|
Mobico Group PLC on Monday said overall revenue grew at the start of the year, despite a decline in the UK and Germany. The Birmingham, England-based public transport operator said revenue rose 9% on-year in the first quarter of 2025, amid growth in passenger demand. This was boosted by 13% growth in North America, with an increase in billable hours in WeDriveU across contracts. Further, revenue via Spanish road passenger firm ALSA was up 13%. However, revenue in the UK was down 2%, while in Germany it declined by 3%. In the UK, Mobico said it continued to ‘execute a large scale complex turnaround’ while in Germany, there were higher penalties due to cancellations caused by driver shortages sector-wide. Separately, Mobico announced that Executive Chair Phil White bought 330,000 shares at around 28.74 pence each on Wednesday for a total of £94,832. Mobico shares fell 0.6% to 27.56 pence each on Monday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
