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National Express Group plc
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Company Information
Address: Mill Lane
Digbeth
Birmingham
B5 6DD
Index: To continue showing the FTSE index and sector information we need a license from FTSE International Limited. Will anyone sponsor us to return this data to the site.
Tel: +44 (0)8450 130130 Sector:
Fax: +44 (0)121 666 6498
E-Mail: info@nationalexpress.com Epic:
Secretary: Michael Hampson    
Registrar: Equiniti Ltd Updated: 29/11/2012

News from RSS Feed

Wed, 30 Jul 2014

It's a gold medal performance from c2c

National Express train operator c2c has topped the podium in the latest rail industry punctuality results.

c2c, whose parent company National Express Group is an Official Partner of Team England at the Commonwealth Games, was the UK’s most punctual train operator in the four weeks to 20 July. 97.6% of c2c trains arrived on time during that period, meaning c2c’s overall punctuality record over the past year is now up to 96.7%. This continues c2c’s track record of being consistently number one in the UK for annual punctuality since December 2011.

c2c Managing Director Julian Drury said: “Another gold medal performance on our punctuality is excellent news for c2c, but we are far from complacent. With a new 15-year franchise beginning in November, our aim is to ensure our reputation for top customer service and delivering innovative new improvements matches our record as the UK’s gold standard for running trains on time.”

These results represent the Public Performance Measure, the UK’s official measure for train punctuality, published by Network Rail.

Company Overview

National Express Group is a leading transport provider delivering services in the UK, North America and Spain. Every year more than 650 million journeys are made on our buses, trains, light rail services and coaches.

 
Annual Reports
Description Report Date Published Current  
bullet point Annual Report 2011 in PDF 31/12/2011 29/02/2012 No  
bullet point Annual Report 2010 in PDF 31/12/2010 24/02/2011 No  
bullet point Annual Report 2009 in PDF 31/12/2009 25/02/2010 No  
bullet point Annual Report 2008 in PDF 31/12/2008 26/02/2009 No  
bullet point Annual Report 2007 in PDF 31/12/2007 28/02/2008 No  
bullet point Annual Report 2006 in PDF 31/12/2006 1/03/2007 No  
bullet point Annual Report 2005 in PDF 21/12/2005 9/03/2006 No  
bullet point Annual Report 2004 in PDF (1.28Mb) 31/12/2004 24/02/2005 No  
bullet point Annual Report 2003 in PDF (0.49Mb) 31/12/2003 26/02/2004 No  
bullet point Annual Report 2002 in PDF (2.37Mb) 31/12/2002 13/03/2003 No  
bullet point Annual Report 2001 in PDF (2.78Mb) 31/12/2001 20/03/2002 No  
bullet point Annual Report 2000 in PDF (1.81Mb) 31/12/2000 20/03/2001 No  
bullet point Annual Report in PDF 27/02/2014 Yes  
 
Interim Reports
Description Report Date Published Current  
bullet point Interim Results 2013 in PDF 30/06/2013 24/07/2013 Yes  
bullet point Interim Results 2012 in PDF 30/06/2012 26/07/2012 No  
bullet point Interim Results 2011 in PDF 30/06/2011 28/07/2011 No  
bullet point Interim Results 2010 in PDF 30/06/2010 29/07/2010 No  
bullet point Interim Results 2009 in PDF 30/06/2009 30/07/2009 No  
bullet point Interim Results 2008 in PDF 30/06/2008 31/07/2008 No  
bullet point Interim Results 2007 in PDF 30/06/2007 26/07/2007 No  
bullet point Interim Results 2006 in PDF 30/06/2006 28/09/2006 No  
bullet point Interim Results 2005 in PDF (0.67Mb) 30/06/2005 28/07/2005 No  
bullet point Interim Results 2004 in PDF (0.21Mb) 30/06/2004 29/07/2004 No  
bullet point Interim Results 2003 in PDF (0.26Mb) 30/06/2003 11/09/2003 No  
bullet point Interim Results 2002 in PDF (0.6Mb) 30/06/2002 17/09/2002 No  
 
Other Links
Description
bullet point Home
bullet point Site Map
bullet point Investor Relations
bullet point Events Calendar
bullet point Results Index
bullet point Press Releases
bullet point Presentations
bullet point Contacts
bullet point RSS News Feed
       
