Trainline off track after sales letdown but boss Clare Gilmartin says firm is still on target
Shares in online train tickets seller Trainline slipped today after sales over the past three months disappointed.
Business ticket sales in the UK increased by just 2%, while international sales were hit by rail strikes in France. But consumer sales remained strong, up 24%.
The company, run by multi-millionaire Dubliner Clare Gilmartin, said full-year results are on target. Gilmartin said: “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.”
Analysts at Barclays added Labour’s heavy defeat last week was a relief for the company as the party had said it would launch a rival to Trainline as part of its nationalisation plans.
The shares fell 5p to 505p.
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