Analyst and investor site visit
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FirstGroup plc (`the Group') is today hosting an analyst and investor event at its First Bus depot in Leicester to provide detail on the electrification of the First Bus fleet and infrastructure.
The Group has accelerated its investment in electrification as First Bus progresses towards its 2035 decarbonisation target; in FY 2024 alone, the Group has committed net investment of £105m for electric buses and infrastructure, supported by co-funding of £82m. We will have more than 600 electric buses (c.15% of our fleet) and four fully electric depots in England by March 2024, including Leicester. Looking ahead, the electrification of our bus fleet and infrastructure will not only transform our business but it will also create new, adjacent revenue streams, creating value for all of our stakeholders.
No material new information will be provided at the event and a copy of the presentation will be made available on the Group's website later today at www.firstgroupplc.com/investors/reports-and-presentations.aspx.
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