Mobico Group posted a loss before tax of 609.3 million pounds for the twelve months ended 31 December 2024 compared to a loss of 120.1 million pounds, last year. Basic loss per share was 134.2 pence compared to a loss of 33.7 pence. Adjusted profit before tax increased to 101.1 million pounds from 92.9 million pounds, prior year. Adjusted basic EPS was 4.8 pence compared to 4.5 pence. Group revenue increased to 3.41 billion pounds from 3.15 billion pounds, last year.
Mobico Group also announced that Ignacio Garat, CEO, will be stepping down from his position with effect from 30 April 2025. Ignacio will remain with the Group for the next three months, moving to an advisory role. The Board will launch a search for his successor with Phil White, Chair designate, taking on the role of Executive Chair on an interim basis with effect from 1 May 2025.
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