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Mobico Group PLC on Monday said overall revenue grew at the start of the year, despite a decline in the UK and Germany.
The Birmingham, England-based public transport operator said revenue rose 9% on-year in the first quarter of 2025, amid growth in passenger demand.
This was boosted by 13% growth in North America, with an increase in billable hours in WeDriveU across contracts. Further, revenue via Spanish road passenger firm ALSA was up 13%.
However, revenue in the UK was down 2%, while in Germany it declined by 3%.
In the UK, Mobico said it continued to ‘execute a large scale complex turnaround’ while in Germany, there were higher penalties due to cancellations caused by driver shortages sector-wide.
Separately, Mobico announced that Executive Chair Phil White bought 330,000 shares at around 28.74 pence each on Wednesday for a total of £94,832.
Mobico shares fell 0.6% to 27.56 pence each on Monday morning in London.
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