Stagecoach gears up to hold its profits steady
Stagecoach, the transport group, said profits over the coming year will at least hold steady despite a slight slowdown in UK sales growth.
The Perth-based operator's rail division saw like-for-like sales growth of 8.8% in the 48 weeks to April 1, down from 9.5% in the previous 40 weeks. And its bus division saw sales growth of 2.7%, down from 3%.
But the group said overall trading remained good and that its wholly-owned divisions were well placed to at least maintain their operating profit to April 2013.