| Revenue |
Profit before tax |
Earnings per share |
| £2,238.0m |
£180.2m |
27.0p |
| Operating profit |
Operating margin |
Dividend |
| £225.2m |
10.1% |
9.5p |
Click to enlarge
| Revenue |
Operating profit |
| £551.1m |
£90.1m |
ALSA
Our Spanish business, ALSA, operates
long distance, regional and urban bus
and coach services across Spain and
in Morocco.
ALSA was acquired by National Express
in 2005, and our position in Spain was
strengthened with the acquisition of
Continental Auto in 2007. Apart from its
position in bus and coach
services, the business also operates
service areas and other transport-related
businesses, such as fuel distribution.
Click to enlarge
| Revenue |
Operating profit |
| £481.0m |
£47.9m |
Durham School Services
Stock Transportation
Our business in North America is
focused solely on student transportation
and operates in 30 US states and four
Canadian provinces.
The business operates through medium-term
contracts awarded by local school
boards to provide safe and reliable
transport for students, and is the second
largest private operator in North America.
Click to enlarge
| Revenue |
Operating profit |
| £263.5m |
£32.7m |
National Express West Midlands
National Express Coventry
National Express Dundee
Midland Metro
National Express is the market leader in the UK’s largest urban bus market outside of London. We also run bus services in Coventry and Dundee. We operate more than 1,600 vehicles and cover over 70 million miles per year.
We operate the Midland Metro light rail service between Birmingham and Wolverhampton.
Click to enlarge
| Revenue |
Operating profit |
| £259.1m |
£34.9m |
National Express
Eurolines
The Kings Ferry
National Express is the largest operator
of scheduled coach services in the UK.
The business operates high frequency
services linking around 1,000 destinations
across the country.
We are the UK partner in the Eurolines
network which serves over 500
destinations across Europe and
North Africa.
Click to enlarge
| Revenue |
Operating profit |
| £688.3m |
£43.4m |
c2c
National Express operates the industry-leading c2c franchise which serves London and South Essex. It is an important commuter route serving 25 stations on the line out of Fenchurch Street station, London. We ran National Express East Anglia until February 2012.
All profit and margin numbers unless otherwise stated
refer to normalised results, which can be found on
the face of the Group Income Statement in the first
column. The definition of normalised profit is as follows:
Statutory result excluding profit or loss on the sale
of business, exceptional profit or loss on sale of noncurrent
assets and charges for goodwill impairment,
intangible asset amortisation, exceptional items and
tax relief thereon, for continuing operations. The Board
believes that the normalised result gives a better
indication of the underlying performance of the Group.
Operating margin: the ratio of normalised operating
profit to revenue for continuing businesses.
Click to enlarge
