Half Year 2024 Trainline PLC Earnings Call Transcript

Nov 02, 2023

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Nov 02, 2023 / 08:30AM GMT
Operator

Good morning, everyone, and welcome to the Trainline results presentation. My name is Seb, and I will be the operator for your call today. (Operator Instructions) I will now hand over to Jody Ford, CEO of Trainline to begin the call. Please go ahead.

Jody Ford - Trainline Plc - CEO & Executive Director

Good morning, everyone.Thank you for joining us today for our half year results presentation. I'm Jody Ford, CEO of Trainline, and I'm joined by Peter Wood, our CFO. Let's first go through the disclaimer. On to the agenda for today. I'll give an introduction briefly discussing the progress we've made in the first half of the year. Peter talk you through our financial performance. I'll then update you on how we're progressing against our strategic priorities. Of that, we'll hand back to the operator for questions.

The group delivered a strong financial performance in the first half with net ticket sales up 23% and revenue up 19%. Together with the benefits of operating leverage, this drove a 26% increase in adjusted EBITDA, while our operating free

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