National Express Says Q1 Revenue Back To 2019 Levels

National Express Group Plc. (NEX.L) reported that its first quarter group revenue was back to 2019 levels, with March ahead of 2019.

In its trading update for the period 1 January 2022 to 31 March 2022, the company reported seventh consecutive quarterly improvement, with revenue up 30% year on year in constant currency.

The company's quarterly revenue in North America grew by 11% in constant currency, now at around 87% of 2019 levels.

The company's UK revenue grew by 33% in the first quarter.

The company's German rail revenue grew by 64% in constant currency in the first quarter, boosted by the successful mobilization of the two emergency contract awards.

Looking ahead, the company anticipates further strong recovery in demand over the balance of the year, and is confident of delivering further improvements in performance during the year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Longmont Colorado -based Royal Crest Dairy is recalling 2% Chocolate Milk citing the potential to be contaminated with undeclared egg, a known allergen, the U.S. Food and Drug Administration said. The recall involves Farmer's 2% Reduced Fat Chocolate Milk Pints with the code date of AUG-22. ANI Pharmaceuticals, Inc. (ANIP) Monday announced a wider loss for the second quarter, despite a 52 percent surge in revenues. For the full year 2022, the company reiterated the adjusted earnings per share range, revenue guidance and raised Cortrophin revenue outlook. The company reported a quarterly... Shares of BioNTech SE were losing around 4 percent in the morning trading in Germany and around 5 percent in the pre-market activity on Nasdaq after the German Covid-19 vaccine maker reported sharp drop in profit and revenues for the second quarter. However, the company recorded strong growth in first-half results. Further, the company maintained BioNTech COVID-19 vaccine revenue guidance
Follow RTT