Driving mobility solutions

We have a clear vision and purpose

2021 has been the year of transition we had anticipated, with our services beginning to return to pre-Covid levels across all the territories in which we operate.

Download the Annual Report 2021

"There has never been a more exciting time for our sector which has a crucial role to play in tackling climate change and creating sustainable cities.”

Evolve & demand recovery delivering significantly improved results

Renewed strategic focus
  • Launched Evolve, targeting an incremental £1bn of revenue and at least £100m of EBIT from 2022 to 2027
  • Purpose embedded in our strategy and everything we do
  • Significant benefits from modal shift to shared mobility
Improving financial results
  • Full year Underlying PBT of £40m, at the top end of expectations
  • Constant currency revenue growth of 16%
  • £123 million of free cash flow generated
  • Disciplined capital allocation; significant deleverage with gearing reduced to 3.6x
Environmental leadership
  • Ambitious Group-wide zero emission fleet plans agreed, with a Group scope 1 & 2 net zero target of 2040
  • Signed our first ‘availability contract’ for around 200 electric buses in the UK
Positioned for profitable growth
  • Pipeline of growth opportunities amounting to £1.5bn of revenue
  • Intention to reinstate the payment of a dividend in respect of the full year 2022

Divisional review

Financial overview

Group Income Statement, Group Balance Sheet, Group Cash Flow Statement & Five Year Summary

Evolve Strategy

We have a clear vision and purpose, which drives everything we do

Investment case

Driving our business forward in sustainable and growing markets