Arriva revenue growth continues

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Arriva has published a review of its performance in the 12 months to December 31, 2014.

Group revenue increased by 7.4% to €4,491m (2013: €4,180m) while EBITDA went up by 6.6% from €467m to €498m.

David Martin, Chief Executive of Arriva, said: “We have continued to invest all of our operating cash flow in growing our business over the past 12 months. That positive strategy is reflected in our continued strong revenue and EBITDA growth.

“Our success in the UK and across mainland Europe perfectly positions us to take advantage of transport markets as they advance and liberalise.

“That pace of change is increasing and we are determined to embrace pending EU legislation, including the progress of the fourth railway package, which has the potential to help us deliver further long-term growth and passenger benefits.

“In the UK our bus investment programme is delivering a greener fleet, and includes the introduction of 230 new hybrid buses alongside a growing fleet of electric and gas buses.

Arriva UK Bus announced an investment programme worth in excess of £45m to facilitate a major upgrade of its fleet including the roll-out of more than 230 new vehicles. This brings the total investment in the UK fleet to over £500m since 2008.