FirstGroup PLC (FRA:FGR)
€ 2 0 (0%) Market Cap: 1.19 Bil Enterprise Value: 2.35 Bil PE Ratio: 11.50 PB Ratio: 1.43 GF Score: 71/100
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Half Year 2020 FirstGroup PLC Earnings Call Transcript

Nov 14, 2019 / 09:00AM GMT
Release Date Price: €1.48 (-0.67%)
Matthew Gregory
Firstgroup plc - CEO & Executive Director

Great. Well, good morning, everybody. Thank you very much for joining us today. Very pleased to see you all here. This morning, we're going to take you through our half year results, and I'll also give you an update on how we're progressing with our strategy.

But before we start, I'd like to introduce Ryan Mangold, our new CFO, who's up with me at the table today; and also, David Martin, who many of you know, our new Chairman, who become Chairman a couple of months ago. And he's here in the audience.

So to the headlines. Our clear divisional strategies continue to deliver in line with our expectations, with all divisions generating like-for-like revenue growth. Student had a strong bid season bolstered by continued above-inflation pricing and more bolt-on acquisitions. And Transit is winning additional business in the more exciting areas of the mobility market and is progressing with innovation trials. First Bus delivered revenue growth and is poised to deliver further cost savings in H2, and Rail generated GBP 49 million of

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