Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Trainline Doubles Profit Amid Accelerating European Sales Despite Nationalisation Threat

by May 3, 2024
May 3, 2024
Trainline Doubles Profit Amid Accelerating European Sales Despite Nationalisation Threat

Trainline has announced a remarkable surge in operating profit, exceeding 100 per cent growth last year, propelled by robust ticket sales, according to its latest annual results.

The company revealed a doubling of operating profit from £28 million in 2023 to £56 million in the 12 months leading up to 29 February.

Driven by strong European demand and reduced impact from UK rail strikes, new ticket sales surged by 22 per cent to £5.3 billion, up from £4.3 billion in 2023, contributing to a 21 per cent revenue growth to £397 million.

Trainline proudly claimed the title of Europe’s most downloaded rail app during this period, with notable success stories in Spain and Italy. Sales growth in these regions soared by 43 per cent collectively, with Spain witnessing a doubling of domestic ticket sales for the second consecutive year.

Jody Ford, Trainline’s chief executive, hailed the company’s role as the preferred aggregator both in the UK and internationally, highlighting its strong performance in rapidly liberalising markets such as Spain.

With the anticipation of heightened competition from new entrant carriers in Italy, France, and the UK in the near future, Trainline anticipates an era of unparalleled growth in rail travel.

In addition to its financial success, Trainline unveiled a new £75 million buyback programme following the completion of the existing one. Under the current £50 million programme, £38 million worth of shares have already been repurchased as of April 2024.

Looking ahead, Trainline forecasts year-on-year net ticket sales growth of 8 to 12 per cent in 2025, accompanied by revenue growth ranging from 7 to 11 per cent.

Despite its stellar performance, concerns linger among investors regarding the potential impact of Labour’s proposal to renationalise UK railways. However, analysts like Mark Crouch from eToro remain optimistic about Trainline’s resilience, viewing it as a testament to the efficiency and innovation fostered by the private sector.

Trainline’s shares have surged by 26 per cent over the past 12 months, underscoring investor confidence in its continued growth trajectory.

Read more:
Trainline Doubles Profit Amid Accelerating European Sales Despite Nationalisation Threat

0
FacebookTwitterGoogle +Pinterest
previous post
Government’s Natwest Sale Raises Concerns, FTSE 250 Chief Warns
next post
Goldman Sachs Lifts Bonus Cap for UK Staff, Allowing Earnings up to 25 Times Annual Salary

You may also like

Some firms unaware of England’s new single-use plastic...

September 29, 2023

Tesla sales plunge 49% across Europe in April...

May 28, 2025

Understanding Email Segmentation: Targeting the Right Audience for...

November 20, 2024

Dubai Investment Fund Continues to Explore Dubai’s Technology...

August 17, 2022

How your company can benefit from business car...

June 13, 2023

JD Vance says there’s a ‘good chance’ of...

April 15, 2025

Invest in Public Liability Insurance to Protect Your...

March 7, 2023

Deliveroo losses soar to £147m as cost of...

August 10, 2022

UK Businesses Face Elevated Financial Distress Amidst European...

February 5, 2024

‘Realistic’ sellers cut house asking prices by £14,000

April 5, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • White House takes interest in proposed Russian sanctions as Ukraine War peace talks drag on

      June 12, 2025
    • Trump’s plan to slash ‘woke’ foreign aid, NPR funds clears House as Senate battle looms

      June 12, 2025
    • What the S&P 500, VIX, and ARKK are Telling Us Now

      June 12, 2025
    • Trump’s Lawless, Baseless Immigration Ban

      June 12, 2025
    • Democrat grills Hegseth on whether he’ll take ‘accountability’ for Signal chat once DOD IG report drops

      June 12, 2025
    • Trump warns Israel strike on Iran ‘could happen’ amid Middle East evacuation, nuclear negotiations

      June 12, 2025

    Categories

    • Business (8,200)
    • Investing (2,031)
    • Politics (15,621)
    • Stocks (3,143)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved