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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€1.63 (+0.06%)

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€0.99 (+3.66%)

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€0.777 (-2.02%)

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Full Year 2020 FirstGroup PLC Earnings Call Transcript
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€0.5295 (-0.75%)

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€1.48 (-0.67%)

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Q3 2020 FirstGroup PLC Trading Statement Call Transcript

Mar 11, 2020 / 09:00AM GMT

Release Date Price: €1.15 (+7.67%)

Transcript

Operator

Hello, and welcome to the FirstGroup Winter Trading Update Call. (Operator Instructions) Just to remind you, this conference call is being recorded.

Today, I'm pleased to present Matthew Gregory, FirstGroup Chief Executive; and Ryan Mangold, FirstGroup Chief Financial Officer. Please begin your meeting.

Matthew Gregory

FirstGroup plc - CEO & Executive Director

Thank you. Good morning, everyone, and thank you for joining us on the call today. I'm joined by Ryan, by Rachael, Faisal and Nick as well as our Chairman, David Martin. We've got a couple of topics to update you on today. The launch of our disposal process for the North American contract businesses as well as an update on trading since our half year-end.

Let me start with our North American contract businesses. As you know, we previously set out the fact that we had appointed advisers to formally explore all options in respect to First Student and First Transit, including a potential sale. Today, I can confirm that we've completed this review, and we have concluded that a sale of

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