Q3 2019 FirstGroup PLC Trading Statement Call Transcript
Hello, and welcome to FirstGroup Trading Update. (Operator Instructions) And just to remind you, this conference call is being recorded.
Today, I'm pleased to present Matthew Gregory, Chief Executive. Please go ahead with your meeting.
Good morning, everyone, and thanks for joining the call today. I'm joined by Nick, Rachael and Faisal. And I'm going to take you through a summary of the group's trading performance since our half year point at the end of September before we open up to Q&A.
So the headlines, our overall trading performance in the October to January period has been in line with our projections. Revenue metrics are growing, led in the period by our largest business First Student, and we've been working hard to improve our financial performance and our service for passengers.
Reported group revenue is up 14% year-to-date, benefiting from the inclusion of the South Western Railway franchise and partially offset by a small net headwind from foreign exchange
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