Business
Results for the six months ended 31 August 2021
Results for the six months ended 31 August 2021.
About this update from Trainline Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1331R\n Trainline PLC\n 03 November 2021\n \n \n \n \n \n \n \n 3 November 2021\n \n \n Trainline plc \n \n \n Results for the six months ended 31 August 2021\n \n \n Trainline recovering strongly as passengers return to rail and shift to digital ticketing \n \n \n H1 FY2022 summary financial highlights:\n \n \n \n \n \n \n £m unless otherwise stated: \n \n \n \n \n H1 FY2022\n \n \n \n \n H1 FY2021\n \n \n \n \n Variance\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Net ticket sales1\n \n \n \n \n 1,000\n \n \n \n \n 358\n \n \n \n \n +179%\n \n \n \n \n \n \n Revenue \n \n \n \n \n 78\n \n \n \n \n 31\n \n \n \n \n +151%\n \n \n \n \n \n \n Adjusted EBITDA2\n \n \n \n \n 15\n \n \n \n \n (16)\n \n \n \n \n +31\n \n \n \n \n \n \n Operating loss\n \n \n \n \n (9)\n \n \n \n \n (43)\n \n \n \n \n +34\n \n \n \n \n \n \n Adjusted basic loss per share (pence)3\n \n \n \n \n (1.1)p\n \n \n \n \n (6.2)p\n \n \n \n \n +5.1p\n \n \n \n \n \n \n Basic loss per share (pence) 3\n \n \n \n \n (1.8)p\n \n \n \n \n (8.1)p\n \n \n \n \n +6.3p\n \n \n \n \n \n \n Operating free cash flow4\n \n \n \n \n 72\n \n \n \n \n (80)\n \n \n \n \n +152\n \n \n \n \n \n \n Net debt4\n \n \n \n \n 169\n \n \n \n \n 166\n \n \n \n \n +3\n \n \n \n \n \n \n \n \n \n Results summary for the half:\n \n \n · \n Group net ticket sales of £1.0 billion, up 179%, and revenue of £78 million, up 151% \n \n \n · \n Particularly strong recovery in Q2 - Group net ticket sales recovered to 71% of same period in FY2020, the highest level since the COVID pandemic started:\n \n \n o \n Top four domestic markets in International (France, Italy, Germany, Spain) returned to growth, up 5% overall versus same period two years ago\n \n \n o \n UK Consumer recovered to 95% versus the same period two years ago and returned to growth in August \n \n \n · Adjusted EBITDA of £15 million, returning to profitability vs. £16 million loss in H1 last year; Basic loss per share of 1.8p vs. 8.1p loss in H1 last year\n \n · Operating free cash flow increased to £72 million reflecting return to profitability and working capital inflows as the business recovered, as well as industry settlement payment timing\n \n · Net debt of £169 million, down from £241 million six months ago given recovery i...