Mobico Group
MCG · Main Market · Travel and Leisure · mcap £145m · 23.8p
Mobico runs buses, coaches and rail services, mainly in Spain and Morocco (ALSA), Germany, the UK and, until 2025, North America. It earns most of its income from long-term public transport contracts and coach ticket sales.
| Date | Type | Announcement | Day |
|---|---|---|---|
| 08 Sep 26 | Appointment of Senior Independent Director
Ana de Pro Gonzalo appointed Senior Independent Director following Karen Geary's departure. |
+2.6% | |
| 08 Sep 26 | Trading update | Q2 Trading Update
Q2 revenue grew 5.0% YoY; Alsa strong, German Rail recovering, UK Bus sale agreed for November |
+2.6% |
|
Group revenue growth 5.0% YoYAlsa revenue growth 8.0% YoYAlsa Long Haul revenue growth 7.0%Alsa Regional revenue growth 10.5%German Rail revenue growth 19.3% YoYWeDriveU revenue change -11.8% YoY
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| 18 Aug 26 | Proposed Sale of UK Bus
Mobico to sell UK Bus operations to West Midlands Combined Authority for £24m upfront proceeds. |
−4.2% | |
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Headline asset value approximately £102 millionTotal value deductions approximately £78 millionExpected upfront residual proceeds approximately £24 millionDeferred consideration £5.5 millionBuses operated approximately 1,400Annual service mileage approximately 54 million miles
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| 29 Jul 26 | Results | Annual Report
Mobico Group published its Annual Report for the financial year ended 31 March 2026 and AGM notice. |
+6.9% |
| 29 Jul 26 | Results | Audited results for 15 months ending 31 March 2026
15-month audited results show adjusted revenue up 5.9% to £3.42bn and adjusted operating profit up 17.6% to £231m, with guidance raised. |
+6.9% |
|
Adjusted Revenue £3.42bn (£3.23bn (15m 2025))Adjusted Operating Profit £231m (£196.5m (15m 2025))Statutory Operating Profit £12m (£42.5m (15m 2025))Free Cash Flow £131.8m (£77m (12m 2025))Covenant Gearing 2.9x (2.8x (Dec 2024))Net Debt £1,133.6m (£1,248.6m (12m 2024))
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| 24 Jul 26 | Notification of Results
Mobico will report audited results for 15 months ending 31 March 2026 on 29 July 2026. |
+8.2% | |
| 19 Jun 26 | Signing of revised German Rail contracts
Formal contracts signed with five German Public Transport Authorities implementing structural changes to RME and RRX rail contracts. |
+4.5% | |
|
RME contract term extended to 2032RRX contracts shortened by 3 yearsRRX new end date 2030RME gross contract from 1 January 2026
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| 22 May 26 | Update on the WMATA Contract
WMATA terminated Mobico's paratransit services contract effective 12 May 2026 following breach dispute. |
+0.9% | |
| 19 May 26 | Board change | Directorate Change
Karen Geary, Senior Independent Director, to step down at 2026 AGM after nearly seven years. |
−2.4% |
| 25 Mar 26 | Board change | Francisco Iglesias appointed Mobico Group CEO
Francisco Iglesias appointed Group CEO from 1 April 2026, currently Group COO and Alsa CEO since 2016. |
−6.5% |
| 26 Feb 26 | Results | Unaudited results for 12 months ended 31 Dec 2025
Group revenue grew 6.2% to £2.76bn and adjusted operating profit rose 9% to £198m, but WeDriveU faced operational challenges. |
+37.1% |
|
above recent guidance expectations Group Revenue £2.76bn (£2.60bn)Adjusted Operating Profit £198.0m (£181.1m)Statutory Operating Profit £21.9m (£34.0m)Covenant Gearing 2.7x (2.8x)Free Cash Flow £77.3m (£210.2m)Basic EPS (51.8)p ((135.0)p)
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| 19 Feb 26 | Notification of Results
Mobico to announce unaudited results for 12 months ended 31 December 2025 on 26 February 2026. |
+0.3% | |
| 29 Jan 26 | Agreement in principle with German PTAs
Mobico reaches agreement in principle with German PTAs to restructure rail contracts, converting to gross contracts and extending RME to 2032. |
+2.7% | |
|
RME contract extension to 2032RRX contract shortening ending in 2030
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| 28 Jan 26 | Statement re: Media speculation around German Rail
National Express Rail in advanced talks with five German Public Transport Authorities to realign contract terms. |
+14.3% | |
| 26 Nov 25 | Appointment of KPMG as new auditor
KPMG appointed as new auditor; accounting reference date moved from December to March. |
+0.7% | |
| 26 Nov 25 | Trading update | Q3 Trading Update
Q3 revenue up 5.4% YTD; adjusted operating profit guidance towards lower end of £180m-£195m range due to competitive pressures. |
+0.7% |
|
