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Trading statements

Stobart looks to grow passenger numbers at Southend Airport

28 August 2015 09:24

Stobart Group, the infrastructure and support services group, has reported that in its Energy Division margin per tonne is significantly ahead of the prior year as it has benefitted from an increase in volumes supplied to its long-term contracted UK customers and greater production efficiencies achieved at its own operational sites.

In Aviation it says its growing relationship with easyJet, coupled with discussions with other low cost airlines, gives it confidence that it will be well placed to announce new routes and achieve its target of welcoming 2.5m million passengers to London Southend Airport annually by 2018.

It has also announced that its Rail division is trading well, achieving good margins and has a healthy pipeline for the rest of the year. Chief Executive Andrew Tinkler commented: "We have continued to focus primarily on delivering value in our two high growth divisions, Energy and Aviation, and we continue to build the infrastructure and relationships to meet our targets in these markets.

I am also pleased with the promising new contract wins in Stobart Rail."

At 9:24am: (LON:STOB) Stobart Group Ltd share price was +0.5p at 111.5p

Story provided by StockMarketWire.com

Related Company: STOB

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