Arriva accelerates across Europe

 
Marion Dakers
BUS AND rail company Arriva has revealed a double-digit rise in revenues as it vies for more transport contracts in Britain and across the rest of Europe.

Arriva, owned by Germany’s state railway since 2010, said turnover rose 12.5 per cent to €4.18bn (£3.39bn) last year, while earnings before interest, tax, depreciation and amortisation (Ebitda) rose 9.9 per cent to €467m.

The company has featured prominently in the recent wave of rail franchise contests in Britain, submitting bids to run Crossrail, Scotrail and the Caledonian Sleeper routes.

The firm currently runs a string of franchises including Arriva Trains Wales, Chiltern Railways and the joint venture operating the London Overground.

Arriva also expanded on the continent during the year, buying Veolia’s central European transport business and buying Abellio’s operations in the Czech Republic.

“Our strong track record of delivery and customer service means we are well positioned to take advantage of the significant opportunities emerging in passenger transport markets across Europe,” said chief executive David Martin in a statement published today.

Arriva did not give separate figures on the performance of its UK bus business, which runs 5,900 vehicles across England and Wales including a fifth of London’s buses.

Deutsche Bahn generated €39.1bn in revenues and €2.2bn of adjusted earnings last year. The state-owned group took Arriva off the London stock market in a deal worth £1.6bn in 2010.

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