Group revenue YTD growth 5.4%Adjusted operating profit guidance (full year) £180m to £195mALSA revenue growth Q3 vs Q3 24 4.1%UK revenue decline Q3 vs Q3 24 -3.2%German Rail revenue growth Q3 vs Q3 24 14.3%
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| 09 Oct 25 | Major Saudia Arabia contract win
ALSA subsidiary wins eight-year contract in Saudi Arabia worth €500 million revenue. |
+1.2% | |
|
Contract value €500 million revenueContract duration 8 yearsElectric vehicles 126 of 156
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| 07 Oct 25 | Appointment of Joint Corporate Broker
Mobico appointed Berenberg as joint corporate broker alongside BofA Securities. |
−2.1% | |
| 25 Sep 25 | Confirmation of Resignation of Deloitte LLP
Deloitte LLP has resigned as auditor, effective 19 September 2025. New auditor being sought. |
−6.3% | |
| 09 Sep 25 | Results | Results for the six months ended 30 June 2025
H1 2025 revenue up 7%, adjusted operating profit down 12.7% to £59.9m; guidance reaffirmed; North America School Bus sold. |
−14.7% |
|
in line with full year expectations despite H1 headwinds expectations Group revenue £1,323.5m (£1,237.2m)Adjusted operating profit £59.9m (£68.6m)Free cash flow £57.8m (£96.3m)Covenant gearing 3.0x (2.8x)NA School Bus sale proceeds $364m net upfrontFY25 adjusted operating profit guidance £180m-£195m
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| 15 Jul 25 | Completion of North America School Bus sale
Mobico completed sale of North America School Bus business to I Squared Capital for $364m net upfront proceeds. |
+6.9% | |
|
Net upfront proceeds $364m (£273m)Enterprise value $608m (~£457m)Earn-out arrangement $70mFY 25 covenant gearing expected approximately 2.5xFY 25 Adjusted Operating Profit guidance £180m - £195m
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| 24 Jun 25 | Board change | Brian Egan appointed to Mobico Group Board as CFO
Brian Egan appointed as permanent Group Chief Financial Officer, replacing interim CFO Helen Cowing. |
+6.5% |
|
Brian Egan's CFO experience over 25 years
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| 24 Jun 25 | Update on School Bus sale and FY25 Profit Guidance
School Bus business sale to I Squared Capital for $608m expected to close July 2025; FY25 profit guidance confirmed at £180-195m. |
+6.5% | |
|
School Bus sale enterprise value $608m (~£457m)Expected upfront net proceeds $365-385m (~£275-290m)FY 2025 Adjusted Operating Profit (excl. School Bus) £180-195mSchool Bus FY2024 Adjusted Operating Profit contribution £9m
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| 04 Jun 25 | Withdrawal of AGM Resolution
Mobico withdraws AGM resolution to re-elect Ignacio Garat following his departure from Board on 30 April 2025. |
−4.8% | |
| 19 May 25 | Trading update | Q1 Trading Update
Q1 revenue up 9% with ALSA growing 13%, but UK down 2% and School Bus divestment on track. |
+1.0% |
|
Group revenue growth 9%ALSA revenue growth 13% (Q1 24)ALSA revenue growth at constant currency 16%North America revenue growth 13% (Q1 24)UK revenue change -2% (Q1 24)Germany revenue change -3% (Q1 24)
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| 29 Apr 25 | Results | 2024 Annual Report and Notice of 2025 AGM
Publication of 2024 Annual Report and Notice of 2025 AGM scheduled for 9 June 2025. |
−4.8% |
| 29 Apr 25 | Board change | Ignacio Garat to step down as CEO
CEO Ignacio Garat stepping down effective 30 April 2025; Phil White to serve as interim Executive Chair. |
−4.8% |
|
Employee count 51,500
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| 29 Apr 25 | Results | Final Results
Full-year adjusted operating profit of £187.7m in line with guidance; NASB sale announced for up to $608m to reduce debt. |
−4.8% |
|
in line expectations Group Adjusted Operating Profit £187.7m (£168.6m)Group Revenue £3.41bn (£3.15bn)Free Cash Flow £210.2m (£163.7m)Covenant Gearing 2.8x (3.0x)NASB Sale Enterprise Value up to $608mGroup Statutory Operating Loss After Tax £793.8m
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| 25 Apr 25 | Proposed Sale of North America School Bus
Mobico agrees to sell North America School Bus business to I Squared Capital for enterprise value up to $608 million. |
−40.9% | |
|
Enterprise Value up to $608 million (~£457 million)Expected upfront net proceeds approximately $365-385 million (~£275-290 million)School Bus FY24 Adjusted Operating Profit $11.5 millionSchool Bus FY24 Adjusted EBITDA $122 million (~5.6x pre IFRS 16)Earn-out (dependent on future performance) up to $70 millionIFRS 16 leases to be removed $38 million
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| 27 Mar 25 | Board change | Appointment of Chair
Phil White appointed Chair with effect from 1 May 2025, succeeding Helen Weir. |
+0.8% |
