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    GOG   GB0003753778

THE GO-AHEAD GROUP PLC

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Go-Ahead Says U.K. Government to Appoint 'Operator of Last Resort' for Southeastern Franchise; CFO Resigns

09/28/2021 | 01:17am EDT

By Anthony O. Goriainoff

U.K. transportation company Go-Ahead Group PLC said Tuesday that the U.K.'s Department for Transport has chosen to appoint the "operator of last resort" to take over its Southeastern franchise on Oct. 18, when its current agreement expires, and that Chief Financial Officer Elodie Brian has resigned with immediate effect.

An operator of last resort is a business which operates a railway franchise when a U.K. train operating company isn't able to do so. The company said that although it was disappointed by the government's decision, it related only to Southeastern, and that Govia Thameslink Railway, its other rail business, wasn't affected by it.

Go-Ahead also said that it has started a process to appoint a successor for the CFO role, and that Gordon Boyd will act as interim CFO, effective immediately.

The company said that the publishing of its financial results for the year ended July 3 has been postponed again because of the continuing discussions with the DfT regarding the historical calculation of the Southeastern profit share. In August, the company said the results would be published on Sept. 30.

"A revised announcement date will be confirmed in due course," Go-Ahead said Tuesday.

Go-Ahead also said that performance results for the year remain in line with previous expectations.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

09-28-21 0317ET

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Analyst Recommendations on THE GO-AHEAD GROUP PLC
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Financials
Sales 2021 3 749 M 5 158 M 5 158 M
Net income 2021 25,0 M 34,5 M 34,5 M
Net Debt 2021 388 M 534 M 534 M
P/E ratio 2021 13,6x
Yield 2021 2,61%
Capitalization 336 M 462 M 462 M
EV / Sales 2021 0,19x
EV / Sales 2022 0,23x
Nbr of Employees 30 000
Free-Float 85,1%
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The Go-Ahead Group plc Technical Analysis Chart | GOG | GB0003753778 | MarketScreener
Technical analysis trends THE GO-AHEAD GROUP PLC
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 781,50 GBX
Average target price 1 288,75 GBX
Spread / Average Target 64,9%
EPS Revisions
Managers and Directors
David Allen Brown Group Chief Executive Officer & Executive Director
Gordon A. Boyd Chief Financial Officer
Clare Margaret Hollingsworth Non-Executive Chairman
Kanwar Brar Group Director-Information Technology
Adrian James Henry Ewer Senior Independent Non-Executive Director
Sector and Competitors