Mobico Group Reports Strong Q4 Performance and Raises Full-Year Outlook
Mobico Group reported a strong start to 2026, with first-quarter revenue rising by £28 million (9%) and adjusted operating profit nearly doubling compared to the same period last year. The company raised its full-year 2026 guidance for adjusted operating profit from £195–£210 million to £215–£230 million, while reporting total revenue of £3.4 billion—a 6% increase over the prior 15-month period—with adjusted operating profit at £231 million, up 18%. The Alsa division drove much of this growth with record results and new contract wins in Spain and Saudi Arabia. Mobico is also restructuring its German Rail operations to reduce risk. Contracts have been amended—such as shifting the RME contract from net to gross—to improve profitability and remove revenue uncertainty, making the segment at least cash neutral over remaining terms. The company emphasized deleveraging as a top priority, with net debt reduced to £1.1 billion but still constrained by legacy liabilities.
Topics: contract_restructuring deleveraging_strategy operating_profit_increase revenue_growth