FULL YEAR RESULTS FOR THE 12 MONTHS ENDED 30 JUNE 2012
- A strong performance; results in line with management expectations Business overview
- Highest ever passenger levels across both bus and rail
- Largest ever investment in bus fleet of £80m
- Best in class London bus operations; cost efficient and high quality operator
- Record profits in deregulated bus driven by sector leading passenger growth
- Robust rail performance with good revenue growth in all franchises
- Five value adding bus acquisitions and shortlisted for the new Thameslink franchise
- Underlying operating profit growth; prior year included £13m of one-off rail contract management benefits
- Strong cash management and robust balance sheet
- Maintained full year dividend at 81.0p; cover strengthened
- Despite the challenging economic environment, the new financial year has started well and trading is in line with the Board's expectations
