Wednesday 29th Mar 2017 - Logistics Manager

Stobart ‘in line with expectations’

Stobart Group, which has a 49 per cent stake in Eddie Stobart Logistics, says that underlying results for the year to 28th February will be in line with management expectations.

Chief executive Andrew Tinkler said: “The focus of the last twelve months has been to continue our progress towards the clear targets for each of our growth divisions; Energy, Aviation and Rail while realising value for shareholders from our Infrastructure and Investments divisions. I am pleased with the progress we have made across all parts of the group this year and remain confident of delivering growth and good returns for shareholders over the coming years.”

In February Stobart completed the acquisition of the remaining interests in its aircraft leasing business, Propius Holdings and Everdeal Holdings, the holding company of Stobart Air.