‘Good start’ for NatEx
National Express Group Plc has made a ‘good start’ to the year, according to its Interim Management Statement for the period from 1 January 2015 to date. Its revenue is up 4% (in constant currency) and it is on track to deliver its profit and cash expectations for the year. All its divisions have delivered revenue growth, supported by passenger demand rising 2%. Strong financial performance was reported in its UK Bus business, supported by passenger demand and cost control. During the period, it won new contracts in its UK Coach division to operate from Stansted Airport and with British Airways to provide transport services for passengers and crew across the UK. During the period, it has made a bid for Lisbon Bus and Metro franchises, as well as a joint bid to operate a 400 vehicle urban bus service contract in Makkah, Saudi Arabia.