Mobico Group Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Mobico Group (LON:MCG) Full Year 2024 Results

Key Financial Results

• Revenue: UK£3.41b (up 8.3% from FY 2023).
• Net loss: UK£824.1m (loss widened by 345% from FY 2023).
• UK£1.35 loss per share (further deteriorated from UK£0.30 loss in FY 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

Mobico Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates significantly.

The primary driver behind last 12 months revenue was the ALSA segment contributing a total revenue of UK£1.33b (39% of total revenue). Notably, cost of sales worth UK£3.22b amounted to 94% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling UK£897.2m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how MCG's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Transportation industry in Europe.

Performance of the market in the United Kingdom.

The company's shares are down 46% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Mobico Group has 1 warning sign we think you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.