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Trainline PLC on Thursday posted a narrowed annual loss, as significantly higher net ticket sales signal a recovery for the rail industry from the pandemic.
For the year ended February 28, the firm narrowed its pretax loss to £15.5 million from £106.8 million a year prior. Revenue rose to £188.5 million from £67.1 million as net ticket sales jumped to £2.52 billion from £783 million a year ago.
Trainline shares were 6.1% higher at 294.80 pence each in London on Thursday morning.
The online train and coach ticketing platform cut its net debt to £90 million from £241 million. Adjusted earnings before interest, taxes, depreciation, and amortisation swung to a profit of £39.0 million from a loss of £24.9 million.
For its current financial year, the firm expects revenue to grow further to between £280 million and £310 million, higher than the £260.8 million it posted in its financial year ended February 2020, before Covid restrictions were first introduced in the UK.
The company sees its ticket sales climbing to between £3.8 billion and £4.2 billion, also above financial 2020 when it posted £3.73 billion in net ticket sales. Adjusted Ebitda will be around £70 million to £75 million, the firm said, which is lower than £85.2 million in financial 2020.
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