NatEx struggles in booming German coach market

摘要

National Express admits that its City2City venture is struggling to earn money in Germany's increasingly competitive longdistance coach market. City2City, serving Munich, Stuttgart, Cologne, Frankfurt and Hamburg, made a £2.4million operating loss last year, which NatEx group chief executive Dean Finch attributes to investing 'in marketing and promotion to develop this newly liberalised market'. NatEx is braced for a similar shortfall in 2014 but sees profitability ahead. 'For the second year we intend to maintain our strategy of gradual and healthy growth,' says its Germany chief Roderick Donker van Heel.