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.
| Target | Promise | Said | Status |
|---|---|---|---|
| 2024 | |||
| 31 Dec 2024 | Deliver £40m savings in FY24 (£30m Accelerate 1.0, £10m 2.0) and £50m annualised thereafter. | 21 Aug 2024 | … In progress |
|
Also stated 7 Nov 2024
Result
Not yet due. |
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| 31 Dec 2024 | Reach 1,500 zero emission vehicles in service or on order by end 2024. | 21 Aug 2024 | … In progress |
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Result
Not yet due. |
|||
| 2025 | |||
| 31 Dec 2025 | Deliver £25m debt reduction cash benefits in FY24 and at least £50m annualised from 2025. | 21 Aug 2024 | … In progress |
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Also stated 7 Nov 2024 · 19 May 2025
Result
Not yet due. |
|||
| Today · 11 Oct 2026 | |||
| 2026 | |||
| 30 Nov 2026 | Complete sale of UK Bus to WMCA around November 2026. | 18 Aug 2026 | … In progress |
|
Also stated 8 Sep 2026
Status so far
Not yet due. |
|||
| 31 Dec 2026 | Small reduction in covenant gearing at 31 December 2026. | 29 Jul 2026 | … In progress |
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Status so far
Not yet due. |
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| 2027 | |||
| 31 Dec 2027 | Reduce covenant gearing to 1.5x-2.0x by 2027. | 22 Apr 2024 | … In progress |
|
Also stated 21 Aug 2024 · 29 Apr 2025
Status so far
Not yet due. |
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| 31 Dec 2027 | Deliver £100m annualised cost savings by end 2026 and capex below £120m in 2027. | 26 Feb 2026 | … In progress |
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Also stated 29 Jul 2026
Status so far
Not yet due. |
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