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Growth reported at Go-Ahead

Growth reported at Go-Ahead Growth reported at Go-Ahead
Trading at the Go-Ahead Group in the third quarter has been solid and the group says its expectations for the full year to 30 June 2012 remain unchanged.

In an interim management statement covering the period from 1 January to 25 April group chief executive David Brown says: “I am pleased to report continued growth in both our bus and rail divisions. In bus, our focus of operating in urban areas, predominantly in the south-east, combined with our strategy of local management and marketing has continued to deliver growth. Our sector-leading London bus business performed strongly in the quarter and we were pleased to announce the acquisition of the Northumberland Park depot in North London, demonstrating our long term confidence in this market.”

Outside London, year to date revenue excluding acquisitions increased by around 4 per cent and passenger numbers were up around 3 per cent, with stronger growth in fare-paying passengers being partly offset by fewer concessionary travellers.

www.go-ahead.com

Photo: Go-Ahead chief executive David Brown.
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