Stagecoach increases 2014 interim dividend by 11.5%

DividendMax Ltd.

Stagecoach increases 2014 interim dividend by 11.5%

Delivering value for shareholders, customers and taxpayers

Adjusted earnings per share up 2.8% to 14.6 pence (2012 as restated: 14.2 pence)

Interim dividend per share up 11.5% to 2.9 pence (2012: 2.6 pence)

Net debt down £43.4m to £494.6m

UK Bus

o Revenue growth in regional bus operations built on successful partnership model, investment and low fares

o New contract wins in London driven by good cost control and operational performance

o Expansion of inter-city bus services in UK and Europe

UK Rail 

o Good financial and operational performance at East Midlands and South Western rail franchises

o Working with Government to expand rail capacity into London

o South West Trains-Network Rail Alliance delivering improved railway

North America 

o Significant increase in revenue and operating profit driven by inter-city services

o Investing in further expansion

Growth opportunities ahead in UK and North America

Modal shift from car to bus in UK supported by innovation, investment and low fares

Expansion of in North America and further development of megabusGold premium products

Discussions with Department for Transport on planned extensions to existing South Western, East Midlands and Virgin West Coast rail franchises

Pipeline of new rail opportunities in UK

Companies mentioned