Go-Ahead reports full year revenues ahead of expectations

Go-Ahead Group, which operates a huge bus network and several big rail franchises, has beaten expectations for full-year revenue but admits its Southern rail franchise is suffering in the downturn.

Go-Ahead Group, which operates a huge bus network and several big rail franchises, has beaten expectations for full-year revenue but admits its Southern rail franchise is suffering in the downturn.

Revenue for the year was £2.424bn, 5.5% ahead of the previous year with the company pointing to "strong passenger revenue growth" in the deregulated bus and train divisions as the driver for the upturn. The market consensus had been for revenues of £2.389bn.

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