Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

BBA Aviation Q1 Group Revenue Up 2% - Quick Facts

BBA Aviation Plc (BBA.L) said its first-quarter Group revenue grew by 2%, whereas after adjusting for fuel prices, revenue declined by 1%. Revenue in Flight Support slid 8% after adjusting for fuel prices. The Flight Support unit, particularly ASIG, was negatively impacted by North America's exceptionally warm winter resulting in limited de-icing revenue in the first quarter of 2012 compared with last year.

Aftermarket Services and Systems' revenues grew 15%, driven by solid demand for engine overhaul services and legacy products together with a strong contribution from the GE fuel measurement business.

BBA Aviation Group Chief Executive said: "B&GA and commercial movements in the first quarter in both North America and Europe have been muted. We anticipate this continuing for the remainder of the first half, consistent with our view that the uncertain economic climate will result in low and somewhat volatile growth in our major markets in 2012. This, together with lower de-icing revenues against a strong comparator, represent headwinds for the first half, however with ongoing underlying operational progress we continue to expect this to be a year of further progress, and see good opportunities to deploy our investment capacity in a value creative way."

Register
To receive FREE breaking news email alerts for BBA Aviation and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that it swung to a second quarter loss, hurt by higher costs and expenses even as revenue surged 47%. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue. Kraton Performance Polymers, Inc. (KRA), Wednesday reported second-quarter net income of $11.1 million or $0.33 per share, up from $3.8 million or $0.12 per share last year. Adjusted earnings improved to $0.46 per share from $0.15 per share last year. Revenues for the quarter dropped to $323.8... Organic grocer Whole Foods Market, Inc. said Wednesday after the markets closed that its third quarter profit rose 6.3% from last year, as same-store sales increased 3.9%. The company's quarterly earnings per share also came in above analysts' expectations, but its quarterly sales fell shy of analyst' forecast.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.