Arriva reports strong growth in 2014

Arriva, passenger transport group and operator, reports strong growth in the company’s 2014 full year results.

Results recorded in the 12 months to 31st December 2014 show a 7.4 percent increase in revenue for the operating company, totalling €4,491 compared to €4,180 in 2013. EBITDA was up 6.6% on 2013 results to €498.

David Martin, chief executive of Arriva said: “We have continued to invest all of our operating cash flow in growing our business over the past 12 months. That positive strategy is reflected in our continued strong revenue and EBITDA growth.

“We have seen significant growth across mainland Europe through a variety of contract wins – helping to strengthen our position in both the bus and rail markets – especially in the Northern and Eastern European territories.”

Arriva reports on a number of green investment plans and initiatives. They include, a £45 million Arriva UK Bus investment programme to upgrade its fleet including the roll-out of more than 230 new carbon efficient vehicles. Green initiatives have been implemented in the Netherlands with the introduction of electric buses and UKGas buses have begun operation across six territories including Italy, Denmark, the UK and the Czech Republic. Arriva will also operate Transport for London’s first fully electric bus route from September this year.

The operator hopes to advance innovation and technology by being part of a London-style smart ticketing initiative which will be launched across England’s largest cities in 2015.

David Martin concluded: “Innovating for our customers is also a significant, ongoing focus. We were pleased with the Department for Transport’s decision to allow CrossCountry to permanently retail our industry-leading advance purchase ticketing solution, while across the whole of Europe our approach to smart ticketing and smartphone technology is making our services more appealing and accessible.”