BBA Aviation falls despite revenue growth

published 10 November 2011

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.

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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.

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