Trainline significantly upgrades its annual profit guidance, reflecting strong first-half performance.
- Net ticket sales for Trainline increased by 14% to £3 billion in the first half of the financial year, surpassing previous expectations.
- Group revenues grew by 17% to £229 million, indicating robust business operations.
- The company’s B2B division, Trainline Solutions, showed promising growth with ticket sales rising by 19% to £449 million.
- Chief Executive Jody Ford highlighted the company’s focus on innovation and digital solutions as key drivers of success.
Trainline has adjusted its annual profit forecast upwards following a robust performance during the initial half of its financial year. The company achieved a 14% increase in net ticket sales, reaching £3 billion compared to the previous year, thereby exceeding the anticipated growth range of 8% to 12%.
In addition, Trainline recorded a substantial 17% growth in group revenues, amounting to £229 million. This figure also surpassed prior guidance, which had projected growth between 7% and 11%.
An integral part of Trainline’s success story is its B2B segment, Trainline Solutions, which experienced a 19% rise in ticket sales, totalling £449 million. Revenue from this sector increased by 14% to £90 million, demonstrating the effectiveness of their strategic initiatives.
Furthermore, improvements in core functionality and fewer strike days contributed to strong sales in white label carrier operations. The leadership has expressed optimism as performance indicators continue to align with the higher ends of their forecasted ranges, emphasising the potential for further growth.
Chief Executive Jody Ford articulated the company’s strategic vision, stating, ‘As Europe’s number one rail app, our strong performance shows how our relentless focus on innovation is helping more customers to choose digital ticketing.’ He pointed out that competitive dynamics among European rail carriers and the company’s role as an aggregator have bolstered customer preference and engagement. Spain has emerged as a highlight, with net ticket sales tripling over two years and a million customers recorded in the past 12 months.
Trainline’s strong first-half results and strategic focus on innovation underpin its optimistic financial outlook.
