US/UK/Canada

Share

Pick a time period -
Tags ( Active)

Half-year Report

FIRSTGROUP PLC HALF-YEARLY REPORT FOR THE 26 WEEKS TO 28 SEPTEMBER 2024 A robust operational and financial performance in H1 2025 leaves the Group slightly ahead of full year expectations, with the Board announcing an additional buyback programme.   Highlights   • Adjusted revenue growth to £649.6m (H1 2024 £634.8m) reflecting strong underlying performance in First Bus and good demand in First Rail open  access• Group adjusted operating profit £100.8m; H1 2024 was positively affected by an extra week of trading and a c.£13m uplift from higher than accrued

Acquisition of Lakeside Group

FIRSTGROUP PLC Acquisition of LAKESIDE GROUP   · FirstGroup has acquired Lakeside Group, a profitable, well-established Shropshire and Cheshire-based company that provides school, B2B and B2C private hire services, with a fleet of c.145 buses and coaches · Complementing the recent additions to the First Bus portfolio, this strategic acquisition will allow us to grow our coaching business and offers the potential to increase our presence in the West Midlands FirstGroup plc (the ‘Group’) is pleased to announce that it has acquired Shropshire-based Lakeside Group (‘Lakeside’)

Acquisition of Anderson Travel

FIRSTGROUP PLC Acquisition of Anderson Travel   · FirstGroup has acquired Anderson Travel, a highly experienced coach operator providing contracted school, private hire, mini coach and tour services in and around London · The operator has c.40 coaches of varying sizes with bases in central London and Heathrow · The acquisition will extend First Bus’ operational footprint and forms part of the Group’s strategy of targeted acquisitions to grow its share of the UK adjacent services market FirstGroup plc (the ‘Group’) is pleased to announce that it has acquired Anderson

2024 AGM Statement

FIRSTGROUP PLC 2024 AGM STATEMENT   FirstGroup plc (‘FirstGroup’ or ‘the Group’) will be holding its Annual General Meeting (‘AGM’) at 14:30 today.   Trading Ahead of the AGM, the Group notes that its overall trading performance for the financial year-to-date has been in line with the expectations we outlined at our full year results on 11 June 2024.   London Cable Car Operation On 28 June 2024, the Group successfully took over the operation of the IFS Cloud London Cable Car on behalf of Transport for London (‘TfL’). The contract has an initial core five-year term

Results for the 53 weeks ended 30 March 2024

FIRSTGROUP PLC results FOR THE 53 WEEKS TO 30 march 2024   Material increase in Group profit driven by continued progress in both First Bus and First Rail further underpinning the Group’s strong balance sheet:   • Significant increase in Group adjusted operating profit to £204.3m (FY 2023: £161.0m) includes extra week of trading and receipt of higher than accrued FY 2023 variable fees in First Rail (c.£13m)• Adjusted EPS of 16.7p (FY 2023: 11.6p) enhanced by repurchases of 80.6m shares during FY 2024• Final dividend of 4.0p per share recommended; FY 2024

Award of London Cable Car contract

FIRSTGROUP PLC Award of London cable car contract   FirstGroup plc ('FirstGroup' or the 'Group') is pleased to announce that it has been awarded the contract by Transport for London (‘TfL’) to operate the IFS Cloud London Cable Car that links the Greenwich Peninsula with the Royal Docks area on the north bank of the River Thames.   The contract will commence on 28 June 2024 and has an initial core five-year term with the option to extend for a further three years. The Group anticipates revenues of c.£60m over the eight-year period of the contract, with patronage risk taken by

Pre Close Trading Update

FIRSTGROUP PLC pre close Trading update   FirstGroup plc ('FirstGroup' or the 'Group') today provides an update on trading since the half year results published on 23 November 2023.   First Rail overview Trading in the First Rail division has been slightly ahead of the Group’s expectations due to strong performance in the division’s Open Access operations as a result of continued strong demand, effective yield management, and the settlement of certain one-off infrastructure and other claims during the period.   Open Access growth On 5 January 2024, the Group

Agreement to acquire York Pullman Bus Company

FIRSTGROUP PLC agreement to acquire york pullman bus company   · Agreement to acquire York Pullman Bus Company Ltd, a high-performing operator of coaches and buses, providing contracted and private hire services in areas across North Yorkshire from several depot locations · The Acquisition will enhance the First Bus operational footprint in the North Yorkshire region and provide profitable growth opportunities in adjacent services markets · Completion of the Acquisition is expected in the next few weeks subject to customary regulatory review FirstGroup plc (the ‘Group’)

Green Hire Purchase Facility and further bond purchases

FIRSTGROUP PLC Green hire purchase facility and further bond purchases FirstGroup plc (the ‘Group’) is pleased to announce that it has signed a new, innovative £150m Green Hire Purchase Financing Facility with a syndicate of three banks to support the purchase of electric bus bodies (the chassis and drivetrain, excluding the battery) (the “Facility”). This follows the strategic Joint Venture with Hitachi to purchase up to 1,000 electric bus batteries announced by the Group in November 2023. The Facility provides the funding for electric bus bodies, net of any government co-funding

Analyst and investor site visit

FIRSTGROUP PLC analyst and investor site visit   FirstGroup plc (‘the Group') is today hosting an analyst and investor event at its First Bus depot in Leicester to provide detail on the electrification of the First Bus fleet and infrastructure.   The Group has accelerated its investment in electrification as First Bus progresses towards its 2035 decarbonisation target; in FY 2024 alone, the Group has committed net investment of £105m for electric buses and infrastructure, supported by co-funding of £82m. We will have more than 600 electric buses (c.15% of our fleet) and four

Post close trading update

FIRSTGROUP PLC post close Trading update   FirstGroup plc ('FirstGroup' or the 'Group') today provides a post close update on trading for the 27 weeks to 30 September 2023.   First Rail Demand for the division’s open access operations (Lumo and Hull Trains) has been stronger than anticipated due to increased leisure travel during the summer period. In addition, the final variable fee payments due for the division’s management fee-based contracts for the FY 2023 fiscal year have now been agreed with the Department for Transport (‘DfT’) at a rate ahead of the amounts accrued

National Rail Contract for West Coast Partnership

FIRSTGROUP PLC NATIONAL RAIL CONTRACT FOR WEST COAST PARTNERSHIP FirstGroup plc (‘FirstGroup’ or ‘the Group’) is pleased to announce that a new National Rail Contract (‘NRC’) has been agreed with the Department for Transport (‘DfT’) for the West Coast Partnership (‘WCP’), which is a partnership between FirstGroup (70%) and Trenitalia UK Ltd (30%).   The WCP NRC comprises Avanti West Coast (‘Avanti’) and the West Coast Partnership Development (‘WCPD’), the shadow operator for the HS2 programme. Key terms of the new contract are as follows:   · The new NRC will commence on

2023 AGM Statement

FIRSTGROUP PLC 2023 AGM STATEMENT   FirstGroup plc (‘FirstGroup’ or ‘the Group’) will be holding its Annual General Meeting (‘AGM’) at 14:30 today.   Ahead of the AGM, the Group notes that its overall trading performance for the financial year-to-date has been in line with the expectations we outlined at our full year results on 8 June 2023.   As at 20 July 2023, £70.9m of the £75m on-market share buyback programme launched in December 2022 has been completed. As previously announced, upon completion of the £75m buyback programme, the Group will launch an additional on-

There are no items matching the current filter
There are no more items matching the current filter
Back to top

Subscribe