Operational highlights
On track with current work and secured future contracts, to exceed target of supplying 2m tonnes of biomass fuel per annum by 2018
London Southend Airport voted best airport in Britain by Which? for third consecutive year
Aviation industry specialists, Glyn Jones and Jon Horne appointed CEO and COO respectively of Stobart Aviation
Stobart Rail completed construction of air/road freight distribution centre at Carlisle Lake District Airport
Worcester property disposed of generating net proceeds of £6.2m
Financial highlights
Revenue from continuing operations unchanged at £57.6m (2014: £57.6m)
Underlying EBITDA up 3.4% to £9.0m (2014: £8.7m)
Cash generated from continuing operations increased to £2.3m (2014: £0.6m outflow)
Net debt of £51.9m comprising vehicle financing of £29.7m and other debt of £22.2m, giving gearing to equity of 13.2%
Underlying earnings per share from continuing operations increased to 1.58p (2014: 0.97p)
Proposed interim dividend of 2.0p (2014: 2.0p) per ordinary share
