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Go-Ahead Group PLC (GOG.L)

GOG.L on London Stock Exchange

1,569.00GBp
18 Dec 2018
Change (% chg)

-36.00 (-2.24%)
Prev Close
1,605.00
Open
1,613.00
Day's High
1,613.00
Day's Low
1,551.00
Volume
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2,004.00
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1,310.00

Latest Key Developments (Source: Significant Developments)

Go-Ahead Says FY Overall Results Ahead Of Expectations
Thursday, 6 Sep 2018 02:01am EDT 

Sept 6 (Reuters) - Go-Ahead Group PLC ::FY REVENUE FELL 0.6 PERCENT TO 3.462 BILLION STG.FY OVERALL RESULTS AHEAD OF EXPECTATIONS.MAINTAINED FULL YEAR DIVIDEND OF 102.08P.FY PROFIT BEFORE TAX 145.7 MILLION STG VERSUS 136.8 MILLION STG.EXPECT TO DELIVER A ROBUST PERFORMANCE IN 2018/19.REMAIN ON TRACK TO MEET TARGET OF GENERATING 15 PCT TO 20 PCT OF GROUP OPERATING PROFIT FROM INTERNATIONAL OPERATIONS BY 2022.EXPECT FREE CASH FLOW GENERATION TO BE STRONG, RESULTING IN A FURTHER REDUCTION IN NET DEBT EXCLUDING RESTRICTED RAIL CASH.WILL TARGET A DIVIDEND PAYOUT RATIO OF 50 PCT TO 75 PCT OF NET INCOME.EXPECT OPERATING PROFIT TO SHOW A SLIGHT IMPROVEMENT ON LEVEL ACHIEVED IN 2017/18.LONDON BUS BUSINESS WILL SEE REDUCTION IN MILEAGE FOR 2018/19 RESULTING FROM TFL BUDGET PRESSURES, SOME CONTRACT LOSSES TOWARDS END OF 2017/18.  Full Article

Go-Ahead Group Says CFO Patrick Butcher To Join Capita Plc
Wednesday, 22 Aug 2018 02:01am EDT 

Aug 22 (Reuters) - Go-Ahead Group PLC ::GO-AHEAD GROUP PLC - GO-AHEAD ANNOUNCES DEPARTURE OF CFO.GO-AHEAD GROUP PLC - PATRICK BUTCHER, GROUP CHIEF FINANCIAL OFFICER, WILL BE LEAVING GROUP TO JOIN CAPITA PLC AS CHIEF FINANCIAL OFFICER.GO-AHEAD GROUP PLC - HAS BEGUN A PROCESS TO APPOINT A SUCCESSOR AND A FURTHER ANNOUNCEMENT WILL BE MADE IN DUE COURSE..GO-AHEAD GROUP PLC - BUTCHER WILL BE STAYING WITH GO-AHEAD FOR NEXT FEW MONTHS.  Full Article

Go-Ahead Says have agreed to change reference inflation index
Wednesday, 28 Mar 2018 02:00am EDT 

March 28 (Reuters) - Go-Ahead Group Plc ::PENSION INDEXATION CHANGED.GO-AHEAD - ‍GROUP AND TRUSTEE OF GO-AHEAD GROUP PENSION PLAN HAVE AGREED TO CHANGE REFERENCE INFLATION INDEX FOR PURPOSE OF ANNUAL INCREASES TO MAJORITY OF PENSIONS PAYABLE BY PLAN​.‍FROM 1 APRIL 2018 ONWARDS, CONSUMER PRICES INDEX ("CPI") WILL BE USED TO INCREASE PENSIONS IN PAYMENT RATHER THAN RETAIL PRICES INDEX​.GO-AHEAD - ‍DECISION FOLLOWS A DETAILED REVIEW BY GROUP AND PLAN TRUSTEE AND A 60 DAY CONSULTATION PROCESS WITH RELEVANT EMPLOYEES THAT CLOSED ON 7 MARCH 2018​.  Full Article

Go-Ahead Lifts ‍Full-Year Expectations Due To One-Off Rail Benefits​
Thursday, 22 Feb 2018 02:00am EST 

Feb 22 (Reuters) - Go-Ahead Group Plc ::INTERIM DIVIDEND 30.17 PENCEPER SHARE.‍FULL YEAR EXPECTATIONS INCREASE, DUE TO ONE-OFF RAIL BENEFITS​.‍BUS DIVISION RESULTS STABLE AND IN LINE WITH EXPECTATIONS - OPERATING PROFIT OF £46.6M (H1'17: £46.4M)​.‍RAIL DIVISION RESULTS AHEAD OF EXPECTATIONS FOR HALF YEAR - REPORTED OPERATING PROFIT OF £40.3M (H1'17: £26.6M), INCLUDING ONE-OFF RAIL BENEFITS​.  Full Article

Go-Ahead Group sees to deliver full year results in line with expectations​
Thursday, 30 Nov 2017 02:00am EST 

Nov 30 (Reuters) - GO-AHEAD GROUP PLC ::‍FULL YEAR EXPECTATIONS UNCHANGED IN BUS AND RAIL​.‍GROUP WILL DELIVER FULL YEAR RESULTS IN LINE WITH ITS EXPECTATIONS​.IN BUS, REGIONAL REVENUE AND PASSENGER TRENDS ARE IN LINE WITH EXPECTATIONS AND LONDON REVENUE, MILEAGE AND PEAK VEHICLE REQUIREMENTS ARE AS ANTICIPATED​.‍IN RAIL, TRADING HAS BEEN SATISFACTORY IN PERIOD​.  Full Article

