Trainline reveals successful trading for Q1 of 2019
Today (July 2), Trainline plc has revealed its trading statement for the first quarter of financial year 2020.
This is the period running from March 1 2019, to May 31 2019.
Highlights among the results show that there has been strong growth in the company’s UK consumer net ticket sales, which has risen by 27 per cent year-on-year. These have been driven by apps and eTicket adoption.
Furthermore, international net ticket sales have leaped 51 per cent year-on-year, again by the Trainline’s app performance.
Clare Gilmartin, CEO of Trainline, commented on the results: “We are pleased with our first quarter performance, which demonstrates that Trainline continues to consolidate its position as the leading independent rail and coach travel platform.
“The Q1 performance of the UK Consumer business further demonstrates that the rollout of eTickets supported by a great app experience is shifting customers online and to mobile, with strong app performance also driving International growth.
“We are also pleased to have completed the IPO of the business in June. With the majority of rail and coach tickets currently still sold offline in the UK and globally, there is a huge opportunity to continue to grow for the benefit of all our stakeholders.”
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