National Express Group PLC
03 May 2005
For immediate release at 12.05 pm, Tuesday 3 May 2005
National Express Group PLC ('the Group')
Annual General Meeting - Trading Update
Commenting at the Group's Annual General Meeting David Ross, Chairman, made the
'I am pleased to report our business has started the year well and full year
profits remain in line with market expectations. We continue to make good
progress within our core operations as we develop the Group for the future.
'Our continued focus is on the improvement of the quality of our operations,
both in terms of performance and the standard of service we provide our
customers. We believe this approach will drive further growth. The Group's
train operating companies continue to perform well and I am pleased to report
that, in the Strategic Rail Authority's latest National Rail Trends train
punctuality report, Midland Mainline topped the performance tables, being the
most improved train operator. The SRA announced in March that we were on the
shortlist for both the Greater Western and Thameslink/GN rail franchises.
Invitations to tender are expected to be received in June.
'Since announcing the £100 million share buyback programme in February, we have
acquired £23.6 million of shares. We continue to seek both organic and
acquisitive growth opportunities and look forward to the future with confidence.
- ENDS -
Notes to Editors
• The Group will issue IFRS restated 2004 results at the time of its pre
close season statement at the end of the first half.
For further information, please contact:
National Express Group PLC 020 7529 2036
Andrew Dowler /Ben Foster
Financial Dynamics 020 7831 3113
This information is provided by RNS
The company news service from the London Stock Exchange ND