Overview
National Express remains firmly on target to deliver revenue and profit growth in 2011 in every one of its divisions. Trading across the Group remains strong and full year profit is expected to be in line with the Board's previous expectations.
Flexibility in our networks and fleet operations, a focus on optimising costs and selective investment in new services and growth opportunities combine with secure, long-term funding and cash liquidity to create a resilient, highly effective public transport business. Our strategy ensures that we are well positioned to deliver significant earnings growth in our non-rail businesses in 2012.
Dean Finch, Group Chief Executive, commented:
"National Express is finishing 2011 in excellent shape. We are growing revenue and profit in all five of our divisions. We continue to invest in new fleet and offer exceptional value to our customers, enhancing the quality of our services at prices our passengers can afford. As recent passenger growth has shown, our customers value our competitive pricing during this period of economic uncertainty. This strong foundation, coupled with a clear cost focus and the operational flexibility of our business, leaves us well positioned to pursue new opportunities to deliver value to shareholders in the future."
