Tuesday 2 July 2019 8:32 am

Trainline on track as it posts big sales boost in first results since IPO

Trainline’s chief executive today hailed last month’s “successful” float as the company showed a big jump in ticket sales last quarter.

Net ticket sales rose 20 per cent to £906m, the firm said. A 27 per cent increase in revenue from tickets sold to UK consumers helped boost the figures.

Read more: Trainline owner mulls £1bn sale as IPO plans build up head of steam

Meanwhile, international sales rocketed 51 per cent to £117m. And its UK business division grew four per cent, in line with guidance.

It is the company ’s first results since its initial public offering (IPO) to investors in London last month.

“We are pleased with our first quarter performance, which demonstrates that Trainline continues to consolidate its position as the leading independent rail and coach travel platform,” said chief executive Clare Gilmartin.

“The rollout of e-tickets supported by a great app experience is shifting customers online and to mobile, with strong app performance also driving international growth,” she added.

Read more: UK’s biggest travel booking app Trainline considers £1bn flotation

“We are also pleased to have successfully completed the IPO of the business in June of this year. With the majority of rail and coach tickets currently still sold offline in the UK and globally, there is a huge opportunity ahead of us to continue to grow and innovate for the benefit of all our stakeholders.”

Trainline re-affirmed its guidance for the year.

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