Published:
BBA Aviation - CEO Interviewed on Interim Results 2009
LONDON , August 6 /PRNewswire-FirstCall/ -- BBA Aviation, the leading
provider of flight support and aftermarket services and systems to the
aviation industry, said while revenues in the first half were down 13 per
cent, operating profits only fell 2 per cent on a like-for-like basis, to
GBP50.6m, thanks to the "difficult" measures it had taken to mitigate against
the downturn.
"One of the reasons that we have been so resilient through this first
half is all our businesses demonstrate a low level of operational gearing and
this means we can flex our cost base to meet the environment that we face,"
Simon Pryce, Chief Executive, said in a video interview with Cantos.
"What I am really pleased to see, though, is the continued focus that we
have on generating free cash flow, where we reduced our debts by over GBP100m
in the first half of 2009 and we generated in excess of almost three times
the free cash flow that we generated in 2008, and there is more of that to
come."
The interview and transcript are available now on
http://w3.cantos.com/bba_aviation.
A live presentation to analysts will be available at 0930BST with an
on-demand replay available later today.
It's free to view. All you need to do is register at
http://www.cantos.com. Cantos.com, the online financial broadcaster, features
in-depth interviews, documentaries and webcasts with senior company
executives. If you would like to contact us, please email
enquiries@cantos.com or phone +44-207-936-1333.
SOURCE BBA Aviation
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