Business
Trading Statement
Trading Statement.
About this update from Trainline Plc
[{"type":"text","content":"\n\n\n \nTRAINLINE PLC TRADING STATEMENT\n14th March 2024\nStrong growth in ticket sales from Europe's number one rail app\n \nTrainline plc (\"Trainline\", the \"Company\" or the \"Group\"), the leading independent rail and coach travel platform selling tickets to millions of customers worldwide, today provides an update on its trading performance for the financial year 2024 (1st March 2023 to 29th February 2024).\nFY2024 trading performance summary:\n\n\n\n\n \n \n\n\nTwelve months to end of February 2024\n\n\n\n\n\n\n\nFY2024\n\n\nFY2023\n\n\n% YoY\n\n\n\n\nNet ticket sales (£m)\n\n\n \n\n\n\n\n\n \n\n\n\n\nUK Consumer\n\n\n3,469\n\n\n2,811\n\n\n+23%\n\n\n\n\nInternational Consumer\n\n\n1,041\n\n\n915\n\n\n+14%\n\n\n\n\nTrainline Solutions\n\n\n785\n\n\n597\n\n\n+31%\n\n\n\n\nTotal Group\n\n\n5,295\n\n\n4,323\n\n\n+22%\n\n\n\n\n \n\n\n\n\n\n\n\n\n \n\n\n\n\nRevenue (£m)\n\n\n \n\n\n\n\n\n \n\n\n\n\nUK Consumer\n\n\n209\n\n\n172\n\n\n+21%\n\n\n\n\nInternational Consumer\n\n\n53\n\n\n45\n\n\n+17%\n\n\n\n\nTrainline Solutions\n\n\n135\n\n\n110\n\n\n+23%\n\n\n\n\nTotal Group\n\n\n397\n\n\n327\n\n\n+21%\n\n\n\n\n \n \nJody Ford, CEO of Trainline said:\n\"Trainline is a home-grown British tech success that has scaled beyond domestic borders to become Europe's most downloaded rail app. We outperformed expectations this year, growing strongly in the UK and across the continent, with International Consumer net ticket sales of more than £1 billion.\n\"Our growth was fastest in Spanish domestic travel, which doubled year on year as we position ourselves as the aggregator of choice. Trainline's market share continues to rise on key routes like Madrid - Barcelona, which is now our third most popular route across all countries, including the UK. This reflects liberalisation and emerging carrier competition that is set to transform European rail, driving down prices for customers while increasing choice and value.\"\n\n\n \nGroup net ticket sales increased to £5.3 billion, 22% higher year-on-year (YoY), at the top end of Trainline's already improved guidance range for growth of between 17% to 22%. \nGroup revenue was £397 million, growing 21% YoY, above Trainline's guidance range of between 15% to 20%.\nUK Consumer net ticket sales were £3.5 billion, 23% higher YoY. This ...