Go-Ahead posts ‍FY operating profit of 150.6 mln pounds
Thursday, 7 Sep 2017 02:00am EDT 

Sept 7 (Reuters) - GO-AHEAD GROUP PLC ::FY REVENUE ROSE 3.6 PERCENT TO 3.481 BILLION STG.‍RESULTS IN LINE WITH EXPECTATIONS​.‍PROPOSED FINAL DIVIDEND INCREASE OF 6.5%, IN LINE WITH RISE IN INTERIM DIVIDEND, RESULTING IN A FULL YEAR DIVIDEND OF 102.08P​.‍FY BUS AND RAIL OPERATING PROFIT AT £90.7M (2016: £91.2M) AND £59.9M (2016 RESTATED: £71.4M)​.‍AGREEMENT REACHED IN JULY WITH DFT ON GTR CONTRACTUAL VARIATIONS RELATING TO INDUSTRIAL ACTION HAS REDUCED FINANCIAL UNCERTAINTY​.‍PROGRESSING TOWARDS A NEW TARGET FOR INTERNATIONAL OPERATIONS TO CONTRIBUTE 15% TO 20% OF GROUP PROFIT WITHIN FIVE YEARS​.‍ACTIVELY EXPLORING FURTHER BUS AND RAIL OPPORTUNITIES IN NORDIC REGION AND AUSTRALIA​.‍FY OPERATING PROFIT 150.6 MILLION STG VERSUS 162.6 MILLION STG YEAR AGO​.INTERNATIONAL PROGRESS WILL SEE SOME OF LOST REVENUE FROM LONDON MIDLAND FRANCHISE REPLACED WITH CONTRACTS IN SINGAPORE BUS, DUBLIN BUS AND GERMAN RAIL​.‍REGIONAL BUS TRADING IN EARLY PART OF YEAR HAS BEEN CONSISTENT WITH Q4 OF PRIOR YEAR​.‍EXPECT A SLIGHT IMPROVEMENT IN REGIONAL BUS PERFORMANCE AS ONE-OFF COSTS IN 2016/17 NO LONGER IMPACT RESULTS​.‍OUTCOMES OF DISCUSSIONS, RELATING TO EVENTS UP TO 1 JULY, IS THAT IMPACT ON RAIL PROFITABILITY IS LIKELY TO BE WITHIN A RANGE OF PLUS OR MINUS £5M​.‍RECENT OUTCOMES REDUCES OUR EXPECTATIONS OF RAIL DIVISION PROFITABILITY FOR CURRENT FINANCIAL YEAR​.  Full Article

Go-Ahead Group wins outer Dublin bus contract
Thursday, 10 Aug 2017 06:31am EDT 

Aug 10 (Reuters) - GO-AHEAD GROUP PLC ::GO-AHEAD AWARDED OUTER DUBLIN BUS CONTRACT.‍CONTRACT, WHICH IS FIRST OPEN TENDER PROCESS RUN BY NTA, COMPRISES 24 ROUTES, 125 BUSES AND AROUND 350 DRIVERS​.‍CONTRACT WILL RUN FOR FIVE YEARS, FROM LATE 2018, WITH A POSSIBLE TWO YEAR EXTENSION​.  Full Article

Go-Ahead Group says expectations for full year unchanged
Thursday, 22 Jun 2017 02:00am EDT 

June 22 (Reuters) - Go-ahead Group Plc ::Overall expectations for full year are unchanged.Group remains in a strong financial position, with good cash generation and a robust balance sheet."Regional bus continues to deliver revenue growth broadly in line with our expectations and slightly ahead of wider industry trends".Refinancing sterling bond is well underway and scheduled to be complete later this month, ahead of its maturity in September 2017."As a result of lower interest rates, we anticipate finance costs to reduce in 17/18".In Southeastern Rail, passenger growth has continued to slow, putting pressure on passenger revenue.No significant industrial action on Southern services in last five months, consequently, service,performance levels stabilised.Says ongoing discussions with Department Of Transport regarding a number of contractual variations.Management's judgement around discussions and potential impact on rail profitability remains consistent with previous guidance.Await dft's announcement regarding outcome of west midlands franchise competition, for which co is shortlisted along with 1 other bidder.  Full Article

Go-Ahead says Q3 trading in line with management expectations
Thursday, 20 Apr 2017 02:00am EDT 

April 20 (Reuters) - Go-Ahead Group Plc ::Q3 trading statement.Trading in line with management expectations.Full year expectations for both bus and rail divisions are unchanged from update given at half year results on Feb. 28 2017.Group remains in a strong financial position, with good cash generation and a robust balance sheet..Q3 regional bus has continued to deliver increasing revenue in line with expectations.Although subdued, passenger volumes are outperforming wider industry, with growth in some regions offsetting declining volumes in other areas.Have begun process of refinancing our 200 mln stg sterling bond ahead of its maturity in September 2017.As a result of lower interest rates, we anticipate finance costs to reduce in financial year to June 2018..London midland continues to deliver a strong performance, with good levels of growth in revenue and passenger journeys.Franchise is expected to make profit share payments to DFT for remainder of contract, to October 2017.  Full Article

UK limits rail operator Go-Ahead's profits on troubled franchise

LONDON, Dec 4 Britain said it had capped the amount of profit UK transport company Go-Ahead and its French partner will make from a rail franchise in southern England after a new timetable caused widespread disruption earlier this year.