Mobico's Profit Drop: Cost-Cutting Measures & Bond Rejection
Update: 2025-11-26
Description
Mobico, the parent company of National Express, faces a significant drop in share value due to lower-than-expected profits. The company anticipates an adjusted operating profit between £180 million and £195 million, primarily due to reduced demand in their UK bus division and losses from a Washington contract. Mobico is now focusing on cost-cutting measures, reviewing non-essential operations, and exploring asset sales to strengthen their financial position. CEO Phil White plans to implement successful strategies from their Spanish division, ALSA, to improve operational and financial performance.
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