Half Year results for the six months ended 30 June 2021 - National Express Group PLC
www.nationalexpressgroup.com
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Group Revenue: £0.99bn Group EBITDA: £128.2m Group Underlying Operating Profit/(Loss): £22.9m Group Underlying Profit/(Loss) Before Tax: £0.1m Underlying basic EPS: (2.1p) Free cash flow: £40.6m Net debt2: £1,004.4m
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Please stay green today...
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Why the drop ?! I can’t see much wrong with their report ..
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Everyone on the bus?
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what's the bad news though?
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+14% over the last 5 days
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Thought there would have been more of an incline instead of struggling to hold above 270 .. let’s see what tomorrow brings ..
“I am pleased to see the continued improving performance trajectory across our business in the first four months of 2021 despite the ongoing lockdown restrictions. It is very encouraging to see the positive impact on profit delivery of the management actions taken last year.
I remain grateful for the tireless work and commitment of our colleagues, and for the ongoing support we continue to receive from both customers and authorities, once again demonstrating the strength of the relationships we have built over the years. Progress has been made on a number of the ‘big deltas’ outlined at the full year results presentation including the mobilisation of new fleet in Casablanca and the launch of new standard operating procedures in North America School Bus, already delivering financial benefits as part of our ‘Driving Excellence’ programme.
Whilst we remain focused on managing what we can control, we remain confident that as restrictions across the world are lifted we will see a strong recovery in demand for our services.”
Trading Update - National Express Group PLC
www.nationalexpressgroup.com
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If you are wondering why NEX is down today, its because swing sellers cashing out decent earnings report.
Honestly if we finish above 3£, going to be a strong sign stock might reach 4£ even before Holiday season. I was expecting ~2.95 after earnings report. Surprised so far stock is showing so much resistance.
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*UPDATE* National Express is pleased to announce the acquisition of Transportes Rober (Rober) in Spain for a headline consideration of #$%$13 million, which represents 2.6 times EBITDA.The acquisition of Rober, which has operated the urban bus contract in Granada for more than 20 years, represents a further step in consolidating the regional and urban bus markets, a strategy which ALSA has successfully executed in Galicia, the Basque Region and Leon amongst others. Granada is a major hub for long haul connections and builds on ALSA?s existing urban business in Almeria and regional services, consolidating our leadership position in Andalusia with a combined fleet of 650 vehicles and 1,900 employees.READ MORE: https://www.nationalexpressgroup.com/newsmedia/corporate-news/2021/acquisition-of-transportes-rober/
https://www.nationalexpressgroup.com/newsmedia/corporate-news/2021/half-year-results-for-the-six-months-ended-30-june-2021/
Group EBITDA: £128.2m
Group Underlying Operating Profit/(Loss): £22.9m
Group Underlying Profit/(Loss) Before Tax: £0.1m
Underlying basic EPS: (2.1p)
Free cash flow: £40.6m
Net debt2: £1,004.4m
https://www.nationalexpressgroup.com/newsmedia/corporate-news/2021/trading-update/
Ignacio Garat, Group Chief Executive, said:
“I am pleased to see the continued improving performance trajectory across our business in the first four months of 2021 despite the ongoing lockdown restrictions. It is very encouraging to see the positive impact on profit delivery of the management actions taken last year.
I remain grateful for the tireless work and commitment of our colleagues, and for the ongoing support we continue to receive from both customers and authorities, once again demonstrating the strength of the relationships we have built over the years. Progress has been made on a number of the ‘big deltas’ outlined at the full year results presentation including the mobilisation of new fleet in Casablanca and the launch of new standard operating procedures in North America School Bus, already delivering financial benefits as part of our ‘Driving Excellence’ programme.
Whilst we remain focused on managing what we can control, we remain confident that as restrictions across the world are lifted we will see a strong recovery in demand for our services.”
Honestly if we finish above 3£, going to be a strong sign stock might reach 4£ even before Holiday season. I was expecting ~2.95 after earnings report. Surprised so far stock is showing so much resistance.