PRN: BBA Aviation CEO and FD Interviewed on 2011 Final Results
BBA Aviation CEO and FD Interviewed on 2011 Final Results
LONDON, March 2, 2012 /PRNewswire/ --
BBA Aviation, the FTSE 250 flight services and aftermarket support company, said it had seen a continuing, but muted, recovery in its major markets as it announced a 9 per cent increase in revenues.
Organic growth accounted for 5 per cent of revenue growth, with a $56m contribution from acquisitions.
In an interview with MerchantCantos, Simon Pryce, CEO, said it was "very pleasing" that performance had beaten market expectations.
He said the company was anticipating an environment of relatively slow and steady growth in the short term, but made reference to the continuing efforts to drive the business forward into new markets.
"We have significant investment capacity. We deployed $130m of that in 2011, but we've still got $300m plus to go.Â And that does represent a very significant earnings growth and value-creation opportunity for us, and is one of the strands that will continue to drive the generation of superior long-term returns by BBA Aviation."Â
The interview and transcript are available now on http://www.cantos.com/company/BBA%20Aviation.
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Company Codes: Bloomberg:BBA@LN, RICS:BBA.L, ISIN:GB00B1FP8915