Proactive Investors - Trainline PLC (LON:TRNT) (LSE:TRN) delivered impressive results for fiscal 2024, according to the latest note from Shore Capital Markets.
The online rail and coach travel platform reported a robust year with net ticket sales surging 22% to £5.3 billion, and revenue growing 21% to £397 million.
Notably, the international consumer division crossed £1 billion in net ticket sales, driven by expanding market presence in Spain and Italy.
Shore Cap analysts said they were "solid full year results” that make Trainline “well positioned for further expansion" during fiscal 2025.
Analysts see Trainline’s net ticket sales growing by 8-12% with projected revenue growth of 7-11%.
Adjusted EBITDA is anticipated to be between 2.4%-2.5% of net ticket sales, targeting a mid-point of £143 million, which exceeds current forecasts.
Shore Cap retained a buy rating on the stock at 301p.