| 04 Feb 25 | Board change | Directorate Change
Chair Helen Weir to step down at 2025 AGM; search for successor commencing. |
−2.2% |
| 05 Dec 24 | Tritax EuroBox
Mobico Group promoted to FTSE 250 index, replacing Tritax EuroBox, effective 10 December 2024. |
+0.8% | |
| 07 Nov 24 | Trading update | Q3 Trading Update
Q3 revenue up 12% group-wide; on track for FY24 operating profit guidance of £185m-£205m. |
+10.0% |
|
in-line expectations Group revenue growth 12%FY 24 adjusted Operating Profit guidance £185m to £205mALSA revenue growth 23%North America revenue growth 19%UK revenue change -2%Germany revenue decline -21%
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| 21 Aug 24 | Results | First half results, six months ended 30 June 2024
Group revenue grew 7.6% at constant currency; Adjusted Operating Profit up 23.8%; FY24 guidance unchanged at £185m-£205m. |
+17.7% |
|
Group Revenue £1.65bn (£1.57bn)Group Adjusted EBITDA £183.8m (£166.7m)Group Adjusted Operating Profit £71.2m (£57.5m)Free Cash Flow £90.5m (£79.7m)Covenant gearing 2.8x (2.8x)Dividend per share 0.0p (1.7p)
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| 23 Jul 24 | Committee Changes
Karen Geary steps down as Chair of Remuneration Committee; Nigel Pocklington assumes role. |
−1.5% | |
| 30 Apr 24 | Committee Changes
Enrique Dupuy de Lome Chávarri becomes Audit Committee Chair from 11 June 2024; Mike McKeon stands down after nine years. |
+1.0% | |
| 30 Apr 24 | Results | 2023 Annual Report and Notice of 2024 AGM
Publication of 2023 Annual Report and notice of 2024 AGM to be held on 11 June 2024. |
+1.0% |
| 22 Apr 24 | Board change | Directorate Change
James Stamp steps down as CFO at AGM; Helen Cowing joins as Interim CFO on 8 May 2024. |
−9.8% |
| 22 Apr 24 | Trading update | Q1 Trading Update
Q1 revenues £801.9m, up 3.5% reported or 6.7% constant currency, in line with guidance. |
−9.8% |
|
in line expectations Q1 Group revenues £801.9m (£774.4m)Group revenue growth (reported) 3.5%Group revenue growth (constant currency) 6.7%ALSA revenue growth (constant currency) 12.1%FY 2024 Adjusted Operating Profit guidance £185m to £205mCanaryBus annual revenue circa €70m
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| 22 Apr 24 | Results | Final Results
Full year 2023 revenue grew 12.2% but adjusted operating profit fell 14.5% due to cost inflation and reduced Covid support. |
−9.8% |
|
below expectations expectations Group Revenue £3.15bn (£2.81bn)Adjusted Operating Profit £168.6m (£197.3m)Free Cash Flow £163.7m (£160.5m)Covenant Gearing 3.0x (2.8x)Adjusted Basic EPS 4.5p (15.0p)Dividend per Share 1.7p (5.0p)
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| 18 Apr 24 | Notice of FY23 Results Presentation
FY23 results announcement scheduled for 22 April 2024 at 9:00 a.m. BST with presentation by CEO and CFO. |
+1.5% | |
| 25 Mar 24 | Results | Update On Timing Of Results And Guidance
Results delayed to mid-April due to German Rail accounting review and unexpected statistical index changes affecting cost recovery. |
−0.8% |
|
Adjusted EBIT guidance £160m - £175mEstimated maximum cost recovery reduction from revised indices £15mExpected onerous contract provision increase £70mPrior year adjustment to onerous contract provision £25mGerman Rail business proportion of Adjusted EBIT less than 6%
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| 20 Feb 24 | Results | Update on timing of FY 2023 results
FY 2023 results delayed; German Rail business accounting review underway; onerous contract provision expected to increase £40m-£70m. |
−9.6% |
|
FY 2023 Adjusted EBIT guidance £175m-£185mExpected increase in onerous contract provision at 31 December 2023 £40m-£70mGerman Rail business proportion of FY 2023 Group Adjusted EBIT less than 6%
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| 07 Feb 24 | Notice of FY23 Results Presentation
Mobico to report FY23 results on 29 February 2024 with analyst presentation at 9:00 a.m. GMT. |
−3.9% | |
| 31 Oct 23 | Board change | Directorate Change
Enrique Dupuy de Lome Chávarri appointed as independent Non-Executive Director; will chair Audit Committee in 2024. |
+0.9% |
| 12 Oct 23 | Trading update | Q3 Trading Update
Q3 revenue up 10% but profitability recovery delayed; FY2023 EBIT guidance cut and dividend suspended. |
−27.5% |
|
below expectations Group revenue growth 10% year on yearFY 2023 EBIT guidance £175m to £185mProductivity and cost reduction programme savings £15m in year, £30m annualisedAdditional annualised savings target £20mUK Coach revenue growth 26% on Q3 2022North America School Bus routes reinstated 97% of maximum available
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Company filings. Not investment advice.