Stagecoach Group plc – Preliminary results for the year ended 30 April 2011

Posted: 29 June 2011 | Stagecoach | No comments yet

Stagecoach sees growing demand for their bus and rail services in the UK and North America…

Business highlights

  • Strong Group performance delivering good returns for shareholders
    – Adjusted earnings per share* up 27.3% to 23.8p
    – Full year dividend up 9.2% to 7.1p
  • Completing review of capital structure – will report conclusions in August 2011
  • Further expansion driving revenue growth in North America
  • Sector-leading profit margin and good passenger volume growth trends at UK Bus
  • UK Rail underpinned by operational delivery and customer satisfaction
  • Shortlisted for Greater Anglia and West Coast rail franchises; Virgin Rail Group in discussions about a franchise extension at West Coast
  • Positive outlook for the Group’s greener, smarter public transport services

Commenting on the results, Chief Executive, Sir Brian Souter, said:

“We are seeing growing demand for our bus and rail services in the UK and North America, with further evidence of modal shift as consumers look for better value and more convenient transport alternatives to the rising cost of motoring and increasing road congestion.

“The strong results we have achieved across the Group are the result of our successful organic growth strategy. We are focused on providing value-for-money products, continuing to invest heavily in our networks, and harnessing the power of the Internet, new technology and social media to attract new customers and make it easier for people to access our services.

“We look forward with confidence to the year ahead. Public transport is central to supporting economic growth and meeting the global challenge of climate change. In the UK, high quality public transport will be at the heart of the successful delivery of the London 2012 Olympic and Paralympic Games. We believe the outlook for our bus and rail services is positive.”

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