LONDON, March 5, 2014 /PRNewswire/ --
Simon Pryce, BBA Aviation CEO,
announced a 2% growth in revenue despite a flat market, and
announced the details of a $125m
share buyback.
Mark Hoad, FD, said the business
had made good progression in profitability with operating profit up
4% and earnings per share up 9%. In a video interview he said the
group had cash conversion of 101% while free cash flow increased by
21% to $146.5m.
"I think this set of results is yet again a reflection of the
inherently attractive financial characteristics of the business,"
Mr Hoad said.
Mr Pryce also gives an update on value creation and future
growth.
The video interviews and transcripts are available now on
http://video.merchantcantos.com.
MerchantCantos produces executive interviews, documentaries and
webcasts with senior management. If you would like to contact us,
please email prnsupport@merchantcantos.com or phone
+44(0)207-936-1352.