Transport operator enjoys record revenues in HY1 2022

The leading transport provider National Express Group, which delivers inter-regional and intercity services here in the UK, as well as throughout Europe, the Middle East, North America and North Africa via local coach companies, has announced an increase in its shares and an upswing towards profitability.

Consumers in the UK interested in putting their funds into assets like transport or infrastructure often seek out independent financial advice in Shropshire, Hampshire and other parts of the UK. Wealth managers can be relied upon to create diverse and well-balanced investment portfolios that balance risk and return.

The travel company announced that it had experienced its highest revenues in 10 years, with revenues rising from $990 million at the end of the first half of 2021 to £1.3 billion for the same time this year, marking revenue growth of 33.6 per cent.

In a statement, the CEO for National Express, Ignacio Garat, commented:

“I am pleased to see momentum building across the Group, with strong growth in revenue, profit, and cash in the first half. The path ahead will not be without challenges. We believe, however, that we are well positioned in an inflationary environment.”

Garat added that whilst National Express is mindful of the challenges ahead, it maintains its full year guidance, and in respect to FY 2022, it will continue anticipating reinstating a full year dividend.

Figures show that over 792 million passengers’ trips were made on National Express services last year and that 80 per cent of its revenues came from its enterprises based outside of Britain.


Recent Posts

What is ESG investing?

Consumers who are keen to invest but seek to secure assets that are aligned with their personal ethics and attitude towards the environment and other issues will find that there

London claims 81% of venture capital

New data has revealed that in the UK’s last financial quarter, companies based in the capital received 80.6 per cent of all venture capital investments. The figures are being taken

Online scam targets UK investors

A recent investigation by cybersecurity specialist Group-IB has uncovered a large-scale investment scam targeting the UK and other countries in Europe, including the Netherlands, Germany, Portugal and Sweden, among others.

National Trust invests in climate technology

The biggest private landowner in Britain, the National Trust, recently dedicated a considerable portion of its current assets towards a new testing ground for brand-new ideas on ways to combat