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    FGP   GB0003452173

FIRSTGROUP PLC

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FirstGroup and Action for Children charity partnership exceeds GBP3m, helping more young people on their journey to better mental health

11/22/2021 | 07:42am EST

The partnership between FirstGroup and Action for Children has now been valued at more than GBP3m in employee and customer fundraising, corporate donations and the commercial value of gift in kind advertising space on FirstGroup's bus and rail networks.

The partnership began in 2018, when Action for Children was chosen by thousands of employees across FirstGroup's bus and rail businesses through a ballot. Since then, FirstGroup and its employees across the UK have supported Action for Children through fundraising, volunteering and pro bono support.

The partnership has funded a number of initiatives including a national programme of Mental Health Training to ensure that Action for Children staff can meet the growing needs of young people with mental health problems, keeping them safe from harm. Since the programme launched, 577 training opportunities have been delivered.

David Martin, Executive Chairman at FirstGroup said 'We are very proud of our partnership with Action for Children. FirstGroup colleagues have really got behind the partnership, finding many different ways to keep raising both funds and awareness to support vulnerable children and young people along their journey to better mental health.'

Melanie Armstrong, Chief Executive at Action for Children said 'The passion and commitment shown by FirstGroup colleagues in helping children and young people on their journey to better mental health is truly exceptional. We are thrilled to have reached this GBP3 million milestone and are incredibly grateful to FirstGroup for our partnership, which is providing essential support to children who desperately need our help.'

FirstGroup's funds will also be invested in the Enrichment Fund which enables all children supported by Action for Children, and particularly those who might otherwise miss out, to access enriching activities and experiences, which are basic pre-requisites of good mental health and wellbeing. Examples could include day trips and activities for young people, activity packs, or family barbecue events.

Action for Children protects and supports vulnerable children and young people by providing practical and emotional care and support, ensuring their voices are heard and campaigning to bring lasting improvements to their lives. With 512 services across the UK, in schools and online, in 2020/21 the charity helped 604,885 children, young people and families.

Contact:

Tel: +44 (0)20 7725 3354

Email: corporate.comms@firstgroup.com

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2022 4 478 M 6 070 M 6 070 M
Net income 2022 2,25 M 3,05 M 3,05 M
Net Debt 2022 796 M 1 079 M 1 079 M
P/E ratio 2022 35,8x
Yield 2022 -
Capitalization 768 M 1 041 M 1 041 M
EV / Sales 2022 0,35x
EV / Sales 2023 0,33x
Nbr of Employees 100 807
Free-Float 97,9%
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Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 105,00 GBX
Average target price 106,67 GBX
Spread / Average Target 1,59%
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Managers and Directors
Ryan Dirk Mangold Chief Financial Officer & Executive Director
David Robert Martin Executive Chairman
Warwick Brady Independent Non-Executive Director
Julia Steyn Independent Non-Executive Director
Sally Joanne Cabrini Independent Non-Executive Director
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