First’s annual results in line with expectations
Overall trading for FirstGroup in the year ending 31 March 2015 was reported to be in line with management expectations. It achieved revenue of £6,050.7m (2014: £6,717.4m), down 9.9%. However, its EBITDA rose 7.7% to £624.4m (2014: £579.8m) and its adjusted operating profit was £303.6m (2014: £268m), a 13.3% increase. First’s UK Bus division achieved […]