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 2021A||FY 2022F||FY 2023F|
|Net ticket sales (£m)|
|Trainline Partner Solutions||75||289||578|
|Trainline Partner Solutions||12||14||27|
|Adjusted EBITDA (£m)1||(25)||36||77|
1 Adjusted EBITDA excludes exceptional items and share based payment charges
Last updated 14 December 2021. Based on the 10 analysts that have published numbers post the H1 FY2022 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
|Deutsche Bank||Simon Davies|
|JP Morgan||Marcus Diebel|
|Morgan Stanley||Miriam Adisa, Navina Rajan|
|Panmure Gordon||Alex Chatterton|
|Peel Hunt||James Lockyer|