TIDMTRN
RNS Number : 0606X
Trainline PLC
17 December 2019
TRAINLINE PLC TRADING STATEMENT
17 December 2019
Trading performance for first nine months of FY 2020
Trainline plc ("Trainline", the "Company" or the "Group"), the
leading independent rail and coach travel platform selling rail and
coach tickets to millions of customers worldwide, today provides an
update on its trading performance for the first nine months of the
financial year 2020 (1 March 2019 to 30 November 2019).
Nine months ended 30 November 2019
FY 2020 FY 2019 YoY
------------------------- -------------- -------------- -------
Net ticket sales (GBPm)
UK Consumer 1,535 1,242 24%
UK T4B 930 915 2%
-------------- -------------- -------
Total UK 2,465 2,156 14%
International 390 262 49%
Total Group 2,855 2,418 18%
-------------- -------------- -------
Revenue (GBPm)
UK Consumer 133 102 31%
UK T4B 45 45 -
-------------- -------------- -------
Total UK 178 146 22%
International 20 11 90%
Total Group 198 157 26%
-------------- -------------- -------
Key highlights:
-- Group net ticket sales of GBP2.9bn increased 18% year-on-year
o UK Consumer net ticket sales increased 24%, reflecting strong
mobile demand driven by increasing eTicket availability and
adoption by customers
o UK Trainline for Business (UK T4B) net ticket sales increased
by 2%, although we observed some slowdown in the most recent
quarter in discretionary travel spend by large corporations
o International net ticket sales increased by 49% with new
customer acquisition continuing to underpin growth, partly offset
by the impact of strike action in France in the most recent
quarter
-- Group revenue of GBP198m increased 26% year-on-year
o UK Consumer revenue grew by 31%, driven by strong net ticket
sales growth and the launch of new revenue services in the last 12
months, generating a higher than anticipated revenue take-rate (the
rate of revenue generated from net ticket sales)
o UK T4B revenue was broadly flat year to date in line with
expectations
o International revenue increased by 90%, supported by rapid
growth in net ticket sales and the launch of new revenue services
in our international markets. International take-rate declined 20
basis points in the quarter given the seasonal effect of fewer
inbound travellers from outside of Europe, from whom we typically
generate higher commission rates and revenues
Outlook:
-- Given the continuing strong progress in FY20 year to date,
the Board are pleased to reconfirm expectations for the full
year:
o Group net ticket sales growth in the high-teens %. Some impact
from French strike action expected in the near term
o Group revenue growth expectations in the low to mid-20%
range
Clare Gilmartin, CEO of Trainline said:
"We continued to deliver strong growth in the third quarter of
the financial year while we focus on our mission to make rail and
coach travel easier for customers worldwide, encouraging a much
greener way to travel. We are on track to deliver our plans for the
full year and will continue to invest both in the UK and
internationally to deliver the significant growth opportunities for
Trainline in the year ahead."
Enquiries
For investor enquiries, Andrew Gillian investors@trainline.com
For media enquiries, Victoria Biggs +44 7850 205490 / press@trainline.com
Brunswick Group
Azadeh Varzi, Simone Selzer +44 207 404 5959 / trainline@brunswickgroup.com
About Trainline:
Trainline (www.trainline.com) is the leading independent rail
and coach travel platform selling rail and coach tickets to
millions of travellers worldwide, enabling them to seamlessly
search, book and manage their journeys all in one place via its
highly rated website and mobile app. Trainline is a one-stop shop
for rail and coach travel bringing together millions of routes,
fares and journey times from more than 260 rail and coach carriers
across 45 countries.
This announcement includes forward-looking statements. These
forward-looking statements involve known and unknown risks and
uncertainties, many of which are beyond the Group's control and all
of which are based on the Directors' current beliefs and
expectations about future events. Forward-looking statements are
sometimes identified by the use of forward-looking terminology such
as "guidance", "believe", "expects", "may", "will", "could",
"should", "shall", "risk", "intends", "estimates", "aims", "plans",
"predicts", "continues", "assumes", "positioned", "targets" or
"anticipates" or the negative thereof, other variations thereon or
comparable terminology. These forward-looking statements include
all matters that are not historical facts and include statements
regarding the intentions, beliefs or current expectations of the
Directors or the Group concerning, among other things, the results
of operations, financial condition, prospects, growth, strategies,
and dividend policy of the Group and the industry in which it
operates. No assurance can be given that such future results will
be achieved; actual events or results may differ materially as a
result of risks and uncertainties facing the Group. Such risks and
uncertainties could cause actual results to vary materially from
the future results indicated, expressed, or implied in such
forward-looking statements. Such forward-looking statements
contained in this announcement speak only as of the date of this
announcement.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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