Trading update states:
National Express said on Monday that it had completed two small acquisitions in November, in the U.S. and Spain, and said it is on course to deliver its targets for the year
Said it expects both businesses to deliver returns in line with its guidance of 15% to 20%
The company said it remains on course to deliver its profit, free cash flow and leverage targets for the full year
Ahead of today’s news the shares trade on a current year P/E multiple of 12.6x and offers a yield of approx. 3.2%