Mobico Group

Mobico has reached a principal agreement to sell its bus business in the West Midlands to the regional authority, with initial proceeds of around £24 million after transfer of liabilities. The transaction is based on gross assets of about £102 million; roughly £78 million will be deducted for transfer of liabilities and other costs, and £6.5 million will be retained as working capital. Deferred consideration of £5.5 million is payable in two tranches (end of 2027 and expected end of 2029). The division operates around 1,400 buses, generated £338 million in revenue and an adjusted operating profit of £2 million in the 15 months to 31 March 2026; completion is expected around November 2026 and is not expected to materially affect the group’s future earnings. » Altro su de.investing.com

Mobico unveiled its "Simplify, Strengthen, Succeed" strategy along with preliminary 2025 figures: revenue rose 6.2% to £2.8bn and adjusted operating profit increased to £198m. Investors reacted positively, sending the share price up about 31.7%. Net debt fell to £1.08bn thanks to disposals, but free cash flow dropped to £77.3m. For 2026 management expects adjusted operating profit of £195–210m and is prioritizing cost savings, monetization of UK bus assets and the restructuring of certain contracts. » Altro su de.investing.com

Mobico Group confirmed advanced negotiations with five public transport authorities in Germany over a realignment of rail service contracts in North Rhine-Westphalia and neighbouring regions. The aim is to adjust existing contracts to create a more viable business model for the relevant division. After the announcement, the stock rose by more than 13 percent. » Altro su de.investing.com