Trainline PLC on Monday raised its annual outlook as ticket sales rose.
Shares in the London-based rail ticketing platform jumped 9.2% to 368.03 pence each on Monday morning in London. Earlier the price reached 378.00p.
The company now expects annual net ticket sales growth of 12% to 14%, its outlook bumped up from the top end of an 8% to 12% growth range. In financial 2024, net ticket sales were £5.30 billion, up 22% from financial 2023.
Trainline’s financial year ends on February 28.
A revenue rise between 11% and 13% is now expected, the forecast raised from the top end of a 7% to 11% range. Revenue last year was £397 million, up 21% from financial 2023.
It now expects adjusted earnings before interest, tax, depreciation and amortisation to be around 2.6% of net ticket sales. Trainline’s previous guidance was for it to exceed 2.5%.
In the six months to August 31, net ticket sales were up 14% year-on-year £3.0 billion, and revenue rose 17% £229 million. Adjusted Ebitda shot up 44% to £82 million in the half-year from £57 million a year ago.
In September, Chief Executive Officer Jody Ford had said performance was strong due to the company’s ‘relentless focus on innovation’ helping customers to choose digital ticketing.
Trainline will publish its full half-year results on November 7.
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