Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Trainline PLC on Thursday posted a narrowed annual loss, as significantly higher net ticket sales signal a recovery for the rail industry from the pandemic.
For the year ended February 28, the firm narrowed its pretax loss to £15.5 million from £106.8 million a year prior. Revenue rose to £188.5 million from £67.1 million as net ticket sales jumped to £2.52 billion from £783 million a year ago.
Trainline shares were 6.1% higher at 294.80 pence each in London on Thursday morning.
The online train and coach ticketing platform cut its net debt to £90 million from £241 million. Adjusted earnings before interest, taxes, depreciation, and amortisation swung to a profit of £39.0 million from a loss of £24.9 million.
For its current financial year, the firm expects revenue to grow further to between £280 million and £310 million, higher than the £260.8 million it posted in its financial year ended February 2020, before Covid restrictions were first introduced in the UK.
The company sees its ticket sales climbing to between £3.8 billion and £4.2 billion, also above financial 2020 when it posted £3.73 billion in net ticket sales. Adjusted Ebitda will be around £70 million to £75 million, the firm said, which is lower than £85.2 million in financial 2020.
Copyright 2022 Alliance News Limited. All Rights Reserved.