REG - Mobico Group PLC - Agreement in principle with German PTAs

MobicoAnnouncement

Today 11:45

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RNS Number : 9463Q  Mobico Group PLC  29 January 2026

 

Mobico Group plc ("Mobico")

 

Agreement in principle ("agreement") of revised contract terms with the German
Public Transport Authorities ("PTAs") for its rail services in North
Rhine-Westphalia and adjacent regions.

·    Mobico announces that its subsidiary National Express Rail GmbH has
reached a comprehensive agreement with five German PTAs to realign contract
terms for its rail service in North Rhine-Westphalia and adjacent regions.

 

·    The agreement, approved by the relevant governing bodies of the PTAs
and Mobico, enables a material reset and derisking of its German rail
business.

 

·    The agreement will support a long-term sustainable business going
forward.

 

·    The agreement remains subject to entering into formal legally binding
agreements between the relevant parties which is expected to be concluded by
30 June 2026.

 

The agreement delivers the following significant changes:

 

·    Rhein-Muensterland Express ("RME")

The RME contract, covering lines RE 7 and RB 48, will convert to a gross
contract structure from 2026, removing revenue risk from National Express.
Additionally, the revised gross contract terms will meet current industry
norms.  The contract term will be extended by two years to 2032.

 

·    Rhein-Ruhr-Express ("RRX")

The current loss making RRX contracts, covering lines RE 1, RE 5, RE 6, RE 11
and RE 4, will be shortened by 3 years and will end in 2030.  This will
facilitate a coordinated retendering aligned with North Rhine-Westphalia's
regional transport plan.

 

Phil White, Mobico Executive Chair, said:

 

"The agreement is an important milestone for Mobico and a hugely positive step
forward. It supports a long-term, sustainable future for our German Rail
business and, combined with significant operational improvements, deliver
clear benefits for our customers in North Rhine-Westphalia and the surrounding
area. We look forward to continuing to work with our PTA partners to finalise
and implement the agreement. We will provide a further update at the time of
our 2025 results announcement."

 

 

-     END -

 

Mobico contacts for enquiries:

Investor Relations
ir@MobicoGroup.com

 

Headland contacts for enquiries:

Stephen Malthouse                   +44 (0)7734 956 201

Matt Denham                            +44 (0)7551
825 496

Antonia Pollock                         +44 (0)7789 954 356

 

Notes:

1.   Legal Entity Identifier: 213800A8IQEMY8PA5X34

2.   The information contained within this announcement is deemed by Mobico
to constitute inside information as stipulated under the Market Abuse
Regulation (EU) No.596/2014 as it forms part of domestic law of the United
Kingdom by virtue of the European Union (Withdrawal) Act 2018. By the
publication of this announcement via a Regulatory Information Service, this
inside information is now considered to be in the public domain. The person
responsible for arranging for the release of this announcement on behalf of
Mobico is Gillian Saunderson, Deputy Company Secretary.

 

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