Servisair Group Limited provides aviation ground services. It offers ground handling services, such as passenger and ramp/technical services, passenger check-in, ticketing, boarding, lost and found, irregularity handling, security screening, baggage loading, pushback, towing, repositioning, aircraft cleaning, toilet/water, aircraft de-icing, load control, communications, flight operations, dispatch, line and GSE maintenance, and supervision. It offers cargo processing services, such as cargo warehousing, aircraft loading and unloading, trucking, documentation, dangerous goods handling, customs brokerage, freight forwarding, supervision, and capacity control; and into-plane fuelling services,...
Runcorn, WA7 1TT
Founded in 1967
Servisair Reports Earnings Results for the First Half Ended March 31, 2013
May 23 13
Servisair reported earnings results for the first half ended March 31, 2013. For the period, the company reported revenue of €357.0 million against €323.7 million a year ago. Recurring EBITDA was €37.8 million against €21.3 million a year ago. Recurring operating profit was €26.0 million against €9.9 million a year ago. Operating profit was €24.0 million against €8.5 million a year ago. Servisair's revenue increased by 10.3% compared with the same period last year. The main effects contributing to this growth were: The consolidation of revenue derived from the acquisition of Handlex in June 2012; Above-average aircraft de-icing activity, which is dependent on weather conditions and was significantly below average last year; Growth in Cargo-related services stemming from the gain or ramp-up of new contracts. Recurring EBITDA amounted to €37.8 million, or 10.6% of revenue, giving Servisair the ratio of recurring EBITDA to revenue in the entire company. Compare with the previous year, the increase was 77%.