National Express 2017 Final Results
Strong performances in both international divisions, combined with growth in the UK, delivering significant increases in Group revenue, profit and cash and reduced gearing.
Good start to 2018, with Group revenues and profits up in January, notwithstanding significant weather-related disruption in North America.
Expect organic revenue growth in 2018 in every division and encouraging start to current North American School Bus bid season.
Enter 2018 with tailwinds including £20 million lower fuel costs and a lower Group effective tax rate after recent US reform.
Proposing a 10% increase in the final dividend and expecting annual free cash flow to be broadly the same as 2017.