Stagecoach trading update

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Stagecoach Group has published a trading update in advance of a series of meetings with analysts.

The group said overall profitability has remained good and there is no change to its expected adjusted earnings per share for the year ending April 30, 2013.

Like-for-like revenue growth for the financial year to date in each of the Group’s main businesses is, in the 11 months ended March 31:

  • UK Bus (regional operations): 3.6%
  • UK Bus (London): 1.2%
  • UK Rail: 5.4%
  • Virgin Rail Group: 3.1%
  • North America (including Megabus.com, excluding disposed Wisconsin school bus business): 9.7%

Stagecoach said trading remains good overall and the prospects for the Group remain positive. It intends to announce its preliminary results for the year to April 30, 2013 on Wednesday, June 26, 2013.