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UK results bring cheer for National Express

08 August 2014
 

Strong performance in National Express Group’s UK bus, coach and rail divisions for the six months to 30 June 2014 was outweighed by unfavourable trading results in Spain and North America.

Group revenue was 1.8% down at £939.5m (2013: £956.7m), normalised operating profit decreased 7.9% to £89.5m (2013: £97.2m), and profit before tax dropped 8.8% to £65.5m (2013: £71.8m). However, net debt declined from £809.4m to £729.0m.

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