Mobico - comment

Mobico released a note on its website following the MS conference that management attended. In it, the company restates its recently communicated mantra to concentrate on its operations and not to pursue any changes to its capital structure in the near term. Deleveraging is first to come from a settlement in Germany, towards which the company claims to have made significant progress in the last two months, as well as from a potential monetisation of its UK fleet.