23 Apr 2012 07:00
Stagecoach Group plc
Pre-close trading update
Stagecoach Group plc ("the Group") is today publishing a trading update in advance of a series of meetings with analysts.
Financial performance
The overall profitability of the Group has remained good.
Like-for-like revenue growth for the financial year to date in each of the Group's main businesses is provided below.
UK Bus - forty eight weeks ended 1 April 2012 2.7%
(regional operations)
UK Rail - forty eight weeks ended 1 April 2012 8.8%
(excluding tram businesses)
North America - eleven months ended 31 March 2012 14.0%
(including megabus.com)
Virgin Rail Group - forty eight weeks ended 1 April 2012 7.9%
Outlook
Overall current trading remains good. We believe the prospects for the Group remain positive and that each of the Group's wholly owned divisions remain well placed to at least maintain their level of operating profit in the year to 30 April 2013.
Preliminary results announcement
The Group intends to announce its preliminary results for the year to 30 April 2012 on Tuesday 26 June 2012.
For further information, please contact:
Stagecoach Group plc www.stagecoachgroup.com
Analysts
Martin Griffiths, Finance Director 01738 442111
Ross Paterson, Director of Finance & Company Secretary 01738 442111
Media
Steven Stewart, Director of Corporate Communications 07764 774680
Notes
(1) Like-for-like revenue growth is derived, on a constant currency basis, by comparing year-to-date revenue with the equivalent prior year period for those businesses and individual operating units that have been part of the Group throughout both periods.
(2) This announcement contains certain forward-looking statements with respect to the financial performance, financial position and businesses of Stagecoach Group plc. These statements and forecasts involve risk, uncertainty and assumptions because they relate to events and depend upon circumstances that will occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements. These forward-looking statements are made only as at the date of this announcement. Except as required by law, Stagecoach Group plc has no obligation to update the forward-looking statements or to correct any inaccuracies therein.