In a statement released ahead of today’s annual general meeting, the company said the positive start highlighted in March has continued.
At Menzies Aviation, trading across the division has generally been positive with strong cargo volumes continuing to prevail, ground handling and fuelling volume in line with expectations and continuing positive contract momentum.
The up-for-sale distribution arm, Menzies Distribution, is trading positively. Within the print media category, sales were down 5% year-on-year, with newspaper volume in line with expectations but magazines trading better than forecast.
Cost saving initiatives are delivering against plan and the group said it continues to make progress with its new revenue initiatives where it is seeking to optimise its existing assets during daylight hours.
The group said the sale process is taking longer than anticipated but there are still a number of parties showing interest in acquiring the business.
John Menzies update: trying to sell its distribution business, vital to newspapers and magazines, but hitting snags, so the sale is taking longer than expected.— Douglas Fraser (@BBCDouglasF) May 18, 2018
"I am pleased that our Aviation business continues to go from strength to strength,” said Dr Dermot Smurfit, the chairman of Menzies.
“We are operating in a structural growth market, we are extremely well placed to extend our geographical presence and overall market share as we grow organically, enter new markets and deepen our product offering. We remain committed to our group separation plans and I remain hopeful that we can reach a satisfactory conclusion," he added.