Company profile
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John Menzies plc is registered in Scotland with Company Registration Number SC34970 and has its registered office at 108 Princes Street, Edinburgh EH2 3AA.
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Snapshot
John Menzies plc is a time critical logistics company with two operating divisions, Menzies Aviation and Menzies Distribution.
Menzies Aviation is one of the worlds leading independent ground and cargo handlers, with over 14,000 employees worldwide servicing over 500 airline customers at 120 locations in 28 countries.
Menzies Distribution is a leading provider of added value distribution and marketing services to the UK's newspaper and magazine supply chain. The division has 4,000 employees at 19 hub and 18 spoke branches throughout the UK and Ireland.
Both divisions operate in distinct B2B sectors where success depends on providing a safe, efficient and high quality, service to their customers and partners.
Strategy
The Group has a clear strategy.
Menzies Aviation: continue on its rapid growth path, creating regional density organically by targeting attractive customers in attractive markets and selectively acquiring complementary businesses.
Menzies Distribution: Maintain its core earnings whilst mitigating cost inflation and pursuing new revenue streams.
The Board has challenged the Operating Board of Menzies Aviation to deliver the following key priorities:
- Safety and security as number one priority
- Get basics right
- Organic growth at existing and new locations
- Deliver regional density
- Selective qcquisitions that add value
- Developing and exploiting cross-sell and key account opportunities across the network
The Operating Board of Menzies Distribution has been challenged to deliver the following key priorities:
- Continuing to remove costs to mitigate inflation
- Introduce further initiatives to improve efficiency
- Develop further new revenue streams and products
- Improve customer service - aim to be the most respected in the industry
Menzies Distribution
Menzies Distribution is a cash generative business with around 30% of the newspaper and magazine wholesale distribution market in the UK. It has a record of investment in innovation and customer service delivery.
Its services include:
Newspaper and magazine distribution: we handle 5.7 million newspapers (6.1 million on Sundays) and 2.7 million magazines (covering 3,000 titles) every day. Deliveries are made in the early hours of the morning 364 days a year to more than 23,000 retail customers from the Northern Isles to the Isle of Wight.
Marketing services: services to multiple and independent retailers include space and range planning, racking, displays, and sales promotion, category management and sales-based replenishment. Services to publishers include supporting the launch new titles, ongoing sales promotion and development, and bespoke services such as data services and returns processing.
Menzies Aviation
Menzies Aviation is rapidly expanding in terms of revenue, contract wins, geographical spread and regional density. Operating in growing markets, it is a leading player in the global ground and cargo handling sectors, with teams working at 120 locations worldwide. The division has over 14,000 employees.
Its services include:
Ground Handling: a full ground handling service is available to customers, including ticketing, check-in, dispatch, boarding, management of passenger lounges and baggage services. Airside, we offer load control, passenger and baggage transfer, ramp handling services, aircraft towing and pushback, cabin cleaning, water services, di-icing and other ancillary services.
Cargo Handling: our service provision includes ramp transfer, load management, import and export handling, warehousing, trucking and other track and trace services. Our AMI business provides airfreight and courier wholesaling services and forwarder handling.
History
John Menzies plc has operations all over the world, but its Scottish roots and character remain integral features of the company.
The company is famous historically for retailing and takes its name from its founder Mr John Menzies who opened his first bookshop in Edinburgh in 1833 as bookseller, stationer, printseller, book publisher and engraver.
In 1997 the company decided to exit its non core businesses to focus on its logistics strength. John Menzies Retail was sold in the following year. The company went on to make a series of acquisitions to secure its position as a leading player in the news wholesale trade and also form the basis of its current aviation division.
Back to topJohn Menzies websites
www.johnmenziesplc.com
www.menziesdistribution.com
www.menziesaviation.com
Key financials
| (£m) | 2007 | 2006 |
|---|---|---|
| Revenue | 1,541.1 | 1,450.0 |
| Underlying profit before tax (1) | 38.0 | 35.8 |
| Underlying operating profit (2) | ||
| Aviation | 20.6 | 16.6 |
| Distribution | 23.4 | 23.7 |
| Underlying EPS (3) | 47.9 | 46.9p |
- Underlying profit before tax is defined as profit before tax, goodwill and exceptional items.
- Underlying operating profit includes the division's share of pre tax profit from joint ventures and associates, and excludes exceptional items and goodwill.
- Underlying earning per share is profit after tax and minority interest but before goodwill and exceptional items, divided by the weighted average number of ordinary shares in issue.
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Key management
Paul Dollman, Group Finance Director
Appointed September 2002. Previously at William Grant & Sons, Inveresk plc, Maddox Group plc and Clydesdale Retail Group.
Craig Smyth, Managing Director, Menzies Aviation
Appointed as Managing Director, Menzies Aviation in February 2004 and a Director in March 2007. Previously Vice President, Americas and Finance Director both at Menzies Aviation. Joined John Menzies in 1993.
Ellis Watson, Managing Director, Menzies Distribution
Appointed Managing Director, Menzies Distribution in September 2005 and a Director in March 2007. Previously at Trinity Mirror plc (as Managing Director of National Newspapers), Celador International and News International.