Dividend History
Type Payment Date Dividend
Final 23/05/2014 6.75 p
Interim 21/09/2012 3 p
Final 6/05/2012 6.5 p
Final 13/05/2011 6 p
Interim 25/09/2009 0 p
Final 3/07/2009 10 p
Interim 26/09/2008 12.72 p
Final 9/05/2008 26.4 p
Interim 28/09/2007 11.56 p
Final 4/05/2007 24 p
Interim 20/10/2006 10.75 p
Final 26/05/2006 22.5 p
Interim 7/10/2005 10 p
Final 6/05/2005 20.65 p
Interim 1/10/2004 9.35 p
Final 7/05/2004 17.5 p
Interim 17/10/2003 8.5 p
Final 16/05/2003 16.4 p
Interim 18/10/2002 8.1 p
Final 3/05/2002 14.7 p
Interim 19/10/2001 7.3 p
Final 4/05/2001 14.2 p
Interim 27/10/2000 6.5 p
Final 5/05/2000 12.45 p
Interim 22/10/1999 5.75 p
     
Future Events
Event Date

Quarterly Results 23/10/2014

News from RSS Feed

Wed, 30 Jul 2014

It's a gold medal performance from c2c

National Express train operator c2c has topped the podium in the latest rail industry punctuality results.

c2c, whose parent company National Express Group is an Official Partner of Team England at the Commonwealth Games, was the UK’s most punctual train operator in the four weeks to 20 July. 97.6% of c2c trains arrived on time during that period, meaning c2c’s overall punctuality record over the past year is now up to 96.7%. This continues c2c’s track record of being consistently number one in the UK for annual punctuality since December 2011.

c2c Managing Director Julian Drury said: “Another gold medal performance on our punctuality is excellent news for c2c, but we are far from complacent. With a new 15-year franchise beginning in November, our aim is to ensure our reputation for top customer service and delivering innovative new improvements matches our record as the UK’s gold standard for running trains on time.”

These results represent the Public Performance Measure, the UK’s official measure for train punctuality, published by Network Rail.

Wed, 30 Jul 2014

Half Year Results for the six months ended 30 June 2014

National Express Group PLC ("National Express" or "the Group") is a leading international public transport operator, with bus, coach and rail services in the UK, Continental Europe, North Africa and North America.

Highlights
  • Positive progress in the first half of 2014.
  • Excellent cash generation: £80 million of free cash flow in the first half of the year, with a full year target of £150 million. Net debt reduced by £80 million over the last 12 months.
  • Success in winning new contracts worth £5 billion and sustaining market-leading contract retention rates.
  • Underlying growth in both revenue and passenger numbers, in the UK, North America and Morocco.
  • Dividend increased 3% to 3.35 pence per share (based on 2x covered by non-rail earnings in the full year).
Consistent delivery against our strategy

Important contract wins across the Group, worth £5 billion in total:

  • firmly re-established with a long term future in UK rail: success in retaining the Essex Thameside (‘c2c’) franchise secures our presence until 2029.
  • largest ever US School Bus conversion contract,
  • retaining largest US transit contract,
  • selected preferred bidder for largest urban/regional bus contract in Spain,
  • continuing to deliver industry-leading retention rate in US School Bus,

New growth markets: selected as preferred bidder for urban bus services in Bahrain, opening up a significant new potential growth opportunity in the Middle East.

Financial summary

 

H1 2014
£m

H1 2013
£m

Revenue

939.5

956.7

Normalised operating profit

89.5

97.2

Normalised profit before tax

65.5

71.8

Statutory profit for the period

20.6

28.7

Normalised basic EPS

Dividend

Net debt

9.9p

3.35p

729.0

10.8p

3.25p

809.4

 

The previously disclosed one-off impacts of extreme US weather and Spanish industrial action, combined with the strength of Sterling have impacted both revenue and profit:

  • Underlying Group revenue was up 2%: +7% core UK Coach; +6% Rail; and +3.2% UK Bus commercial revenue. North America also saw 1% revenue growth, while Spain declined by 1%.
  • Adjusting for these one-off impacts and Sterling’s strength, normalised profit before tax would have increased by £3.8 million.

