FirstGroup plc Unsponsored ADR ( (FGROY) ) has released its Q2 earnings. Here is a breakdown of the information FirstGroup plc Unsponsored ADR presented to its investors.
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FirstGroup plc is a leading provider of public transport services in the UK, primarily operating in the bus and rail sectors, with a strong focus on sustainability and innovation. In their latest half-year report for the 26 weeks to September 28, 2024, the company demonstrated robust operational and financial performance, exceeding full-year expectations and announcing a £50 million share buyback program. Key financial highlights include an adjusted revenue growth to £649.6 million and an adjusted operating profit of £100.8 million. The company also reported an increase in adjusted earnings per share to 8.5p and declared an interim dividend of 1.7p per share. Notable strategic developments include progress in fleet electrification, strategic acquisitions to expand service capacity, and new contracts in both the First Bus and First Rail divisions. Looking ahead, FirstGroup anticipates continued growth in the second half of FY 2025 with improvements in operating margins and strategic expansion plans, maintaining a positive outlook for future earnings.
