Mobico Group Plc (GB:MCG) has released an update.
Mobico Group PLC experienced a solid first quarter in 2024, with revenues rising to £801.9 million, a 3.5% increase from the previous year, and constant currency growth at 6.7%. The company’s ALSA segment showed robust growth with revenue up by 8.7%, and UK revenues increased by 9.5%, driven by UK Bus operations. Despite a slight decline in North America revenues by 0.8%, constant currency growth and strategic contract wins in the Transit and Shuttle division signal positive momentum.
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