Regulatory Announcements
02 November 2006
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John Menzies plc announces the acquisition of Express Baggage (Heathrow) Limited.
Following a number of recent acquisitions, John Menzies plc, the time-critical logistics company, is pleased to announce that Menzies Aviation, its aviation support services subsidiary, has acquired Express Baggage (Heathrow) Limited ("Express Baggage"), a provider of luggage services to major airlines, operating at London Heathrow airport and five regional branches around the UK.
Express Baggage provides services for the repatriation of lost luggage and replacement of damaged luggage to airline passengers. The company was previously privately owned and its reported gross assets as at 31 March 2005 were £0.4m.
Patrick Macdonald, Chief Executive of John Menzies plc, stated:
"The acquisition of Express Baggage expands our successful UK operations and service offering. We are now able to offer "complete baggage solutions" to many of our UK customers. This is the eighth acquisition by Menzies Aviation this year and demonstrates our commitment to this growing business. I look forward to further expansion as we continue to develop our Aviation Services portfolio."
Enquiries
John Menzies plc
Patrick Macdonald, Chief Executive 0131 459 8186
Paul Dollman, Group Finance Director 0131 459 8186
Citigate Dewe Rogerson
Ginny Pulbrook 020 7282 2945
Ged Brumby 020 7282 2996
NOTES TO EDITORS
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John Menzies plc, the time-critical logistics company, is one of Scotland's largest companies. The company has two operating divisions, Menzies Distribution and Menzies Aviation. Both divisions operate in distinct B2B sectors where success depends on providing an efficient, high quality, time-critical service to their customers and partners.
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In the year ended 31 December 2005 under UK GAAP, John Menzies reported turnover of £1,390.0m (2004 - £1,369.2m) and headline profit before tax of £39.4m (2004 - £33.6m). Turnover at the Distribution division was £1,104.3m (2004 - £1,109.4m) whilst operating profit was £30.7m (2004 - £30.5m). In the Aviation division turnover was £285.7m (2004 - £259.8m) and pre-exceptional operating profit was £13.3m against £10.3m in 2004.
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The company was established in 1833 and its head office is in Edinburgh, Scotland. Today the company is an international operation with businesses in Europe, North and South America, South East Asia, Australasia and Africa.
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Menzies Aviation is one of the world's major independent suppliers of ground handling services to the aviation market providing passenger, ramp and cargo services for many of the world's leading airlines and some of the busiest international airports. The division employs over 12,000 people across the globe, at 106 airports in 24 countries, servicing more than 500 airline customers.
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Further information on John Menzies plc can be found at: www.johnmenziesplc.com; www.menziesdistribution.com and www.menziesaviation.com. |
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