12th Jan 2017 08:04
LONDON (Alliance News) - John Menzies PLC on Thursday said it met its expectations in 2016 thanks to a good performance by its Aviation arm and solid trading in its Distribution division.
Menzies Aviation performed well over the year thanks to new contract wins and good contract renewal momentum, particular at London Gatwick airport, it said.
At Menzies Distribution, which delivers newspapers and magazines, a new management team is now in place to lead the turnaround the business, which traded in line in 2016.
John Menzies said overall trading met its expectations for the year, and it remains confident on delivering earnings growth in 2017.
The firm will publish annual results on March 8.
By Sam Unsted; [email protected]; @SamUAtAlliance
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