BBA Aviation revenue climbs as Signature business continues momentum

  • Wed 13 Nov 2019 07:47

    BBA Aviation said its core Signature business continued to outperform the market, even as general aviation confidence and flying hours continued to be impacted by global economic uncertainty.

    For the period 1 January to 31 October 2019, revenue for the company's Signature and Ontic units increased by 10.1% on-year, representing growth of 8.3% in Signature and 31.8% in Ontic.

    The company reiterated its expectations for the second half US business and general aviation (B&GA) market being broadly consistent with the first half, with growth of around 0.3%.

    Signature was expected to continue to outperform the US B&GA market at broadly the same level as the first half. Following the sale of the Ontic business, BBA said it had approved a return to shareholders of 80.71 cents per share. 'We expect 2019 underlying performance to be in line with current expectations, which are based on the signature and ontic businesses, albeit Ontic will only be included for the ten months to 31 October,' it added.

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SIGNATURE AVIATION PLC (BBA)

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