Dean Finch, National Express Group Chief Executive, said:

“We have made important progress in the first half of the year. Our success in retaining the Essex Thameside rail franchise confirms our long term future in UK rail. Other major contract successes across the Group demonstrate the quality of our services and strength of our reputation in the markets we serve. Our strong cash generation remains a highlight and a particular focus of the business this year.

“We made clear in our previous statement that extreme weather and industrial action in the US and Spain respectively would affect our half year results. We remain determined to deliver the improvements and efficiencies necessary over the course of the year to achieve the Board’s expectations.

“We also have a strong pipeline of further opportunities with many bids being evaluated at present, including ScotRail and a number in German rail. We have been selected as the preferred bidder for a bus contract in Bahrain, potentially opening a new and exciting market. We are also actively monitoring the situation in Portugal and Spain where the Group is well placed to deploy its expertise when liberalisation of these markets occurs.”

Enquiries:

National Express Group PLC

Jez Maiden, Group Finance Director 0121 460 8657
Stuart Morgan, Head of Investor Relations 0121 460 8657
Anthony Vigor, Director of Policy and External Affairs 07767 425822
 

Maitland

Rebecca Mitchell 07951 057351

 

There will be a presentation and webcast for investors and analysts at 0900 on 30 July 2014. Details are available from Rebecca Mitchell at Maitland.

Definitions

Unless otherwise stated, revenue is stated on an underlying basis, which compares the current year with the prior year on a consistent basis, after adjusting for the impact of currency, and acquisitions and disposals. Like-for-like revenue adjusts underlying revenue for the impact of changes in mileage operated.

In UK Bus, commercial revenue is that from fare-paying passengers and excludes concessions and contracted services. In UK Coach, core express revenue is that from the scheduled National Express network.

Unless otherwise stated, all profit and EPS data refer to normalised results, which can be found on the face of the Group Income Statement in the first column. The definition of normalised profit is as follows: IFRS result (found in the third column), excluding intangible asset amortisation, loss on disposal of business, exceptional items and tax relief thereon. The Board believes that the normalised result gives a better indication of the underlying performance of the Group.

Free cash flow is intended to be the cash flow equivalent of normalised profit after tax. A reconciliation is set out in the Financial Review.

Net debt is defined as cash and cash equivalents (cash overnight deposits and other short-term deposits), and other debt receivables, offset by borrowings (loan notes, bank loans and finance lease obligations) and other debt payable (excluding accrued interest).

 

Download the full release in PDF format

Results webcast

Results presentation

Mon, 28 Jul 2014

Dundee driver takes a big leap for charity

National Express driver organises first ever Cash For Kids abseil

National Express Dundee driver Ross Murdoch is preparing to take the plunge in the name of charity, having organised the first ever abseil event for Tay FM's Cash for Kids.

The 10K Drop takes place on Saturday 23 August at the University of Dundee's Tower Building, with the aim of raising £10,000 for local children. The 140ft tower block will offer stunning views to participants, along with an adrenaline rush!

The fundraising team from National Express Dundee taking part in the 10K Drop also includes drivers Allan Fordyce, Gillian Moffat and travel shop customer adviser Dan Stewart.

Ross says he's looking forward to the experience:

"We've been working alongside Cash For Kids for some time now to improve the lives of local children. It's extremely important to us to help people in the area where National Express Dundee operates its bus services.
"This is our biggest ever fundraiser and we hope it will be a huge success. We're extremely grateful for any support we receive - £10,000 is the target!"

The event is open to teams or individuals aged 14 or over; the entry fee is £20 and participants are asked to raise a minimum of £50 sponsorship. There's still time to sign up for this unique chance to see the city from a different perspective – but spaces are limited. Go to www.tayfm.co.uk to register.

Dundee 2014 Cash for Kids charity abseil.jpg

Fri, 25 Jul 2014

Jumbo July - National Express in gear for biggest weekend of year for airport travel

Coach operator National Express is in gear for a jumbo weekend - the busiest of the year for travel to airports.

