Firstgroup plc Reports Trading Results for the Third Quarter of 2016; Provides Earnings Guidance for the Year 2016
For the year 2016, the Management's outlook for operating profit in the current financial year is slightly lowered by trading in the period. Confident that the transformation plans continue to improve underlying performance and will drive sustainable cash generation over the medium term as planned and Awarded TransPennine Express rail franchise in December, increasing duration of First Rail portfolio to at least 2023. The company continues to expect underlying net cash flow for the current year to be broadly flat.