The Go-Ahead Group: Robust Trading

David Brown, Group Chief Executive of Go-Ahead, said:

“I am pleased with the continued robust performance across our operations. Our bus and rail divisions have both seen commercial revenue growth in the year to date. Performance in our Southern franchise was better than anticipated, and as a result our forecasts for the full year to 28 June 2014 are slightly ahead of our previous expectations.

“Our bus operations continue to perform well and we remain confident in our target to achieve bus operating profit of £100m by 2015/2016.

“The performance of all three rail franchises has been good in the year to date.

“Our continued development of smart and mobile ticketing across our bus business is progressing well and in an industry first, we were delighted to launch “the key” on our Southern services, enabling passengers to travel on our trains and Transport for London services using just their smartcard.

“We look forward to submitting a strong bid for the Thameslink franchise at the end of December and we continue to work hard on the Crossrail bid.”