Information  X 
Enter a valid email address

National Express (NEX)

  Print      Mail a friend

Wednesday 02 May, 2001

National Express

AGM Statement

National Express Group PLC
2 May 2001

                          National Express Group PLC

                   Annual General Meeting - Trading Update

Commenting at today's AGM, Michael Davies, Chairman, made the following

'The year has started well with total passenger numbers above last year and
the completion of the sale of our UK airports division to Manchester Airport
for £241 million at the end of March.

Passenger numbers in our trains division are now back to last year's levels,
despite the continuing disruption we highlighted in our preliminary results.
We are focussed on growing patronage whilst continuing to pursue our claims
against insurers and Railtrack.

Since the year end, in co-operation with the Strategic Rail Authority, we have
agreed to extend our operation of the Cardiff Railway and Wales & West
franchises together with the Great Northern part of our West Anglia Great
Northern franchise from 31 March 2001 to 30 April 2004.  We look forward to
the start of 'the best and final offer' stage for the Wales and Borders

We have launched our sixth new Quality Partnership at Travel West Midlands.
The existing Quality Partnerships have delivered over 20% growth since their
launch. The delivery of our order of 180 new Euro III compliant buses has

In Australia we have introduced the first of our newly branded refurbished
trains and trams onto the network. As part of the program, 59 new low-floor
trams and 62 new trains will join the network from next year.

We continue to have the financial headroom to develop in key geographic
markets and to invest in public transport systems.  We look forward to the
remainder of the year with confidence.'

                                   - ENDS -

For further information, please contact:

Phil White, Chief Executive
William Rollason, Finance Director
Nicola Marsden, Director of Group Communications
National Express Group PLC                               020 7529 2000

Steve Jacobs/Richard Mountain
Financial Dynamics                                       020 7269 7186