- for speed listening, go to the settings wheel on the bottom right of the video and choose playback speed - after one minute video becomes high-resolution.

Capital Structure - 6 Aug 25

Segments - 6 Aug 25

Valuation - 6 Aug 25

Recap Scenario - 6 Aug 25

Investment Discussion - 6 Aug 25
Presentation Initiation August 2025
Q&A Initiation August 2025
Revenue growth is slower than anticipated - primarily due to Spanish Long-haul growth of a mere 4%, where the segment benefited from a Multi-Vouture scheme last year. The lower end of
After shooting an own goal last week, when the company earned the scorn of the NRW traffic minister over tactically dropped service on two
Mobico released a note on its website following the MS conference that management attended. In it, the company restates its
We thank the 120 participants on the Mobico calls this week. Meanwhile, the Cosmen family made a token commitment to Mobico yesterday by
As per popular demand, we’ve made the Client Call presentations available as part of our new Client Call layout.
The company has confirmed Deloitte’s formal resignation as auditor of the group, effective 19th of September. We expect that with the deterioration of
Live Discussion is now available on Pfleiderer’s page.
Mobico Idea Pitch video is now live. You can find it on the Sarria website landing page and on the dedicated Mobico page.
The UK Coach operation has received a new CEO in the person of Javier Martinez Prieto, an ALSA veteran who is to rip costs out of
Please find our updated model of Mobico here.
Coming down from hire grades (pre-pandemic IG), Mobico is stable now at too low a level. The all-important Spanish cash cow is strong and growing fast, but none of
Mobico this morning posted deeply disappointing results. As unrelated as these segments are, that sits a little odd ahead of the refinancing discussions the
Deutsche Bahn’s CEO Lutz has lost his job over the €700m H125 losses at the German train operator. While Deutsche Bahn is state owned, use of the
We’re proud to support our community and collaborate with reporters on the names we cover — always careful to keep key findings exclusive to our clients.
Sarria’s quote is reproduced below as featured in Bloomberg's EMEA Distressed Daily, 8th of August:
”The company’s Spanish division alone would be enough to pay off its debt, according to Wolfgang Felix, founder of credit research firm Sarria.”
We were very pleased with the strong attendance at our latest Live Discussion – thank you for joining us!
It was great to see your engagement throughout the session. We even ran slightly over time to make sure we addressed as many of your questions as possible.
Below is a summary of the Q&A. Please contact us if you have any more questions.
We’re proud to support our community and collaborate with reporters on the names we cover — always careful to keep key findings exclusive to our clients.
Sarria’s quote is reproduced below as featured in Bloomberg's EMEA Distressed Daily, 8th of August:
”The company’s Spanish division alone would be enough to pay off its debt, according to Wolfgang Felix, founder of credit research firm Sarria.”
Live Discussion is now available on Mobico’s page.
Following our initiation on Mobico, here, we would like to invite you to participate in the Live discussion on the name. You will be able to ask questions anonymously. Hope to see you there!
Wednesday, 6th of August, 3pm UK | 10 am EST
Please find our slightly revised IM here.
Following several conversations with you and having built a recap table, we concede that we may have been a little rushed in
Please find our initiation on Mobico here.
Having recently tumbled, the company’s shares and bonds offer an interesting dynamic for us, despite their high BB-rating. Based on our fundamental work by
