Trainline ups growth targets after strong first half

28th Oct 2024 07:10

(Sharecast News) - Train and coach bookings platform Trainline has raised its full-year guidance for top-line growth and margin expansion following a strong first half.

The company said it expects net ticket sales to increase by 12-14% in the year to 28 February 2025, up from a previous target of 8-12% growth, while revenue growth is tipped to be 11-13%, up from 7-11% previously.

Meanwhile, adjusted EBITDA is forecast to average 2.6% of net ticket sales, up slightly from earlier guidance of 2.5%.

The upwards revisions come after a 14% increase in net ticket sales to £3.0bn in the first half ended 31 August, with revenues rising 17% to £229m. Adjusted EBITDA meanwhile rose 44% to £82m.

"Trainline has delivered strong growth in H1 FY2025 and is increasingly benefiting from operating leverage as it scales," the company said in a brief trading update on Monday.