Ahead of a summer of rail disruption as engineering works impact on West Coast Main line and First Great Western routes, the UK’s largest coach operator has seen bookings on airport services take-off this weekend (Saturday, July 26 – Sunday, July 27) as the summer getaway starts in earnest.

Year-on-year advance bookings have soared by more than 8 percent on airport routes over the next two days (26 – 27 July) as tens of thousands of holidaymakers use National Express to help them jet off for the summer break.

A third of all travel on National Express coaches is direct to airport terminals across the UK and the majority of people travelling this weekend are doing so on the Saturday.

Perhaps unsurprisingly, the major London airports are the most popular routes and ticket sales to London Luton Airport have climbed by more than 60 per cent year-on-year.

The rise in bookings is in line with widely-reported news that this weekend is amongst one of the most popular dates to set off on holiday with more than a million people due to fly out of London’s airports alone.

National Express UK Coach Managing Director Tom Stables said: “We’re gearing up for a jumbo weekend for travel to airports – our busiest of the year so far – and looking forward to welcoming passengers on board”.

The ‘jumbo weekend’ comes ahead of an August of rail disruption starting next week (Saturday, August 2 – Sunday, August 3) that will impact on travellers going to the capital to connect to the London Airports. 

National Express will be adding thousands of extra coach seats to help cope with the disruption.

Mr Stables added: “As summer rail disruption starts to impact on travellers heading to London to connect to the airports we will be on hand to add extra seats as necessary to ensure everyone can get their holiday off to an unbeatably convenient start.” 

Visit www.nationalexpress.com or call 0871 781 81 81 to book or for more information.

Wed, 23 Jul 2014

120,000 extra summer holiday seats on c2c

National Express train operator c2c is providing over 120,000 extra seats and will have additional specialist staff travelling on trains, to help families make the most of the summer holidays. 

From now until the end of August, 16 of c2c’s most popular off-peak trains every day will be doubled in length to eight carriages.  This includes the first six daily off-peak trains from Southend to London, and will provide over 4,500 extra seats every weekday. 

During the school summer holidays c2c is also deploying its mobile teams of Travel Guardians.  These are specialist staff that will be travelling around the c2c network to provide travel advice and assistance as well as dealing with any incidents of anti-social behaviour.  Their particular focus will be helping young people, who may not be used to travelling alone on trains. 

c2c Managing Director Julian Drury said: “We know the school holidays are a really popular time for day trippers, whether they’re heading into London or to the coast.  That’s why we’re putting more seats on our busiest off-peak trains, and why we will have additional expert staff that can provide help and advice for customers.” 

Mon, 21 Jul 2014

Top cycling stars get a coach with a difference

Some of the biggest names in world sport boarded a National Express coach this weekend (19-20 July) to travel to the Commonwealth Games.

Team England cyclists, with sixteen Olympic gold medals between them, including Sir Bradley Wiggins, Jason Kenny, Laura Trott and Joanna Rowsell travelled to the Glasgow Games with National Express where they will compete against the world's finest in the Sir Chris Hoy velodrome.

The national coach operator carried 32 Team England cyclists and staff in their own iconic white coach from the National Cycling Centre in Stuart Street, Manchester, to Glasgow on Saturday 19 July.

The team is set to catch the coach back to Manchester on Monday 4 August after the competition.

Tom Stables, National Express UK Coach Managing Director said: "This country has a fantastic cycling team packed with stars of the road and track and it's a great honour to be able to take them up to Glasgow to compete for the nation.

"We have five direct coach services going from Manchester to the Games and we’d urge fans that haven’t done so to book their travel now and cheer on Team England."

Team England cycling team's technical director Shane Sutton OBE said: "On behalf of the Team England cycling squad, I’d like to thank National Express for transporting the team and all our kit to and from the Commonwealth Games."

National Express is an official Team England sponsor and has been supporting the athletes by providing all medal winners at the 2010 Commonwealth Games in Delhi with free coach travel.

The UK’s largest coach operator is also providing free travel for Team England athletes' friends and family to the Glasgow Games this summer so they can see their loved ones compete.

National Express runs five daily coach services from Manchester to Glasgow including an overnight service.

Single journeys start at a very competitive £15.35. Visit www.nationalexpress.com for more information.

