Page 2 - Ignacio Garat News Today

Mobico saw shares tumble as it reported a 36% fall in underlying group pre-tax profits to £92.9million for 2023

CFO news

Learn about Mobico Group PLC's latest financial results for the year ended on December 31, 2023, and join the live presentation by its CEO and CFO on April 22, 2024.

Inflationary pressures abound primarily due to the Ukraine conflict and OPEC+ oil production cuts keeping energy prices far above pre-pandemic levels.

Inflationary pressures abound primarily due to the Ukraine conflict and OPEC+ oil production cuts keeping energy prices far above pre-pandemic levels.

Mobico Groups boss Ignacio Garat said the recovery of the firms profits will take longer than it expected amid rising costs in the UK and North America.

Mobico shares tumbled on Thursday after the transport operator - formerly National Express - cut its full-year earnings outlook and said it was looking to sell its North America school bus business and suspend its final dividend.

Stock prices in London opened higher on Thursday, as data showed the UK economy returned to growth, and investors increasingly price in the prospect that US interest rates have peaked. The FTSE 100...

By Christian Moess Laursen Shares in Mobico Group fell 21% after the company cut its full-year earnings guidance and suspended its dividend payout, with...

Mobico Group said it had suspended its 2023 dividend and is exploring the sale of its North American school bus business.