Trainline reports recovery in profits, sales to pre-Covid levels
Trainline
413.20p
08:39 18/11/24
Trainline saw sales and profits recover to above their pre-Covid levels, driven by the rebound in UK Consumer and International Consumer net ticket sales.
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For the full-year ending on 28 February, the rail and coach technology platform said that net ticket sales jumped by 72%, for a 74% jump in revenues to £327m.
The latter were 25% above their 2020 financial year level.
In particular, the company highlighted the four-fold increase in net ticket sales in Spain against the pre-Covid level as routes were liberalised.
It also reported a near doubling in foreign travel sales with especially strong growth in those to inbound US customers.
Adjusted earnings before interest, taxes, depreciation and amortisation meanwhile were ahead by 121% to £86m and by 1% on the FY 2020 level.
Adjusted basic profit per share rose from -0.8p for the year before to 7.7p, although they remained 0.3p below the pre-Covid mark.
As of 1119 BST, shares of Trainline were ahead by 14.14% to 273.0p.