BBA Aviation, the aviation support company, has seen revenues grow 8% in the four months to the end of October compared to the same period of 2010.
The company's latest management statement shows of the 8%, 5% was organic growth excluding acquisitions.
There were a few flies in the ointment, however, not the least of which was a 1% decline in organic revenues at Flight Support as well as a £27.5m impact from higher fuel prices.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
One item that may have pleased chief executive Simon Pryce though was a €23.1m tax refund in Germany.
Commenting on the results he said: "We have a strong pipeline of investment and acquisition opportunities and we continue to anticipate making positive underlying progress, achieving a full year result in line with our expectations."
Shares were down 0.45% at 177.90p by 14:06.
BS
-
Will Poland’s new president stifle its stock market’s winning streak?Poland’s stock market has outperformed many of its European peers, but with a newly-elected populist President at odds with a Liberal government, what lies ahead?
-
Fund flows rose in April but did investors sell in May?ISA season prompted the highest level of inflows into investment funds during April but the mood may have changed in May
