Latest News

Trainline confirms guidance as ticket sales and revenue beat pre-pandemic levels


Trainline confirms guidance as ticket sales and revenue beat pre-pandemic levels By Proactive Investors

Breaking News


Economy 18 minutes ago (Sep 15, 2022 08:42)

© Reuters. Trainline confirms guidance as ticket sales and revenue beat pre-pandemic levels

Trainline PLC said ticket sales and revenue more than doubled in the past six months, reflecting a “strong post-Covid recovery” for the rail industry across Europe.

The online provider of rail tickets reconfirmed improved guidance expectations for the year to February 2023, with net ticket sales expected to grow between 18% and 27% on pre-pandemic levels, revenue to grow between 22% and 31%, and adjusted EBITDA to grow between 1.9% and 2.1%.

For the six months to the end of August, net ticket sales grew 116% year-on-year to £2.2bn in the first half of 2023, 17% higher than the pre-Covid period in the 2019-20 financial year.

As ticket sales recovered, revenue jumped 112% to £165mln, 28% above the first half of FY2020.

UK consumer net ticket sales were £1.4bn, 100% higher year-on-year, and 45% higher than first half of fiscal 2020, reflecting the continued recovery in passenger volume, with UK industry passenger volume peaking at 95% of pre-Covid levels in August, “its highest level since March 2020.”

UK consumer revenue increased 93% year-on-year to £88mln, 30% higher than first half of fiscal 2020.

International consumer were up 81% to £452mln compared to first half of fiscal 2020, driven by a “resurgence of global inbound customers from the US”.

“Our strong performance in the first half was led by international consumer, where new product launches and brand campaigns are helping drive increased awareness of Trainline and record levels of customer acquisition in France and Italy,” said Jody Ford, chief executive.

This month will see the launch of ticket sales with new Spanish high-speed rail operator Iryo, ahead of its launch later this year, Ford added.

Trainline said it has revised its segmentation reporting, primarily to improve the allocation of costs between its business units and better reflect the operation of the business.

Shares of the company were trading down 1.93% to 357.26p.

Read more on Proactive Investors UK


Trainline confirms guidance as ticket sales and revenue beat pre-pandemic levels

Dollar firms with Fed in focus, yen slips backBy Reuters – Sep 15, 2022

By Rae Wee and Alun John SINGAPORE/LONDON (Reuters) – The dollar held near recent peaks on Thursday, supported by expectations the U.S. Federal Reserve will continue to tighten…

European shares claw back losses after sharp selloffBy Reuters – Sep 15, 2022

(Reuters) – European shares inched higher on Thursday, supported by banks, as markets showed some signs of recovery from a sharp selloff triggered by bets of aggressive interest…

Banks, miners lift London’s FTSE 100 after slumpBy Reuters – Sep 15, 2022

(Reuters) – UK’s FTSE 100 rose on Thursday on gains in banking and mining stocks, while oil major Shell (LON:RDSa) ticked higher after naming renewables boss Wael Sawan as its new…

Our Apps

Terms And Conditions
Privacy Policy
Risk Warning

© 2007-2022 Fusion Media Limited. All Rights Reserved.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

UK’s Kwarteng considering end to cap on banker bonuses

Previous article

UK public inflation expectations at record high for coming year – BoE survey

Next article

You may also like


Leave a reply

Your email address will not be published.

More in Latest News