Stagecoach increases its 2016 interim dividend by 9.4%

DividendMax Ltd.

Stagecoach increases its 2016 interim dividend by 9.4%

Good financial results, in line with expectations

Adjusted earnings per share* up 12.6% to 17.0 pence (2014: 15.1 pence)

Interim dividend per share up 9.4% to 3.5 pence (2014: 3.2 pence)

Investing for growth in regional UK bus markets

o new mobile-friendly website and digital functionality for customers

o smart multi-operator ticketing in English city regions

Accelerated expansion of coach operations in Europe, while North American mileage rebalanced to current demand

New East Midlands Trains franchise and plan to extend West Coast Trains

Successful re-financing of £400m bonds, with good financial position maintained

Cautious outlook

o Recent revenue softer than expected in UK Bus regional operations

o Lower rate of rail and inter-city coach revenue growth since mid-November in UK/Europe

o Modest revision to full-year expectation of adjusted earnings per share


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