Press releases
Interim results for the six months to 30 June 2007
6 September 2007
Highlights
- Outlook for UK Trains division transformed by New Cross Country franchise gain
- Continued double-digit revenue and operating profit growth in
mainland Europe*
- Market positions significantly strengthened in Germany and Scandinavia
- First contract won in Poland
- Strong performance from UK Bus, operating profit ahead 16 per cent at £37.8 million
- Further improvements in operational performance at Arriva Trains Wales
- Revenue up 6 per cent to £909.2 million
- Operating profit marginally up at £52.9 million despite cost of three UK rail franchise bids. Including share of associates*, operating profit up 5 per cent
- Interim dividend up by 5 per cent to 5.59 pence
*Before goodwill impairment and intangible asset amortisation and including share of associated companies' revenue and operating profit
Commenting on the results, Arriva's chief executive, David Martin, said:
In 2007 so far we have further strengthened our position in Europe, made excellent progress on contract wins, and achieved improvements in operational performance in many parts of the group.
With a number of contracts won and due to start over the coming months, we are already well positioned for 2008. The building blocks are in place for an exciting phase of profitable growth.
We are also continuing to explore numerous additional opportunities for further development of the business, both in our existing operating areas and in new European territories.
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