After a turbulent 2015 both in terms of Aviation operations and management change, Menzies needs a period of stability. These results are a first step but the outlook remains challenging in terms of Aviation competition and National Living Wage headwinds for Distribution. It is also interesting that the Group structure is being evaluated. We await the analyst presentation but expect to remain at Hold.
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Tough year for aviation; structure being evaluated
- Published:
08 Mar 2016 -
Author:
Jon Lienard -
Pages:
3
After a turbulent 2015 both in terms of Aviation operations and management change, Menzies needs a period of stability. These results are a first step but the outlook remains challenging in terms of Aviation competition and National Living Wage headwinds for Distribution. It is also interesting that the Group structure is being evaluated. We await the analyst presentation but expect to remain at Hold.