13-May-2016 3:20 PM
Stobart Group reports strong EBITDA growth in FY2016
Stobart Group revenue up 9% - financial highlights for 12 months ended 29-Feb-2016:
- Revenue from continuing operations: GBP126.7 million, +8.6% year-on-year;
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- Aviation: GBP22.9 million, -3.2%;
- Underlying EBITDA: GBP30.0 million, +69.8%;
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- Aviation: GBP2.3 million, +59.8%;
- Net profit: GBP8.8 million, compared to a loss of GBP1.2 million in p-c-p;
- Total assets: GBP562.6 million;
- Cash and cash equivalents: GBP9.9 million;
- Total liabilities: GBP148.9 million. [more - original PR]
Stobart Group: "We are on track to deliver our strategy by 2018 and drive shareholder value through our three growth operating divisions of Energy, Aviation and Rail, while generating a cash surplus through the exit of our infrastructure and investment portfolios at the right time allowing increasing returns to shareholders," Andrew Tinkler, CEO. Source: Company statement, 12-May-2016.