BBA Aviation falls despite revenue growth
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.
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
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
What does Big Tech's alliance with Trump mean for the US?
The alliance between Big Tech and the new US president Trump is causing concern
By Emily Hohler Published
-
Chancellor set to ‘tweak’ non-dom clampdown amid UK wealth exodus
Non-dom status is set to be scrapped but the transition period may be extended to bring more wealth to the UK
By Marc Shoffman Published