REG-FirstGroup Plc: Analyst and investor site visit

FirstgroupAnnouncement

18/10/2023 07:15

FIRSTGROUP PLC

analyst and investor site visit

 

FirstGroup plc (`the Group') is today hosting an analyst and investor event at
its First Bus depot in Leicester to provide detail on the electrification of
the First Bus fleet and infrastructure.

 

The Group has accelerated its investment in electrification as First Bus
progresses towards its 2035 decarbonisation target; in FY 2024 alone, the
Group has committed net investment of £105m for electric buses and
infrastructure, supported by co-funding of £82m. We will have more than 600
electric buses (c.15% of our fleet) and four fully electric depots in England
by March 2024, including Leicester. Looking ahead, the electrification of our
bus fleet and infrastructure will not only transform our business but it will
also create new, adjacent revenue streams, creating value for all of our
stakeholders.

 

No material new information will be provided at the event and a copy of the
presentation will be made available on the Group's website later today at
www.firstgroupplc.com/investors/reports-and-presentations.aspx.

 

 Contacts at FirstGroup:                                                                                                                                  Contacts at Brunswick Group:                             
 Marianna Bowes, Head of Investor Relations Stuart Butchers, Head of Corporate Communications corporate.comms@firstgroup.co.uk Tel: +44 (0) 20 7725 3354  Andrew Porter / Simone Selzer Tel: +44 (0) 20 7404 5959  
                                                                                                                                                                                                                   
 Contacts at Liberum Capital Limited:                                                                                                                     Contacts at RBC Europe Limited:                          
 Nicholas How / John Fishley Tel: +44 (0) 20 3100 2000                                                                                                    James Agnew / Jack Wood Tel: +44 (0) 20 7653 4000        

 

 
About FirstGroup
FirstGroup plc (LSE: FGP.L) is a leading private sector provider of public
transport services. With £4.8 billion in revenue and around 30,000 employees,
we transported more than 1.8m passengers a day in 2022/23. We create solutions
that reduce complexity, making travel smoother and life easier. Our businesses
are at the heart of our communities and the essential services we provide are
critical to delivering wider economic, social and environmental goals. Each of
our divisions is a leader in its field: First Bus is the second largest
regional bus operator in the UK, serving two-thirds of the country's 15
largest conurbations with a fleet of more than 4,500 buses, and carrying more
than a million passengers a day. First Rail is the UK's largest rail operator,
with many years of experience running long-distance, commuter, regional and
sleeper rail services. We operate a fleet of more than 3,500 locomotives and
rail carriages through three management fee-based train operating companies
(Avanti West Coast, GWR, SWR) and two open access routes (Hull Trains and
Lumo). We are formally committed to operating a zero-emission First Bus fleet
by 2035, and First Rail will help support the UK Government's goal to remove
all diesel-only trains from service by 2040. In February 2023 FirstGroup was
named as one of the world's cleanest 200 public companies for the fourth
consecutive year by sustainable business media group Corporate Knights in
partnership with US not-for-profit organisation, As You Sow. We provide easy
and convenient mobility, improving quality of life by connecting people and
communities. Visit our website at www.firstgroupplc.com and follow us
@firstgroupplc on X.

 

 
 
 

 



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