14th Dec 2007 07:00
BBA Aviation PLC14 December 2007 14 December 2007 BBA AVIATION PLC Trading Statement BBA Aviation today releases its regular trading update ahead of its results forthe year ending 31st December 2007, which will be announced on 28th February2008. In the Flight Support division Signature continues to trade well, and fuelvolumes have been largely unaffected by the recent high oil prices and economicuncertainty. As expected, whilst the growth rate moderated in the second half,due to a particularly strong performance in the last quarter of 2006, overallorganic growth for the year should be in the order of 8% compared to the 3%achieved in 2006. The acquisitions made during the year, which added a furthereight locations to the network, are performing well and reinforce Signature'sposition as the leading global business and general aviation FBO network. InASIG the de-icing season has got off to a satisfactory start and tradingactivity generally is good. In Aftermarket Services and Systems our Engine Repair, Legacy Support andLanding gear businesses are performing well. As was stated at the time of theinterim results, Parts Distribution has continued to operate in a morecompetitive market for serviceable parts. As a whole the division is performingin line with expectations. The reported results will be affected by the translation impact of the weakdollar with the average US dollar rate for the year now expected to be $2.01(2006: $1.84). Commenting on the trading statement Simon Pryce, Chief Executive said: "This looks like being another good year for BBA Aviation. We have invested justunder £80m during 2007 in extending our Signature network where we have a goodpipeline of further acquisition opportunities. We have also generatedsignificant new business in the majority of our other operations. Our businesses continue to trade robustly and in line with our expectations,despite the more uncertain economic conditions in the second half of 2007. As westated at the time of our interim results, the group expects to make continuinggood underlying progress for the year as a whole." Enquiries: BBA Aviation plc Brunswick Group LLPAndrew Wood, Finance Director Michael Harrison / Kate Miller 020 7514 3950 020 7404 5959 Notes to Editors BBA Aviation BBA Aviation is a world leader in aviation services focusing on Aviation FlightSupport and Aftermarket Services and Systems. BBA Aviation provides flightsupport services for corporate and commercial aviation customers as well asmaintenance, repair, overhaul and spare parts for aircraft engines. It alsosupplies aviation components, landing gear and hydraulic systems. These areattractive niches in a $250 billion market with clear barriers to entry, whereBBA Aviation has leading positions, well-known and reputable brands and a proventrack record of organic and acquisition-led growth. BBA Aviation was formerly part of BBA Group, but following the demerger ofFiberweb, in November 2006 it became a stand-alone aviation services business. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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