Arriva grows turnover by £1 billion but overall margins slip as finance costs rise

Operating Cost Breakdown

Operating Cost Breakdown

Revenue

Revenue

Operating Profit

Operating Profit

TRANSPORT operating group Arriva recorded increased operating profits but lower margins during the year to December 31 2008, according to its annual report, on the back of continuing expansion which took total turnover up by a billion to over £3bn for the first time.

The group operates three basic divisions, covering respectively its local bus operations in the UK; the UK rail business which now comprises two franchises - the Wales and the Borders business run since December 2003, and...