Mon, 21 Jul 2014

Pupils get a ticket to ride to see top athletes train

National Express has given a group of school children a golden ticket to see some of the nation’s finest athletes train for the Commonwealth Games.

On Friday (18 July) the UK’s largest coach operator took 15 pupils from Wilmslow High School to Sport City in Manchester in a special gold liveried Team England coach, to watch top English athletes while they prepare for the Games in Glasgow.

Pupils rubbed shoulders with some of the stars of the track and field including Richard Kilty, current world indoor 60m champion and 2010 Commonwealth 110m hurdles gold medallist Andy Turner.

There the youngsters got training tips from the team coaches and watched the athletes strut their stuff.

The day came about because National Express is providing the Team England athletics squad with two coaches to ferry them between their hotel and the stadium where they train.

Tomorrow (22 July, 2014) the coaches – resplendent in Commonwealth Games England livery – will take the team to Manchester Airport where they will fly to Glasgow and compete.

National Express UK Coach Managing Director Tom Stables said: “This country has a fine athletics team with a huge array of experience so it's great for these students to be able to watch them train and get tips. We are glad to have been able to provide our special Commonwealth Games coaches for the occasion.

“National Express is a proud sponsor of Team England and it’s a great honour to be able to take the athletics team up to Glasgow to compete on behalf of the nation and cheer on Team England.”

National Express is an official Team England sponsor and has been supporting the athletes by providing all medal winners at the 2010 Commonwealth Games in Delhi with free coach travel.

The UK’s largest coach operator is also providing free travel for Team England athletes’ friends and family to the Glasgow Games this summer so they can see their loved ones compete.

National Express runs five daily coach services from Manchester to Glasgow including an overnight service.

Tue, 15 Jul 2014

National Express Dundee thanks Passenger Champion

Greig Mackay, Bus Users Scotland, Phil Smith, Managing Director National Express Dundee, Luci McLeishNational Express Dundee has applauded one of its regular passengers for her constructive feedback, helping the bus operator to monitor and improve its services. 

Luci McLeish, who works at the University of Dundee, commutes to the city centre using a variety of services which operate between Dundee and Broughty Ferry and gets in touch with the company regularly to update managers on any issues with the Outer Circle services in that area. 

At National Express Dundee’s recent Open Day, Managing Director Phil Smith named Luci the operator’s first Passenger Champion and presented Luci with a bouquet of flowers to thank her for her contribution. 

Phil Smith said “We welcome constructive feedback from members of the public, as their comments can help us shape our services to ensure they’re meeting the needs of the people who use them.

“Luci has been our ‘eyes and ears’ on our Broughty Ferry corridor for some time now and we thought it appropriate to mark her contribution and say thanks.  I hope she’ll continue to use the bus and providing useful feedback."

Fri, 11 Jul 2014

National Express backs Stacey’s medal bid

A Birmingham-born netball player has had a coach named in her honour as she prepares to fight for a medal at the Commonwealth Games.

Stacey Francis today (Friday 11 July) pulled the wraps off her dedication on an iconic white National Express coach after she was selected to compete for Team England in the Commonwealth Games in Glasgow this summer.

The 26-year-old who comes from Digbeth, has been competing internationally since she was fifteen and won a bronze medal during the Commonwealth Games in 2010 in Delhi.

Since then she has been supported by National Express - an official partner of Commonwealth Games England - who gave her and other medal winners at Delhi free travel on the national coach network.

As a further show of support for Stacey, National Express has extended her free travel by four years.

Stacey said: "One of my main expenses as a netballer is the cost of travel because you need to get to training centres and games, so my coach pass has been a massive help.  Full-time training is very tiring and having to drive around adds to the stress so being able to sit back and relax really helps.

"Most athletes don't get enough funding to cover all living costs so initiatives like this are vital to be able to compete."

Tom Stables, National Express UK Coach Managing Director said: "It is a great honour to name this coach after Stacey and we are thrilled to be able to support her in her training and preparation with a free coach pass.  We wish her every success in the Games.

"National Express is a proud sponsor and partner of Team England and we are set to carry Team England fans on our direct services right to the heart of Glasgow - the Games' host city."

National Express is running three daily coach services from Birmingham to Glasgow during the Games, with fares starting at £10 one way, providing Team England fans with a convenient and affordable transport link.

