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WHAT DOES THE FUTURE HOLD FOR NATIONAL EXPRESS?

ED WOOLFITT | GALVAN RESEARCH
“Following what can only be described as a near catastrophic year for National Express, the underlying revenue trend has stabilised in Q4, in line with the previously reported performance. The trading statement presents National Express in a better light with cost efficiencies offsetting areas of revenue weakness.”

DAVID JONES | IG INDEX
“These figures are solid but unspectacular. I think some of the shareholders will be rueing the fact that the board did not go for one of the takeover deals. The share price has taken a hit since those and there is no sign that the shares are going to return to those sort of levels. In short not bad news but nothing great.”

GERT ZONNEVELD | PANMURE GORDON & CO
“There is not much change here. The thing is that some of the operations have been underperforming and the company will be looking for its new chief to turn that around. The statement does not amount to any departure from what has been happening. The problem with the US bus operation has to be addressed.”