I am currently reading through the annual report for 2013 and have noticed that BBA Aviation sold their Aftermarket Services group in February 2014.
I went through their financial summary and can see that there was a 2% decrease in Revenue from 2012 to 2013, however there was a 6% increase in operating cash flow. It is interesting to see that the aftermarket services group is made up into 3 sections; engine repair and overhaul, legacy support, and APPH. When looking into each section, the one that had the significant decrease was engine repair and overhaul. It seems that the overall market for this section was weaker, which resulted in a restructure, short term disruption and loss of market share.
Has anyone else's companies sold off one of their groups?
The other group in my company is Flight Support. They had a 4% increase in revenue from 2012 to 2013 and operating cash flow increased by a huge 17% which is great.
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