Stagecoach increases 2014 full year dividend by 10.5%

DividendMax Ltd.

Stagecoach increases 2014 full year dividend by 10.5%

Financial results in line with expectations

·      Adjusted earnings per share up 5.7% to 26.0 pence (2013 restated: 24.6 pence)

·      Full year dividend per share up 10.5% to 9.5 pence (2013: 8.6 pence)

·      Net debt down £76.4m to £461.6m (2013: £538.0m)

·      Current trading in line with management expectations


UK Bus

·      Market-leading financial performance and customer satisfaction

·      Orders for over £110m of new greener buses for 2014/15

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


UK Rail

·      New West Coast Trains franchise agreed

·      Extension of South West Trains-Network Rail Alliance

·      £9m invested in pursuing new rail franchise opportunities 


North America

·      Over 80% increase in operating profit

· inter-city services driving growth in revenue and operating profit

·      Progress in resolving legal cases at Twin America sightseeing joint venture


Growth opportunities ahead

·      Focus on customer service improvements to support modal shift

·      Development of product and footprint

·      Planned extensions or direct awards of South West and East Midlands rail franchises

·      Shortlisted for InterCity East Coast rail franchise in partnership with Virgin, with pipeline of other new rail opportunities in UK


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