Sign up United Kingdom
National Express (LON:NEX)

National Express (LON:NEX)

Share Price
393.60 p
11.2 (2.93 %)
Market Cap
£2,014.20 m
Proactive Investors - Run By Investors For Investors

National Express RNS Release

Continued positive trading and new acquisitions

RNS Number : 1833Y
National Express Group PLC
04 December 2017

4 December 2017


Continued positive trading and new acquisitions sustain year end momentum


National Express Group PLC is pleased to announce that it has completed two small acquisitions in November; one each in the US and Spain. Both acquisitions will enable further expansion in target markets. They are:


·    A school bus and coach business with 204 vehicles, based in Cincinnati, Ohio. This acquisition strengthens our presence in Ohio, enabling us to grow our business further, as well as improve our service offering to our customers in Cincinnati.

·    A Madrid bus operator with 73 vehicles, that provides staff transfers for a large local airline and national bank headquarters; an urban transport contract in Azuqueca, Guadalajara; and, school bus services in Madrid.


Both businesses are expected to deliver returns in line with our guidance of 15-20%.


We continued to see a good trading performance across all of our divisions during October and November, in line with the trends set out in our most recent Trading Update.


We are encouraged by strong early Christmas trading in both our UK and Spanish coach businesses, with advanced sales higher than last year.


Overall, we remain on course to deliver our profit, free cash flow and leverage targets for the full year.




National Express Group PLC

Chris Davies, Group Finance Director

0121 460 8655

Anthony Vigor, Director of Policy and External Affairs

07767 425822

Louise Richardson, Head of Investor Relations

07827 807766



Neil Bennett/James McFarlane

0207 379 5151



Legal Entity Identifier: 213800A8IQEMY8PA5X34.


Classification: 2.1 (with reference to DTR6 Annex 1R).


This information is provided by RNS
The company news service from the London Stock Exchange

National Express Timeline

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use