Online rail ticketing platform Trainline on Wednesday lifted annual guidance after a bigger-than-expected surge in demand for travel, particularly from US visitors.
The company now sees net ticket sales growth of between 18% and 27% versus pre-Covid fiscal 2020. It also expects revenue growth of between 22% – 31% and adjusted core earnings as a percentage of net ticket sales of between 1.9% – 2.1%.
Net ticket sales in the four months to June 30 were up 16% from two years ago, reflecting a faster-than-anticipated recovery in rail passenger volume across Europe – including a notable resurgence of inbound customers from the US. – as well as the benefit of Trainline increasing its investment in its International business, the company said.
Reporting by Frank Prenesti at Sharecast.com