The national coach operator is also running an overnight service between Birmingham and Glasgow, so people can enjoy their event and take an overnight coach home - saving the need for accommodation.

You can watch an interview with Stacey Francis below:

Team England's Stacey Francis video

To find out more information or to check timetables visit www.nationalexpress.com or call the National Express Birmingham-based call centre 24/7 on 0871 781 8181.

Thu, 10 Jul 2014

Minister welcomes major new travel initiative 'by young people, for young people'

Minister for Civil Society Nick Hurd MP has welcomed a major new travel initiative which is designed by young people for young people.

The Minister commended as excellent the National Express Youth Promise, an industry-leading package of commitments by the UK's largest coach operator shaped by members of The Youth Parliament, which was launched at an event at London's Transport Museum yesterday.

Tom Stables, National Express UK Coach Managing Director at the launch event yesterday
Tom Stables, National Express UK Coach Managing Director at the launch event yesterday

Developed in partnership with The British Youth Council, the National Express Youth Promise is built around five core pledges made by the national coach operator.

These include:

  • An ongoing commitment to deliver value travel
  • Working at a grassroots level with young people in the communities across the UK
  • Supporting young people into work and education
  • Delivering the most accessible public transport network possible
  • Providing platforms on which to showcase youth talent

Young people from the Youth Parliament including those who advised on the government's Youth Select Committee's report on transport were specially selected by the UK's biggest coach operator to advise on the package, which is believed to be a first in the UK travel industry.  It represents a shift in gear for the transport operator by offering a dedicated focus to young people aged 15-26 as well as the traditional student market which is readily associated with National Express.

To date, National Express remains the only transport company to have followed up on the Youth Select Committee's report of Transport and Young People.  This recommended the involvement of young people in regards to transport decision-making, engaging with disabled young people in discussions about access to public transport and the provision of affordable travel.

Amongst other things, the National Express Youth Promise will see the coach company create apprenticeships, roll out a structured work experience scheme and invest thousands of hours in young people's causes.  All National Express staff will be given a day's paid annual leave every year to spend conducting voluntary youth work.  Unlike some other major organisations, some of whom pay younger staff less than those older employees in the same role, National Express also remains committed to offering equal pay for the same role for all frontline staff, regardless of their age.

To ensure the coach operator stays on track, a Youth Panel will be created to continually engage with young people and help maintain regular dialogue around the issues affecting young person's travel.

Additionally, the Covent Garden event saw the UK's largest coach operator announce major new partnerships with The Scouts, The Prince's Trust and disabled children's charity Whizz Kidz.

Minister for Civil Society Nick Hurd MP said: "In launching this Youth Promise, designed by young people, National Express has demonstrated their commitment to supporting the next generation.  More than that, they have shown that they are prepared to give young people a genuine say in how things work, and then to listen.  We now look forward to this promise being delivered.

"This is an excellent example of cross-sector collaboration with National Express working with the British Youth Council and other charities.  We urge others to do the same and let the young people who will shape our future start improving things for them from today."

Marc Kidson, Chair of the British Youth Council said: "National Express is an institution and travelling on its coaches has long been seen as a rite of passage for students across the UK.  Time and time again we hear that transport is one of the areas which matters the most to young people so it is absolutely fantastic to see this company take its commitment to young people even further with its groundbreaking Youth Promise, which we believe is industry-leading.  To date, National Express remains the only transport company to have followed up on the Youth Select Committee's report on transport and we hope the Youth Promise inspires other companies to create similar schemes."

Tom Stables, National Express UK Coach Managing Director said: "In partnership with The British Youth Council we are absolutely thrilled to launch the National Express Youth Promise which has been designed for young people by their peers.  Transport is an absolutely crucial area for young people - it signifies their first steps towards independence, offers the opportunity to connect with family and friends and a means to explore the wider world and all the opportunities that go with it.  It was absolutely crucial to us to engage with young people on our plans from the outset - and we didn't want an easy ride.  Thanks to the input of all the young people involved we've been able to pull together a package of benefits which we really hope will benefit young people in all parts of the UK.  We'd like to say an enormous thank you to all involved and we really look forward to continued engagement via our new Youth Panel."

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