03 May 2011
Arriva plc review of the year to 31 December 2010
Strongly positioned for future growth
Following the publication of parent group Deutsche Bahn’s annual results on 31 March, Arriva today publishes a review of 2010 and an update on its operating position and environment.
Highlights
Significant group order book
- Contract wins grew group order book by 2.2 per cent to €11.9 billion1
- Good progress in European bus and rail markets; Arriva Mainland Europe order book up 11 per cent to €5.5 billion1
- Contract wins in Malta, Denmark and the Netherlands; contracts retained in Denmark, Poland, Slovakia and Italy
- Strong progress in London; Arriva UK Bus order book of Transport for London contracts up 15 per cent to £1.1 billion
Good operational control mitigates impact of the wider economy
- Excellent operational performance across the group
- Revenue excluding Germany €3,063 million, underlying revenue broadly unchanged2
- Arriva UK Trains passenger revenue growth maintained
- Commercial mileage reduced by 3 per cent in regional UK bus operations
Strongly positioned for future growth
- Combination of Arriva and Deutsche Bahn (DB) creates one of Europe’s largest passenger transport operators
- The transport market in Europe continues to liberalise, creating opportunities for Arriva with its unique footprint in 11 countries
- Franchise and open access opportunities in Arriva UK Trains
- Significant investment in bus and rail assets continued
- Strong local knowledge, significant financial capacity, entry into new countries and good pipeline of opportunities position Arriva well for profitable growth
Arriva chief executive David Martin said: “2010 was a significant year of change at Arriva. The acquisition of Arriva by Deutsche Bahn gave us a new shareholder and delivered excellent returns for our investors. In a liberalising market which is seeing consolidation involving major players, the combination creates one of the leading passenger transport groups in Europe and puts Arriva in a strong position as DB’s division for growth in regional passenger transport outside Germany.
“Our strategy remains unaltered. Arriva will continue as an agent of change in the market, maintaining its flexibility to adapt rapidly to opportunities and grow profitably, with the additional financial strength that comes with being part of the combined group.
“Within and beyond Europe, there are considerable opportunities for profitable growth as we maintain our focus on customer service, cost control and operational efficiency.”
Enquiries:
Arriva plc David Martin, chief executive Martin Hibbert, group finance director Francis King, head of group communications | 0191 520 4000 |
Tulchan Communications Stephen Malthouse / Christian Cowley | 020 7353 4200 |
Notes to editors:
- 2010 figures based on management reporting information.
- 1 excluding Germany and DB businesses combined into Arriva from January 2011.
- 2 excluding Germany, adjusted to normalise the full year impact of the Office of Rail Regulation’s Control Period 4 review and based on a consistent exchange rate of £0.86:Euro.
- Arriva is one of the largest providers of passenger transport in Europe, employing more than 47,500 people (including associate companies) and providing more than 1.5 billion passenger journeys every year.
- Arriva provides transport services including buses, trains, commuter coaches and waterbuses, and operates in 11 European countries: Czech Republic, Denmark, Hungary, Italy, the Netherlands, Poland, Portugal, Slovakia, Spain, Sweden and the UK. This increases to 12 countries with the start of bus services in Malta in July 2011.
- High resolution images are available for the media to view and download free of charge from www.vismedia.co.uk . A wide selection is also available from the media centre at www.arriva.co.uk or by calling the Arriva press office on +44(0)191 520 4000.
- The Deutsche Bahn annual results for 2010 are available at http://www.deutschebahn.com/ecm2-db-en/ir/news_praesentation/news_ue_e/1568906/bpk_2011.html