logo-loader
viewStobart Group Ltd

Stobart Group focused on increasing capacity at London Southend Airport

Stobart Group Ltd (LON:STOB) CEO Warwick Brady and CFO Lewis Girdwood chat Proactive London's Andrew Scott through the group's results for the year to February 2019.

Revenue gained 39% to £146.9mln and underlying earnings (EBITDA) from the two main operating divisions – aviation and energy – jumped 75% to £24.1mln

The company is focused on increasing capacity at the airport after selling its regional airline, Stobart  Air, and aircraft leasing businesses,  Propius,  to Connect Airways – the joint venture it set up with Virgin Atlantic and Cyrus Capital.

Quick facts: Stobart Group Ltd

Price: 53.49 GBX

LSE:STOB
Market: LSE
Market Cap: £200.4 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Stobart Group Ltd named herein, including the promotion by the Company of Stobart Group Ltd in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Morning Report: FTSE 100 unsettled by Whitbread rights issue and spike in...

Headlines from the Proactive UK newsroom. The FTSE 100 slipped early unsettled by Whitbread’s rights issue and a spike in coronavirus cases overseas. The index was down 35 at 6,031 early doors. Whitbread is to raise £1bn through a rights issue at 1,500p, a thumping 47% discount to last...

1 week, 5 days ago

2 min read