|By PR Newswire||
|March 5, 2014 02:55 AM EST||
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 [email protected] or phone +44(0)207-936-1352.
SOURCE BBA Aviation plc