Trainline PLC (LON:TRN) reported strong growth in ticket sales was slowed by the impact of coronavirus in February, the last month of its financial year.
While underlying profits (EBITDA) for the year will be higher than expected at the time of last year’s IPO, the online train ticket booking group admitted trading has become “more challenging” in recent weeks.
This included “softened significantly” in Italy last month, with demand since weakening across the rest of its international business.
While UK demand has remained “more resilient”, growth has slowed particularly from inbound travellers.
“The COVID-19 situation continues to evolve and at this time its ongoing impact is difficult to fully assess,” Trainline said.
“As you would expect, the group is monitoring the situation closely and will continue to take mitigating actions as appropriate.”
Revenue for the year to 29 February was up 24% to £261mln, with the UK up 20% and international up 79%.
Shares in the company were down 13% to 337.5p in early trading on Thursday.