National Express Group Plc (NEX.L), in its pre-close trading update, announced that the trading across the Group remains strong and full-year profit is expected to be in line with the board's earlier expectations.
Transport revenue growth in Spain is anticipated to be 5% in 2011 with robust trading after the busy summer season. The company added that growth in the inter-city division continues to reflect the excellent competitive position of coach travel in the current economic environment. The North American school bus business for this year would broadly double the 2009 operating profit level.
Meanwhile, revenue growth in the core National Express coach network is expected to exceed 5% in 2011, with airport, long-haul and London commuter services performing particularly well. Rail division revenues are estimated to grow by 6% in 2011.
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