Mobico Group (MCG): Group cost reduction programme
This situation live
MCG Mobico Group
26 Nov 2025 · Large-scale programme underway · +38% until the next step
Large scale cost reduction programme underway with further opportunities being explored across the Group
26 Feb 2026 · Simplify for Success delivering; £75m in-year 2026 · −2% until the next step
we expect £75m of in-year cost savings in 2026 reaching a £100m run-rate by the end of 2026
29 Jul 2026 · On track; target now £100m annualised savings · +36% since
On track to deliver £100m of annualised opex savings and reduce capex to below £120m in 2027 (12m 2025: £152m excluding NASB)
Group cost reduction programme
On track; target now £100m annualised savings
Next: Deliver £100m annualised opex savings; capex below £120m in 2027
Every step · 3
- 26 Nov 2025 Large-scale programme underway – Large scale cost reduction programme underway with further opportunities being explored across the Group ↗
- 26 Feb 2026 Simplify for Success delivering; £75m in-year 2026 – we expect £75m of in-year cost savings in 2026 reaching a £100m run-rate by the end of 2026 ↗
- 29 Jul 2026 On track; target now £100m annualised savings – On track to deliver £100m of annualised opex savings and reduce capex to below £120m in 2027 (12m 2025: £152m excluding NASB) ↗
What is happening
Mobico Group: Group cost reduction programme – On track; target now £100m annualised savings. ['On track; target now £100m annualised savings']
- In short
- Simplify for Success programme was delivering £75m in-year savings in 2026. The 15-month results say it is on track for £100m of annualised opex savings and capex below £120m in 2027, under a leaner, more integrated Group.
- Announced
- 26 Nov 2025 · Large-scale programme underway
- Latest
- 29 Jul 2026 · On track; target now £100m annualised savings
- Savings target
- £100m annualised opex savings, on track
- Capex
- Below £120m in 2027 (12m 2025: £152m excluding NASB)
What comes next
Deliver £100m annualised opex savings; capex below £120m in 2027.
Briefing
Mobico Group in 4 minutes
Mobico runs buses, coaches and trains in Spain, the UK, the US, Germany, North Africa and the Middle East. Its Spanish business, Alsa, keeps setting records, while UK coach, US contracts and German rail have cost it...
- Act 1Sales grew, profit did not
- Act 2Selling the school buses to cut debt
- Act 3Two bad contracts, one fixed
From the company's own announcements. Not investment advice.
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