Based on our discussions with the sell-side analysts who publish research on Trainline' shares, our understanding of current market consensus is as follows:
|FY 2019A||FY 2020F||FY 2021F|
|Net ticket sales (£m)|
|Adjusted EBITDA (£m)1||53||81||106|
1 Adjusted EBITDA excludes exceptional items and share based payment charges
Last updated on 17 September 2019. Based on the 6 analysts who have confirmed numbers post the H1 2020 trading update.
The financial forecasts presented above have not been prepared by and are not endorsed in any way by Trainline plc (Trainline). Trainline has not verified or commented on any individual estimates, nor does it intend to do so in the future. Trainline assumes no responsibility to update, revise or otherwise comment on any of the information contained in these forecasts. It should be noted that financial forecasts are, by definition, forward looking, and are therefore subject to various risks and uncertainties which are subject to change at any time.
Analysts’ covering Trainline
|JP Morgan||Marcus Diebel|
|Morgan Stanley||Patrick Wellington|
|Panmure Gordon||Lena Thakkar|
|Peel Hunt||James Lockyer|