The US bizjet market continues to improve slowly but Aftermarket has had a disappointing H1. Underlying PBT was 42% of our full year forecast but we expect Aftermarket to improve in H2. We await the presentation but anticipate reducing our forecasts by up to 5% and expect to retain our Hold recommendation.
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Mixed H1
BBA Aviation (BBA:LON) | 0 0 1.9% | Mkt Cap: 3,450m
- Published:
05 Aug 2015 -
Author:
Jon Lienard -
Pages:
3
The US bizjet market continues to improve slowly but Aftermarket has had a disappointing H1. Underlying PBT was 42% of our full year forecast but we expect Aftermarket to improve in H2. We await the presentation but anticipate reducing our forecasts by up to 5% and expect to retain our Hold recommendation.