Good financial results, in line with expectations
Adjusted earnings per share* up 12.6% to 17.0 pence (2014: 15.1 pence)
Interim dividend per share up 9.4% to 3.5 pence (2014: 3.2 pence)
Investing for growth in regional UK bus markets
o new mobile-friendly website and digital functionality for customers
o smart multi-operator ticketing in English city regions
Accelerated expansion of megabus.com coach operations in Europe, while North American mileage rebalanced to current demand
New East Midlands Trains franchise and plan to extend West Coast Trains
Successful re-financing of £400m bonds, with good financial position maintained
Cautious outlook
o Recent revenue softer than expected in UK Bus regional operations
o Lower rate of rail and inter-city coach revenue growth since mid-November in UK/Europe
o Modest revision to full-year expectation of adjusted earnings per share
