Aviation drives John Menzies profits

Menzies John Menzies aviation business was the company's biggest profit driver last year

Related Stories

Edinburgh-based distribution and aviation firm John Menzies has announced profits up by a quarter to £56.4m.

The 179-year-old company said its aviation services overtook newspaper distribution as its biggest profits driver last year.

The group won 50 new contracts during the year which will generate £41m and it renewed 81 contracts worth £77m.

Turnover for the group reached a record £2bn.

Paul Dolman, Menzies' finance director, said: "The real growth is coming from our aviation division and we are now in 131 airports in 29 countries.

"People like easyJet are growing their business model and we are very much allied to the low cost end of the market. That's one of our specialities to deliver a quick safe turnaround service."

Recent deals secured by the group have included the contract to handle Flybe operations at Gatwick and Birmingham International from next month, as well as 134 easyJet flights a week at Toulouse, France.

In the distribution business, profits were flat on a year earlier despite newspaper volumes being down 8% and a 6% drop in magazine volumes.

The division handles five million newspapers and 2.1 million magazines every day, with deliveries to more than 25,000 customers.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Scotland business stories

RSS

Features

  • Baby being handed overFraught world

    The legal confusion over UK surrogate births


  • Bad resultsBlame game

    The best excuses to use when exam results don't make the grade


  • Police respond to a shooting in Santa MonicaTrigger decision

    What really happens before a police officer fires his gun?


  • Child injured by what activists say were two air strikes in the north-eastern Damascus suburb of Douma (3 August 2014)'No-one cares'

    Hope fades for Syrians one year after chemical attack


  • Lady AlbaGoing Gaga Watch

    Social media's use ahead of the independence referendum


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.