Turnover at railway ticket retailer Trainline continued to steam ahead during the opening nine months of the year thanks to rising sales in overseas markets.
The company, which has operations and customer service teams at the Tanfield complex in Edinburgh, posted a 26% rise in revenues to £198 million, boosted by 90% growth in international turnover to £20 million.
Trainline – which floated on the stock market in June and has seen its market value rise from £1.5 billion to £2 billion – said its final quarter’s results will be hit by strikes in France. Sales of tickets in the UK are expected to continuing accelerating thanks to more and more train companies offering electronic tickets on mobile phones and other devices.
Chief executive Clare Gilmartin said: “We continued to deliver strong growth in the third quarter of the financial year while we focus on our mission to make rail and coach travel easier for customers worldwide, encouraging a much greener way to travel.
“We are on track to deliver our plans for the full year and will continue to invest both in the UK and internationally to deliver the significant growth opportunities for Trainline in the year ahead.”
