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Investing.com -- Shares of Trainline (LON:TRNT) jumped more than 11% on Thursday after the company lifted its annual profit outlook on the back of stronger first-half ticket sales.
Net ticket sales climbed 8% to £3.2 billion in the six months to the end of August, in line with the company’s full-year target range of 6% to 9%.
Group revenue rose 2% to £235 million.
The online ticketing firm said it now expects adjusted EBITDA to reach the upper end of its prior guidance range of 6% to 9% growth for fiscal 2026.
Forecasts for group net ticket sales and revenue growth were maintained at 6% to 9% and 0% to 3%, respectively.
Sales in the U.K. consumer business advanced 8% to £2.1 billion, while international sales increased 2% to £594 million, supported by investment in European high-speed routes.
In southern France, competition among operators on the Paris–Lyon–Marseille corridor fueled a 34% jump in second-quarter sales.
“Rail liberalisation in Europe continues to demonstrate the value Trainline brings as the preeminent domestic aggregator," said CEO Jody Ford in a statement.
He added that Trainline Solutions, the company’s business-to-business (B2B) arm that supplies rail ticketing technology and distribution to carriers and corporate clients, has become a £1 billion sales business.
The company also launched a £150 million share buyback program to be carried out over the next year, which would lift the total repurchased to £350 million in three years.