Stagecoach Group plc ("the Group") is today publishing an interim management statement, covering available information for the period to the date of this announcement.
Financial performance
The overall profitability of the Group has remained good.
Like-for-like revenue growth for the financial year to date in each of the Group's main businesses is provided below.
UK Bus - forty weeks ended 5 February 2012 3.0%
UK Rail - forty weeks ended 5 February 2012 9.5%
(excluding tram businesses)
North America - nine months ended 31 January 2012 13.3%
(including Megabus.com, excluding disposed Wisconsin school bus business)
Virgin Rail Group - forty weeks ended 5 February 2012 8.9%
Financial position
The Group continues to maintain a strong financial position with investment grade credit ratings and substantial headroom under its debt facilities.
Other events
In January 2012, the Department for Transport published the Invitation to Tender for the new West Coast Trains rail franchise and the Group's joint venture, Virgin Rail Group, is progressing its bid for the franchise, due to commence in December 2012. The Group continues to evaluate other rail franchise opportunities as these emerge.
Outlook
Overall current trading remains good and we believe the prospects for the Group remain positive.
