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Stobart Group making big strides in Aviation and Energy divisions

Warwick Brady, chief executive of Stobart Group Ltd (LON:STOB), tells Proactive Investors the group's expecting the number of passengers using Southend Airport to rise to two-and-a-half million in 2019.

Passengers rose 37% to 839,000 in the six months to August, but Easyjet recently added a fourth plane, while Ryanair will base three aircraft at the airport from next year.

Biomass increased underlying profits by 89% to £8.7mln though rails and civil engineering posted a loss of £4.8mln and a new commercial team has been appointed

Quick facts: Stobart Group Ltd

Price: 30.25 GBX

LSE:STOB
Market: LSE
Market Cap: £189.04 m
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Stobart Group sees 'significant medium-term growth opportunities' for London...

Stobart Group Ltd's (LON:STOB) Warwick Brady and Lewis Girdwood discuss with Proactive the outlook for its aviation and biomass energy businesses. They say trading is in line with expectations following the reopening of the London Southend Airport to passengers after the coronavirus pandemic...

1 week, 3 days ago

2 min read