First Group

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 […]