Go-Ahead Group plc (GOG.L) said it continues to perform well, with all its companies seeing revenue growth in the year to date.
The company's deregulated bus division continues to see solid growth. Go-Ahead expects full year passenger revenue to increase by around 4% on a like-for-like basis and passenger journey growth of around 3%.
In rail, the company is pleased with the performance of its three franchises despite the challenging economic environment.
Overall, Go-Ahead remains confident that it will deliver a full year result in line with its expectations.
Looking ahead to the next financial year, Go-Ahead expects the performance of our bus business to remain strong. In rail, the company's expect slower than assumed economic growth rates to impact performance and, as stated in April, 6 million pounds of rail bid costs are forecast next year.
The company continues to concentrate on its key strengths of providing high quality innovative and locally focused transport services.
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by RTT Staff Writer
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