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National Express (LON:NEX)

National Express (LON:NEX)

Share Price
382.80 p
-1.6 (-0.42 %)
Market Cap
£1,958.94 m
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National Express RNS Release

Impact of the US Tax Cuts and Jobs Act

RNS Number : 9303B
National Express Group PLC
16 January 2018



16 January 2018


Impact of the US Tax Cuts and Jobs Act


National Express Group PLC ('the Group') notes the recently enacted US Tax Cuts and Jobs Act ('the Act') which came into effect on 1st January 2018.


Our initial assessment indicates an anticipated reduction in the Group's effective tax rate (ETR) from 1st January 2018. We forecast our ETR will reduce from the anticipated high 20s, to the low 20s, in percentage points.


It is also expected that the measures outlined in the Act will lead to a small tax credit in 2017. This is due to the revaluation of deferred tax balances and will be included in the Group's 2017 full year results.


The Group closed 2017 with a continuation of the positive trading momentum identified in our 4th December 2017 statement (RNS Number 1833Y).


We will provide more detail on both the impact of the Act and our trading performance in the Group's 2017 Preliminary Results announcement on 1st March 2018.


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



James McFarlane, Associate Partner                                                    0207 379 5151



Legal Entity Identifier: 213800A8IQEMY8PA5X34

Classification: 3.1 (with reference to DTR6 Annex 1R)


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

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