BBA Aviation falls despite revenue growth

10th Nov 2011 13:16

BBA Aviation, the aviation support company, has seen revenues grow 8% in the four months to the end of October compared to the same period of 2010.The company's latest management statement shows of the 8% figure, 5% was organic growth excluding acquisitions.There was a fly in the ointment in the form of a 1% decline in organic revenues at Flight Support although BBA did benefit from rising fuel prices to the tune of £27.5m (this figure was excluded from the revenue growth numbers).Another item that may have pleased Chief Executive Simon Pryce was a €23.1m tax refund in Germany.Commenting on the results he said: "We have a strong pipeline of investment and acquisition opportunities and we continue to anticipate making positive underlying progress, achieving a full year result in line with our expectations."Shares were down 0.45% at 177.90p by 14:06.BS