Merseyrail is Abellio’s longest franchise, let by Merseytravel (a regional transport provider), for a period of 25 years from 2003. Merseyrail operates metropolitan services in and around the Liverpool region and is operated as a 50/50 joint venture with Serco.
Now in the second half of the franchise, Merseyrail is focusing on delivering 4 major projects:
introducing a new fleet of rolling stock,
continuing the roll out of smart ticketing,
taking more asset management from Network Rail in-house, and
revenue growth through targeted activities to increase patronage.
The new fleet has been publicly procured by Merseytravel and will be delivered by Stadler, coming into operation during 2020 and 2021.During 2019 Merseyrail continued to be among the top UK operators for passenger satisfaction and operational performance, and for a second consecutive year has been the best performing TOC in the UK as measured by PPM. Merseyrail also continues to deliver a robust financial performance generating an EBIT of €14.6m (50% share for Abellio).
Merseyrail (based on 100%)
(in € million)
EBIT before IFRS 16 effect
IFRS 16 effect
Other financial results
Profit before tax
Net profit before IFRS 16 impact
Equity attributable to NS
Capital at Risk, Merseyrail