Statement re Caledonian Sleeper Services
28 May 2014
FIRSTGROUP PLC
("The Group" or "FirstGroup")
STATEMENT RE: CALEDONIAN SLEEPER SERVICES
FirstGroup notes the announcement today that Serco will be operating the new
Caledonian Sleeper rail franchise, with effect from 1 April 2015. Caledonian
Sleeper services, which currently form a small part of the Group's ScotRail
franchise, will become a new, separate franchise and as a result the Group will
cease operation of sleeper services between Scotland and London from that date.
The sleeper services, which currently operate four cross-border trains per
night, constitute 2% of First ScotRail's total annual revenue. The Group's
medium term targets remain unchanged. Going forward the Group is currently
shortlisted for a number of other rail franchises, and will participate in a
range of competitions with the objective of achieving earnings on a par with
the last round of franchising, with an acceptable level of risk.
Commenting, Tim O'Toole, FirstGroup's Chief Executive, said:
"I would like to thank all of our employees who have worked hard to deliver the
best possible service for Caledonian Sleeper customers over the past ten years.
We submitted a strong bid which would have offered further high quality
services for passengers and a good return for taxpayers.
"As a Scottish company, we remain committed to providing more and better rail
services for Scotland. We have operated the current ScotRail franchise since
2004, providing more than 2,300 services per day, and over that time the
franchise has achieved record highs in passenger numbers and also in customer
satisfaction scores. We are shortlisted for the next generation of the ScotRail
franchise due to be awarded by Transport Scotland in the coming months.
"We will continue to provide sleeper passengers with the best possible service
until the new franchise commences, and will work closely with the new operator
to ensure a seamless handover. We are tremendously proud to have provided this
important service, providing a key link between Scotland and London, for the
last decade and wish the team every success for the future."
Contacts at FirstGroup:
Rachael Borthwick, Group Corporate Communications Director
Stuart Butchers, Group Media Relations Manager
Tel: +44 20 7725 3354
Contacts at Brunswick PR:
Andrew Porter, Tel: +44 20 7404 5959
Notes to editors: FirstGroup has operated the current Caledonian Sleeper
service since 2004, carrying approximately 800 passengers a night on four
separate trains linking London Euston Station with Edinburgh, Glasgow,
Aberdeen, Inverness and Fort William. As part of its ScotRail franchise,
FirstGroup has delivered a programme of upgrades to the sleeper service
including updated cabin facilities and refreshed lounge cars.
About FirstGroup: FirstGroup plc (LSE: FGP.L) is the leading transport operator
in the UK and North America. With revenues of more than £6.7 billion and around
117,000 employees, we transport more than 2.5 billion passengers every year.
Each of our five divisions is a leader in its field: First Student is the
largest provider of student transportation in North America with a fleet of
around 49,000 yellow school buses, First Transit is one of the largest
providers of outsourced transit management and contracting services in the US,
while Greyhound is the only national operator of scheduled intercity coach
services across North America. In the UK, FirstGroup is one of Britain's
largest bus operators running a fleet of some 6,400 buses, and we operate
approximately a quarter of the UK passenger rail network, carrying more than
330 million passengers a year. First Bus and First ScotRail are proud to be
official supporters of the 2014 Commonwealth Games in Glasgow, providing
passenger rail and bus services. Our vision is to provide solutions for an
increasingly congested world...keeping people moving and communities
prospering.
Visit our website at: www.firstgroup.com