FirstGroup financial results for the year ended 31 March 2014 present a mixed picture with only the UK rail division recording an increase in turnover.
Adjusted revenue for the group as a whole fell 2.7% to £6.717bn (2013; £6.901bn); EBITDA (earnings before interest, tax, depreciation & amortisation) dropped 1.0% to £579.8m (2013: £585.7m), but operating profit rose 5.5% to £268.0m (2013: £254.1m), and the group operating margin increased from 3.7% to...
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