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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: 114.4 GBX

LSE:STOB
Market: LSE
Market Cap: £428.6 m
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Stobart Group PLC reports ' strong strategic and operational first-half...

Stobart Group (LON:STOB) CEO Warwick Brady and CFO Lewis Girdwood highlight what they believe to be the 'significant growth potential' within its aviation division and in particular at London Southend airport. Passenger numbers at the airport increased by 41.8% to 1.2 million in the six...

4 days, 15 hours ago

2 min read