BBA Aviation – 271.8p

14 May 2019 – trading update

BBA Aviation, a leading provider of global aviation support and aftermarket services, announced a trading update for the period 1 January to 30 April 2019 to coincide with its Annual General Meeting on 10 May.  Trading performance remains in line with expectations, with revenue up 23.1% on the same period a year earlier.  This reflects organic growth and the acquisitions of EPIC, Firstmark and Ontic licences.  On a like-for-like basis at constant currency, adjusting for fuel prices and before acquisitions, revenue was up 1.1%.  Interim results are due to be released on 5 August and we keep our BUY rating in the meantime.

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