Mobico Group (MCG) Trading Update summary
Event summary combining transcript, slides, and related documents.
Trading Update summary
3 Jul, 2025Progress on North America School Bus sale
Sale of North America School Bus business to I Squared Capital for up to $608 million is progressing, with only final US Surface Transportation Board approval pending, expected in early July 2025.
Closing of the transaction is anticipated in July 2025, with expected upfront net proceeds of approximately $365-385 million.
Financial guidance and liquidity
FY2025 Adjusted Operating Profit is expected to be in the range of £180-£195 million, excluding any School Bus contribution.
Strong liquidity position maintained, with no significant debt maturities until the second half of 2027.
Proceeds from the School Bus sale are sufficient to cover upcoming debt maturities.
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