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The Markets
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The Markets
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Proactive UK has moved.
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Leisure, gaming and gambling

Trainline eyes growth opportunities in Europe

In the past few months, the top four domestic markets in the international arm – France, Italy, Germany, Spain – returned to growth while UK consumer recovered to 95% of 2019 levels

Trainline PLC (LSE:TRN) said it sees significant growth opportunities in Europe where there has been an increase in new customers.

Italy recorded strong numbers as second-quarter net ticket sales almost doubled compared to pre-pandemic times.

READ: Trainline ticket sales top £1bn again as rail travel recovers

The FTSE 250 group reiterated full-year guidance of £2.4-2.8bn net ticket sales and adjusted underlying earnings (EBITDA) of £35-40mln.

The train and bus tickets seller is ramping up investment in the international arm, which includes European countries.

In the six months ended 31 August, net ticket sales rocketed 179% to £1bn, with revenue up 151% to £78mln. Adjusted EBITDA swung to £15mln from a £16mln loss the year before.

Net debt was 4% wider at £169mln.

The top four domestic markets in the international arm – France, Italy, Germany, Spain – returned to growth while UK consumer recovered to 95% of 2019 levels.

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