BUSMAKERS NEWS * UK: Alexander Dennis'
* Scotland - Bus-maker Alexander Dennis takes Australian hit from Custom Coaches
Falkirk,Scotland,UK -The Couries, by JAMES WILLIAMSON -25 September 2014: -- Falkirk bus manufacturer Alexander Dennis fell into the red last year after booking losses and impairments on the value of its administration-hit Australian business... Sydney-based Custom Coaches, which Alexander Dennis bought in a £25 million deal two years ago, was forced to call in the accountants amid difficult trading conditions down under... But Dennis hailed a “strong underlying performance”, which limited overall losses in the period to £1.2 million despite the £32.1m hit from Custom... The group posted a 12.5% increase in revenues. Sales at Dennis slipped just 2%, outperforming a sector in which new registrations fell 9%... But overall sales in the firm’s international business rose 39%, with Asia Pacific the main driver... In March the firm received £100m orders from both Stagecoach and National Express...
Labels: busmakers news UK
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