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.
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SOURCE BBA Aviation plc