FGP Firstgroup Plc

 
TIDMFGP 
 
FIRSTGROUP PLC 
 
analyst and investor site visit 
 
FirstGroup plc (`the Group') is today hosting an analyst and investor event at 
its First Bus depot in Leicester to provide detail on the electrification of the 
First Bus fleet and infrastructure. 
 
The Group has accelerated its investment in electrification as First Bus 
progresses towards its 2035 decarbonisation target; in FY 2024 alone, the Group 
has committed net investment of £105m for electric buses and infrastructure, 
supported by co-funding of £82m. We will have more than 600 electric buses 
(c.15% of our fleet) and four fully electric depots in England by March 2024, 
including Leicester. Looking ahead, the electrification of our bus fleet and 
infrastructure will not only transform our business but it will also create new, 
adjacent revenue streams, creating value for all of our stakeholders. 
 
No material new information will be provided at the event and a copy of the 
presentation will be made available on the Group's website later today at 
www.firstgroupplc.com/investors/reports-and-presentations.aspx. 
 
Contacts at FirstGroup:           Contacts at Brunswick Group: 
Marianna Bowes, Head of Investor  Andrew Porter / Simone Selzer 
Relations 
                                  Tel: +44 (0) 20 7404 5959 
Stuart Butchers, Head of 
Corporate Communications 
 
corporate.comms@firstgroup.co.uk 
 
Tel: +44 (0) 20 7725 3354 
 
Contacts at Liberum Capital       Contacts at RBC Europe Limited: 
Limited: 
Nicholas How / John Fishley       James Agnew / Jack Wood 
 
Tel: +44 (0) 20 3100 2000         Tel: +44 (0) 20 7653 4000 
 
About FirstGroup 
 
FirstGroup plc (LSE: FGP.L) is a leading private sector provider of public 
transport services. With £4.8 billion in revenue and around 30,000 employees, we 
transported more than 1.8m passengers a day in 2022/23. We create solutions that 
reduce complexity, making travel smoother and life easier. Our businesses are at 
the heart of our communities and the essential services we provide are critical 
to delivering wider economic, social and environmental goals. Each of our 
divisions is a leader in its field: First Bus is the second largest regional bus 
operator in the UK, serving two-thirds of the country's 15 largest conurbations 
with a fleet of more than 4,500 buses, and carrying more than a million 
passengers a day. First Rail is the UK's largest rail operator, with many years 
of experience running long-distance, commuter, regional and sleeper rail 
services. We operate a fleet of more than 3,500 locomotives and rail carriages 
through three management fee-based train operating companies (Avanti West Coast, 
GWR, SWR) and two open access routes (Hull Trains and Lumo). We are formally 
committed to operating a zero-emission First Bus fleet by 2035, and First Rail 
will help support the UK Government's goal to remove all diesel-only trains from 
service by 2040. In February 2023 FirstGroup was named as one of the world's 
cleanest 200 public companies for the fourth consecutive year by sustainable 
business media group Corporate Knights in partnership with US not-for-profit 
organisation, As You Sow. We provide easy and convenient mobility, improving 
quality of life by connecting people and communities. Visit our website at 
www.firstgroupplc.com and follow us @firstgroupplc on X. 
 
 
This information was brought to you by Cision http://news.cision.com 
https://news.cision.com/firstgroup-plc/r/analyst-and-investor-site-visit,c3855580 
 
 
END 
 
 

(END) Dow Jones Newswires

October 18, 2023 02:02 ET (06:02 GMT)

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