National Express chief exec positive on end of year results

by Alister POOLE on December 21, 2011

The chief executive of National Express has today said that the company has finished 2011 in “excellent shape”, with sales growth reported across all of its divisions.

National Express expects to report revenue growth across its train, coach, and bus divisions for 2011 as increased petrol prices forced Britons from using their cars and instead relying on public transport. The company said that it is still in line to match full-year profit expectations because rail revenues grew six per cent this year while bus revenues are expected to be four per cent higher and coach revenues five per cent higher.

The chief executive of National Express, Dean Finch, commented that National Express will finish 2011 in excellent shape. Today’s update came as the ATOC, the Association of Train Operating Companies, exclusively revealed that prices will increase by almost six per cent this January, which follows an average 6.2 per cent increase experienced at the beginning of this year.

Elsewhere, National Express’ coach and bus divisions faced pressure from a possibly harmful Competition Commission report that called for reforms in order to make it much easier for new entrants trying to gain a foothold while preventing existing companies from being able to undermine rivals.

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