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BBA Aviation PLC (BBA.L)

BBA.L on London Stock Exchange

304.80GBp
16 Aug 2019
Change (% chg)

9.40 (+3.18%)
Prev Close
295.40
Open
302.20
Day's High
304.80
Day's Low
299.00
Volume
2,907,377
Avg. Vol
2,563,351
52-wk High
326.80
52-wk Low
207.00

Latest Key Developments (Source: Significant Developments)

Bba Aviation Reports Statutory Pretax Profit From Cont. Ops. Down 24% in HY
Monday, 5 Aug 2019 02:00am EDT 

Aug 5 (Reuters) - BBA Aviation PLC ::H1 PRETAX PROFIT FROM CONTINUING OPERATIONS 57.5 MILLION USD VERSUS 76.2 MILLION USD YEAR AGO.H1 REVENUE FROM CONTINUING OPERATIONS ROSE 23.3 PERCENT TO 1.263 BILLION USD.INTERIM DIVIDEND INCREASED BY 5% TO 4.2¢." FIRST HALF OF 2019 HAS BEEN BROADLY IN LINE WITH OUR EXPECTATIONS FOR BBA AVIATION.POST PROPOSED DISPOSALS, BBA AVIATION WILL BE FOCUSED ON CASH GENERATIVE SIGNATURE BUSINESS.HY STATUTORY OPERATING PROFIT OF $142.7 MILLION INCREASED BY 13.3% (H1 2018: $126.0 MILLION).HY CONTINUING GROUP STATUTORY OPERATING PROFIT INCREASED 13.1% TO $131.1 MILLION (H1 2018: $115.9 MILLION).  Full Article

BBA Aviation Proposes Sale Of Ontic For $1.37 Bln To CVC Fund Vll
Tuesday, 30 Jul 2019 02:21am EDT 

July 30 (Reuters) - BBA Aviation PLC ::DISPOSAL.DEAL FOR AN ENTERPRISE VALUE OF $1,365 MILLION.SALE OF ONTIC FOR AN ENTERPRISE VALUE OF $1,365 MILLION, ON A CASH-FREE, DEBT-FREE BASIS.TRANSACTION UNANIMOUSLY SUPPORTED BY BBA BOARD AS BEING IN BEST INTERESTS OF SHAREHOLDERS.TRANSACTION SHOULD ALLOW FOR A CAPITAL RETURN TO SHAREHOLDERS EXPECTED TO BE BETWEEN $750 MILLION AND $850 MILLION.ENTERED INTO AN AGREEMENT FOR SALE OF ONTIC TO CVC FUND VLL.ENTERED AGREEMENT FOR SALE OF ONTIC TO CVC FUND VLL.INTENDS TO DEPLOY SOME OF DISPOSAL PROCEEDS TO REDUCE RETAINED GROUP'S FINANCIAL INDEBTEDNESS.RETAINED GROUP IS EXPECTED TO REMAIN A HIGHLY CASH-GENERATIVE BUSINESS.  Full Article

BBA Aviation's Outlook For Full Year Remains Unchanged
Friday, 10 May 2019 02:00am EDT 

May 10 (Reuters) - BBA Aviation PLC ::BBA AVIATION PLC - TRADING STATEMENT.BBA AVIATION PLC - GROUP'S TRADING PERFORMANCE REMAINS IN LINE WITH EXPECTATIONS FOR PERIOD 1 JANUARY TO 30 APRIL 2019.BBA AVIATION PLC - REVENUE FOR CONTINUING GROUP FOR 1 JANUARY TO 30 APRIL 2019 UP 23.1% YEAR-ON YEAR.BBA AVIATION PLC - ON A LIKE-FOR-LIKE BASIS REVENUE WAS UP 1.1% FOR PERIOD 1 JANUARY TO 30 APRIL 2019.BBA AVIATION PLC - IN ONTIC, REVENUE INCREASED 33.6% FOR PERIOD 1 JANUARY TO 30 APRIL.BBA AVIATION - CONTINUE TO PROGRESS STRATEGIC INITIATIVES IN SIGNATURE TO DELIVER MEDIUM-TERM B&GA MARKET OUTPERFORMANCE TARGET OF 250 BASIS POINTS.BBA AVIATION PLC - REAFFIRM GUIDANCE PROVIDED ON IMPACT OF IFRS 16 FOR FY19.BBA AVIATION PLC - OUTLOOK FOR FULL YEAR REMAINS UNCHANGED.BBA AVIATION - US B&GA MARKET PERFORMED AS WE EXPECTED IN Q1, WITH MOVEMENTS CONSISTENT WITH OUR GUIDANCE FOR A FLAT FULL YEAR 2019 MARKET BACKDROP.  Full Article

BBA Aviation Says Announce Acquisition Of Epic Aviation
Wednesday, 23 May 2018 02:01am EDT 

May 23 (Reuters) - BBA Aviation PLC ::SAYS ANNOUNCE ACQUISITION OF EPIC AVIATION LLC.SAYS DEAL FOR CASH CONSIDERATION OF $88.1 MILLION.  Full Article

BBA Aviation Says Remains Confident Of Good Growth In 2018​
Thursday, 1 Mar 2018 02:01am EST 

March 1 (Reuters) - Bba Aviation Plc ::FY PRETAX PROFIT FROM CONTINUING OPERATIONS 175.5 MILLION USD VERSUS -82.2 MILLION USD LOSS YEAR AGO.FY REVENUE FROM CONTINUING OPERATIONS ROSE 10 PERCENT TO 2.371 BILLION USD.‍BOARD IS NOW PROPOSING FINAL DIVIDEND OF 9.59 CENTS PER SHARE​.FY ‍EBITDA $447.9 MILLION VERSUS $384.5​ MILLION YEAR AGO.FY ‍BASIC EARNINGS PER SHARE 24.0 CENTS VERSUS 19.4 CENTS YEAR AGO​.‍FY GROSS CAPITAL EXPENDITURE AMOUNTED TO $80.3 MILLION​.‍BOARD REMAINS CONFIDENT OF GOOD GROWTH IN 2018​.  Full Article

BBA Aviation says revenue up 10.2 pct year-on year for ten months to Oct
Tuesday, 14 Nov 2017 02:00am EST 

Nov 14 (Reuters) - BBA AVIATION PLC ::GROUP'S TRADING PERFORMANCE REMAINS IN LINE WITH EXPECTATIONS, WITH REVENUE UP 10.2% YEAR-ON YEAR FOR TEN MONTHS TO OCTOBER​.SAYS ‍OUTLOOK FOR FULL YEAR REMAINS UNCHANGED​.SAYS ‍"RECENT HURRICANES HARVEY, IRMA AND MARIA, CAUSED MINIMAL IMPACT OVERALL ACROSS SIGNATURE NETWORK"​.‍IN FLIGHT SUPPORT, SIGNATURE REVENUES IN TEN MONTHS TO 31 OCTOBER GREW 14.2% AND 3.8 PERCENT ON A LIKE-FOR-LIKE BASIS​.‍IN AFTERMARKET SERVICES, REVENUE IN TEN MONTHS TO 31 OCTOBER GREW 1.8% BUT ON A LIKE-FOR-LIKE BASIS DECLINED 2.8%​.  Full Article

UPDATE 1-BBA Aviation profit slips on weakness in Europe, higher costs

Aug 5 BBA Aviation Plc reported a dip in first-half profit on Monday, as it wrestled with lower jet traffic at European and U.S. airports as well as a rise in costs.