Mobico Group PLC
DUS:3NA

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Mobico Group PLC Logo
Mobico Group PLC
DUS:3NA
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Price: 0.254 EUR -1.55%
Market Cap: €155.6m

Mobico Group PLC
Investor Relations

Mobico Group is a passenger transport company that moves people by bus and coach under brands such as National Express and ALSA. It runs scheduled intercity coaches, local bus routes, airport links, and other contracted transport services in the UK, Spain, North Africa, and North America. Its customers are everyday travelers, commuters, schools, employers, local governments, and public agencies that need reliable transport services. The company makes money mainly in two ways: by selling tickets directly to passengers and by operating transport services under contracts with public or private customers. In contract work, Mobico provides the vehicles, drivers, scheduling, and day-to-day service, while the customer often pays for the service to be run rather than for each individual trip. This gives the business a mix of consumer fare revenue and longer-term service agreements. What makes Mobico different is that it is not a manufacturer or a pure ticketing company. It sits in the middle of the transport chain, owning and operating the service that passengers actually use. That means its business depends on running routes efficiently, keeping schedules dependable, and winning transport contracts where operators are needed to manage daily travel for large groups of people.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Sep 9, 2025
AI Summary
Q2 2025

Revenue Growth: Group revenue rose 7% year-on-year to GBP 1.3 billion, driven mainly by strong performance in ALSA and WeDriveU.

Profitability Challenge: Adjusted operating profit fell by GBP 8.7 million to GBP 59.9 million, mainly due to operational problems in WeDriveU and underperformance in several divisions.

Guidance Reaffirmed: Management expects full-year 2025 profit to be in line with previous guidance of GBP 180–195 million.

ALSA Strength: ALSA remains the group's strongest business, with double-digit underlying profit growth and successful diversification.

Cost Control Focus: New management is prioritizing cost reductions, overhead cuts, business simplification, and tighter capital expenditure.

Debt Reduction: Proceeds from the School Bus sale are being used to deleverage, aiming for a year-end covenant gearing of 2.5x.

Strategic Changes: U.K. Coach will join ALSA to create a pan-European coach business, targeting efficiency and synergy.

Problem Contracts: Ongoing operational and financial issues in WeDriveU (Washington contract) and German Rail are being actively addressed.

Key Financials
Revenue
GBP 1.3 billion
Adjusted Operating Profit
GBP 59.9 million
Full Year Profit Guidance
GBP 180–195 million
Free Cash Flow
GBP 57.8 million
Return on Capital Employed
11.6%
Adjusted Net Debt
GBP 1.3 billion
ALSA Revenue Growth
over 13%
ALSA Underlying Profit Growth
around 10%
ALSA Adjusted Operating Profit
GBP 82 million
WeDriveU Revenue Growth
over 13%
WeDriveU Operating Profit
$3.4 million
German Rail Turnover
EUR 143 million
German Rail Operating Profit
EUR 0.6 million
Covenant Gearing
3x at June 30th (would have been 2.7x with School Bus proceeds)
Funding from TfWM (U.K. Bus)
GBP 26.2 million
U.K. Bus Operating Loss
GBP 0.5 million (negative)
Growth Capital Expenditure
GBP 61.5 million
Earnings Call Recording
Other Earnings Calls
2025
2019

Management

Mr. Jose Ignacio Garat Perez
Group CEO & Director
No Bio Available
Ms. Helen Cowing
Group Chief Financial Officer
No Bio Available
Mr. Kevin Gale
Group Operations Director
No Bio Available
Ms. Emer McNally
Group Chief Information Officer
No Bio Available
Mr. Simon Callander
Group General Counsel & Company Secretary
No Bio Available
Ms. Karen Myers
Group HR & Corporate Communications Director
No Bio Available
Mr. Chris Hardy
Managing Director of Coach
No Bio Available
Mr. Craig Barker
Head of Safety - UK Coach
No Bio Available
Mr. Erick Van Wagenen
CEO of North America Transit & Shuttle
No Bio Available
Mr. Tim Wertner
CEO of North America School Transportation
No Bio Available

Contacts

Address
WARWICKSHIRE
Birmingham
National Express House, Mill Lane, Digbeth
Contacts
+448450130130
www.mobicogroup.com
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