Revenues rise seven per cent at bus and rail firm National Express

Suzie Neuwirth
BRITISH transport group National Express said yesterday that first-half revenues have grown seven per cent, in line with expectations.

The bus, coach and rail service operator said that it had seen growth across all five divisions and is on course to deliver between £125m and £150m of free cash flow in 2013 and 2014.

“I am pleased with our revenue improvement across the business, reflecting the attractive value and quality service we offer our customers,” said chief executive Dean Finch.

“I believe that the combination of organic growth and operational excellence, cash generation and new international contract opportunities will drive returns for National Express and our shareholders.”

The firm was the official partner of last weekend’s Glastonbury festival, running extra services from over 60 locations to the festival’s on-site coach park.