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: 118 GBX

Market: LSE
Market Cap: £442.09 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...

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