Business
Trading Statement and Notice of Full Year Results
Trading Statement and Notice of Full Year Results.
About this update from Trainline Plc
[{"type":"text","content":"\n \n \n \n \n \n TRAINLINE PLC TRADING STATEMENT AND NOTICE OF FULL YEAR RESULTS\n \n \n 15th March 2023\n \n \n Record net ticket sales as International Consumer becomes a €1 billion business\n \n \n \n \n \n \n \n Trading performance for FY2023\n \n Trainline 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 2023 (1st March 2022 to 28th February 2023).\n \n \n \n \n \n \n Highlights:\n \n \n ·Group net ticket sales of £4.3 billion, +72% growth year on year (YoY) and +16% higher than FY2020 (Yo3Y) as International Consumer becomes a €1 billion net ticket sales business\n \n · Group revenue of £327 million, up +74% versus FY2022 and +25% Yo3Y\n \n ·\n Group adjusted EBITDA expected to be in line with market expectations\n \n \n · Strong progress against Trainline's strategic priorities:\n \n o Positioning Trainline as the aggregator of choice in Europe, helping customers find the best travel options across multiple carriers, most notably in Spain as new entrants expand to new routes\n \n o \n Strong resurgence in net ticket sales to global inbound customers, with early signs of a further step up in the year ahead\n \n \n o Digitising commuter ticketing experience in UK, more than doubling segment share versus three years ago while driving up customer transaction frequency\n \n o Helping customers navigate disruption from industrial action in UK, with live delay and disruption alerts, as well as self-serve changes and refunds\n \n o 'I Came by Train' campaign gaining momentum, publicly making the environmental case for people to choose rail travel over driving or flying\n \n \n \n \n Jody Ford, CEO of Trainline said:\n \n \"Trainline delivered record net ticket sales, with growth led by International Consumer, which became a €1 billion business for the first time. A key driver is the arrival of carrier competition on key European routes, particularly in Spain where we are increasingly positioning ourselves as the aggregator of choice. \n \"We have a core purpose to encourage more people to take the train, including by simplifying the retail experience and helping customers navigate ...