise Richardson, Investor Relations Manager 07827 807766

Maitland

Rebecca Mitchell 07951 057351

Notes

The contracts were let by three local authorities: Verkehrsverbund Rhein-Ruhr (Dusseldorf area); Nahverkehr Westfalen-Lippe (Rheine and Munster area); and Nahverkehr Rheinland (Cologne and Bonn area). The process was led by the Verkehrsverbund Rhein-Ruhr authority.

National Express Group PLC ("National Express" or the "Group"), is a leading international public transport group, operating bus, coach, rail and tram services across the UK, continental Europe, North Africa, North America and Bahrain.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCFFESWLFISESE
Date   Source Headline
20th Jun 202311:21 amRNSChange of Name
16th Jun 20232:51 pmRNSHolding(s) in Company
14th Jun 20239:02 amRNSHolding(s) in Company
2nd Jun 20237:00 amRNSDirector/PDMR Shareholding
10th May 20234:11 pmRNSResult of AGM
10th May 20237:00 amRNSChange of Name
19th Apr 20237:00 amRNSQ1 Trading Update
14th Apr 202312:43 pmRNSHolding(s) in Company
3rd Apr 20239:16 amRNSTotal Voting Rights
30th Mar 20233:54 pmRNSHolding(s) in Company
30th Mar 20231:21 pmRNSHolding(s) in Company
30th Mar 20231:17 pmRNSHolding(s) in Company
28th Mar 20234:33 pmRNSHolding(s) in Company
28th Mar 20232:11 pmRNSDirector/PDMR Shareholding
27th Mar 20235:34 pmRNSHolding(s) in Company
27th Mar 202310:12 amRNS2022 Annual Report and Notice of 2023 AGM
20th Mar 20234:52 pmRNSHolding(s) in Company
17th Mar 20234:32 pmRNSDirector/PDMR Shareholding
2nd Mar 20237:00 amRNSFinal Results
9th Feb 20237:00 amRNSNotice of FY22 Results Presentation
23rd Jan 20237:00 amRNSEUR1 Billion German Rail Contract Award
3rd Jan 202311:02 amRNSTotal Voting Rights
5th Dec 20227:00 amRNSAPPOINTMENT OF GROUP CFO
20th Oct 20227:00 amRNSTrading Statement
3rd Oct 20229:15 amRNSDirector/PDMR Shareholding
3rd Oct 20229:11 amRNSTotal Voting Rights
8th Sep 20227:01 amRNSAPPOINTMENT OF INTERIM GROUP CFO
8th Sep 20227:00 amRNSAPPOINTMENT OF CHAIR DESIGNATE
5th Sep 20224:22 pmRNSDirector/PDMR Shareholding
15th Aug 202212:54 pmRNSDirector/PDMR Shareholding
10th Aug 20227:04 amRNSDirectorate Change
4th Aug 20223:27 pmRNSHolding(s) in Company
1st Aug 202211:32 amRNSDirector/PDMR Shareholding
28th Jul 20227:00 amRNSHalf-year Report
1st Jul 20228:31 amRNSTotal Voting Rights
28th Jun 20221:01 pmRNSHolding(s) in Company
23rd Jun 202210:23 amRNSDirector/PDMR Shareholding
13th Jun 20221:43 pmRNSPublication of a Prospectus
10th Jun 20223:43 pmRNSDirector/PDMR Shareholding
9th Jun 20223:16 pmRNSHolding(s) in Company
7th Jun 20227:00 amRNSTrading Statement
24th May 20221:56 pmRNSForm 8.3 - Stagecoach Group plc
24th May 20221:48 pmRNSForm 8.3 - National Express Group plc
23rd May 20223:52 pmRNSForm 8.3 - STAGECOACH GROUP PLC
23rd May 20223:49 pmRNSForm 8.3 - National Express Group plc
23rd May 20223:31 pmRNSForm 8.3 -National Express Group plc
23rd May 20223:20 pmRNSForm 8.3 - National Express Group plc
23rd May 20221:51 pmGNWForm 8.3 - National Express Group PLC
23rd May 20221:29 pmRNSForm 8.3 - National Express Group Plc
23rd May 202211:35 amGNWHSBC Bank Plc - Form 8.5 (EPT/RI) - National Express Group plc

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.