Business
Half Year Results
Half Year Results.
About this update from Mobico Group Plc
[{"type":"text","content":"\n \nRNS Number : 8004V National Express Group PLC 26 July 2018 \n\n26 July 2018\nNational Express Group PLC: Half Year results for the six month period ended 30 June 2018\n \nDiversity paying dividends\n \nDean Finch, Group Chief Executive said:\n\"National Express has had another strong start to the year, delivering its best ever half year statutory profit, up 24% year-on-year. Our increasingly diversified portfolio has again delivered strong results and has entered a new phase of expansion in to complementary growth markets. \n \n\"All of our divisions have grown revenue, profit and commercial passengers through a relentless focus on good customer service and technology investment. We also continue to make disciplined acquisitions that help grow our portfolio strategically. We have made seven acquisitions so far this year and have entered new fast-growing markets, providing avenues for interesting future expansion. Our pipeline of new opportunities remains strong and growing.\n \n\"This combination of growth in our core business and the number of exciting new opportunities allows us to again increase the interim dividend by 10%. We remain on course to deliver the board's expectations.\"\n \nFinancial highlights\n\n\n\n\n\n\nHY 2018\n\n\nHY 2017\n\n\nChange\n\n\nChange at constant currency\n\n\n\n\nContinuing operations\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGroup revenue\n\n\n£1.21bn\n\n\n£1.17bn\n\n\n+3.2%\n\n\n +6.4%\n\n\n\n\nGroup normalised operating profit\n\n\n£118.7m\n\n\n£111.6m\n\n\n+6.4%\n\n\n +9.8%\n\n\n\n\nGroup normalised PBT\n\n\n£100.7m\n\n\n£88.9m\n\n\n+13.3%\n\n\n +18.0%\n\n\n\n\nNormalised basic EPS\n\n\n15.0p\n\n\n13.0p\n\n\n+15.4%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nStatutory\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nGroup statutory operating profit\n\n\n£98.1m\n\n\n£87.3m\n\n\n+12.4%\n\n\n\n\n\n\n\nGroup statutory PBT\n\n\n£80.1m\n\n\n£64.6m\n\n\n+24.0%\n\n\n \n\n\n\n\nGroup PAT from continuing operations\n\n\n£63.0m\n\n\n£50.8m\n\n\n+24.0%\n\n\n &...