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5th September 2000

INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2000

  • Sales from continuing operations up 17% to £662m (H1 1999: £564m)
  • 8% underlying organic sales growth in our two divisions (H1 1999: 6%)
  • Operating profit* from continuing operations up 20% to £94.5m (H1 1999: £78.7m)
  • Profit before tax* up 7% to £97.7m (H1 1999: £91.6m)
  • Basic earnings per share* up 7% to 15.6p (H1 1999: 14.6p)
  • Dividend per share up 7% to 3.1p (H1 1999: 2.9p)

* Before goodwill amortisation

Commenting on the results, Roberto Quarta, BBA Group Chief Executive, said:

"This has been a very successful first six months of the year. The disposal of Automotive Friction represents the latest step in the transformation of BBA. It allows us to concentrate on the two remaining, higher growth, high value added divisions, Aviation Services and Materials Technology.

"BBA will drive growth through its focus on services and technology, both organically and through acquisitions. We are continuing to build on our leadership in our markets and to expand into new product and geographical markets to secure our further growth. We are looking to the future with confidence."

Vanni Treves, BBA Group PLC, 020 7831 9607
Roberto Quarta/Roy McGlone

Susan Gilchrist/Nigel Prideaux/Charlotte Elston, Brunswick, 020 7404 5959

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