Overview
• Group has had a positive first half
• Aviation turnover up 7%
o Clear strategy delivering benefits
o Ground handling profitability improving, particularly in the UK
o Joint Venture with Oman Air secured
• Distribution delivered steady performance
o Media declines offset by strong Euro 2016 stickers sales
o Diversification away from the core print media business continues
o Secured a three-year national distribution services contract for WHSmith
• Favourable foreign exchange rates producing increased earnings
• Continuing strong cash generation - robust balance sheet
• Exceptional items charged in the period were £10.0m (2015: £6.2m) relating to a goodwill write-down (£7.2m) and net transactional costs of £2.8m
• Interim dividend up 8% to 5.4p
