Go-Ahead in gear for year ahead

FTSE 250 transport firm Go-Ahead said trading in the year to date has been resilient and its remains confident of delivering full year results in line with company expectations.

Its bus division performed well in a challenging economic environment and it remains on track to achieve its target to organically grow bus operating profit to £100m by 2015/16.

Rail revenue yield in the quarter has been more modest than in the first half of the year, as January fare increases were lower than last year.

Overall the group saw a resilient performance across its operations, with all of its companies seeing growth in commercial revenue in the year to date.

"I remain confident that we will deliver a full year result in line with our expectations," said Chief Executive David Brown.

Go-Ahead said it remains in a good financial position with strong cash generation and a robust balance sheet.

CJ