Arriva Investors Should Stay on Board for Long Term ; THE INVESTMENT COLUMN
Our view: Hold
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The bus and trains operator Arriva first expanded into mainland Europe 10 years ago, and there is little doubt that the group's foray onto the Continent has been a runaway success. From a standing start, the division has grown into a business with a near pounds 700m turnover which accounts for 42 per cent of group turnover.
It runs 215 trains and more than 8,000 buses on routes in Germany, Italy, the Netherlands, Spain, Portugal, Denmark and Sweden. In the past five years alone sales have tripled.
Yesterday, Arriva unveiled a 14 per cent jump in first half operating profit to pounds 24m at the business. In …
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Publication information: Article title: Arriva Investors Should Stay on Board for Long Term ; THE INVESTMENT COLUMN. Contributors: Not available. Newspaper title: The Independent (London, England). Publication date: September 8, 2006. Page number: 55. © 2009 The Independent - London. Provided by ProQuest LLC. All Rights Reserved.
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