Regulatory Announcements


18 March 2003

John Menzies plc - Preliminary Results 2002

 
Highlights:
 
  •              
    		•
    Turnover* £1,196.5m (up 4.5%)
     
  •              
    		•
    Headline PBT up £11.3m to £25.9m
     
  •              
    		•
    Distribution operating profit up 10% to £28.7m
     
  •              
    		•
    Aviation operating profit £3.7m (loss £2.6m)
     
  •              
    		•
    Headline EPS up 18.7p to 32.9p
     
  •              
    		•
    Final dividend of 12.6p maintains total dividend at 18.1p
     
     
    * on continuing operations
     
     
    "This has been a challenging but rewarding year for the Group.
     
    Distribution has performed ahead of expectations on strong sales boosted by a vibrant magazine market.
     
    In a challenging climate, Aviation has delivered its turnaround following rigorous management action over the past 18 months and has begun to show the strategic strength of that Division.
     
    Whilst the world may be an uncertain place, Distribution is a reliable cash generative business and there is huge potential being unlocked in Aviation.  Both businesses have started the year in line with our expectations, and justify my belief that the Group has a strong future."
     
    For further enquiries please contact:
     
    David Mackay, Chief Executive
     
     
    John Menzies plc
    0207 233 5550
    Jonathan Rooper/Jackie Range
     
     
    CardewChancery
    0207 930 0777
    John Geddes, Head of Investor Relations
     
     
    John Menzies plc
    07796 336 173
     

    Press Release PDF Version

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