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06 May 2010

Interim Management Statement and AGM statement

At today’s Annual General Meeting in Durham, Sir Richard Broadbent, chairman of Arriva plc, will make the following statement, including a trading update.

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On 3 March 2010, we announced Arriva had come through a challenging year with resilient earnings for the year ended 31 December 2009. 2010 has begun well and the business continues to trade in line with our expectations.

Passenger revenue growth in our UK Trains division has continued to recover. In CrossCountry, passenger revenue was up by 8.9 per cent in the 15 weeks to 25 April. Passenger revenue in Arriva Trains Wales was up 10.8 per cent for the same period.

Our UK Bus division has continued to grow. Passenger derived revenue in our regional business, adjusted for the same number of trading days, increased 2.7 per cent in the period to 16 April. Mileage growth in our contracted London business, which accounts for around a third of the division by revenue, grew by 0.3 per cent and is expected to increase by at least two per cent by the end of 2010 on the basis of work already won.

Revenue in our Mainland Europe division, expressed in euro, declined by 5.3 per cent in the three months to 31 March, primarily reflecting the end of the Groningen-Drenthe contract in the Netherlands. However, we have continued to build our long-term business in mainland Europe with a series of contract wins and renewals so far this year in Denmark, Germany and Portugal for work starting between 2010 and 2012.

As set out in the announcement made on 22 April 2010, the Boards of directors of Deutsche Bahn and Arriva have reached agreement on the terms of a recommended cash offer of 775 pence per Arriva share for the entire issued and to be issued share capital of Arriva, to be made by a wholly-owned subsidiary of Deutsche Bahn. Shareholders on the register on 9 April 2010 are also entitled to the final dividend of 18.8 pence per Arriva share. It is intended that the acquisition will be implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006.

Enquiries:

Arriva plc  

David Martin, chief executive

0191 520 4000

Steve Lonsdale, group finance director

 

Simon Craven, director – communications

 

Tulchan Communications

 

Stephen Malthouse

020 7353 4200

Notes to editors:

  • Arriva is one of the largest private sector providers of passenger transport in Europe, employing more than 42,300 people (including share of associate companies) and providing more than one billion passenger journeys every year.
  • Arriva provides transport services including buses, trains, commuter coaches and water buses, and operates in 12 European countries: Czech Republic, Denmark, Germany, Hungary, Italy, the Netherlands, Poland, Portugal, Slovakia, Spain, Sweden and the UK.