John Menzies 2017 final results
Group - 2017 was a transformational year
- Group successfully completed its largest ever acquisition (ASIG) for US$202m
- Record reported underlying operating profits delivered - up 41% at £77.9m
- Exceptional charge of £27.1m relating to corporate transactions and pension de-risking
- Sale process for Menzies Distribution is underway
- Underlying EPS up 20%
- Proposed final dividend of 14.5p giving a total dividend of 20.5p for the year, up 11%
Menzies Aviation - An excellent year delivering strong growth
- ASIG acquisition completed and integrating well. Projected synergy target being exceeded
- Underlying business performing well
- Investment in people and processes ensuring industry leading position maintained
- Commercial progress continued with excellent net contract gain position
Menzies Distribution - A solid performance
- Underlying operating profit in line with last year at £24.8m
