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East Midlands

Abellio started operating the East Midlands Railway franchise from 18th August 2019. The franchise includes long distance intercity services, linking London St Pancras International with the towns and cities of the East Midlands as well as regional services across the East Midlands, northern and central England.
On 19th August, the main launch event was held at The Roundhouse in Derby, the world's first and oldest surviving railway house and was attended by over 100 guests, reflecting the important role the railway plays in the economic prosperity of Derby and the wider East Midlands region. Further launch events were also held in Sheffield, Leicester, Nottingham and London St Pancras International.
 The East Midlands franchise runs until August 2027 with a further two-year extension possible at the discretion of the Department for Transport. During this time, East Midlands Railway will deliver over £600 million of major improvements, which includes introducing brand new Hitachi bi-mode trains on the Midland Main Line. Further investment will be done to improve stations, expanded use of smart and flexible ticketing and more support for local communities.
 Financial performance has been solid since the start of the franchise with the company delivering € 16.5m EBIT

East Midlands (in € million) 

2019

2018

Revenue 

193.1

-

EBIT before IFRS 16 effect 

16.1

-

IFRS 16 effect 

0.4

-

EBIT  

16.5

-

Intercompany financial result*  

-0.5

-

Other financial results 

-0.6

-

Profit before tax 

15.4

-

Corporation tax 

-2.9

-

Net profit 

12.5

-

 Net profit before IFRS 16 impact 

12.7

-

Capital investments 

11.2

-

  

-

Equity attributable to NS

7.5

-

PCS guarantees provided by NS 

132.8

-

Other guarantees provided by NS 

21.3

-

Capital at Risk, East Midlands 

161.6

-

  

-

PCS guarantees called on 

-

-

Other guarantees called on  

21.3

-

  • * Intercompany financial result consists of interest on shareholder loans and guarantee fees
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