Gama Aviation (GMAA)

Sector:

Commercial Transport

Index:

FTSE AIM All-Share

58.50p
   
  • Change Today:
    -0.50p
  • 52 Week High: 107.50p
  • 52 Week Low: 58.00p
  • Currency: UK Pounds
  • Shares Issued: 63.64m
  • Volume: 744
  • Market Cap: £37.23m

Gama Aviation's keeps targets despite 'challenging' European market

By Duncan Ferris

Date: Monday 24 Sep 2018

LONDON (ShareCast) - (Sharecast News) - Gama Aviation kept faith with its full-year expectations on Monday even though the business aviation services company's first-half profits plummeted.
For the six months ended 30 June profit before tax slumped by 63% to $3.2m compared to the same period last year, while revenues over the period dropped by 3% on a constant currency basis to $104.6m.

The drop in results was driven by a poor performance in the "challenging" European market, where revenue from the firm's ground handling division dropped by 23% to $26.7m and by 5% to $45m for the air division.

New business wins are expected for the European ground division in the second half of the year after Gama secured a new facility for the division at Bournemouth Airport, moving operations there to expand the business and deliver efficiency savings.

The AIM traded company had cash of $24.3m at 30 June, up from $22.3m at the same point last year.

Marwan Khalek, chief executive of Gama Aviation, said: "The first half of the year has been a busy period with the equity placing and refinancing completed, and progress across our operations. We continue to scale up across all geographies and service lines and develop our pipeline of value enhancing acquisitions. We remain confident in delivering our future growth plans and strategic objectives."

Strong US growth is expected to continue by the company's board, with the hope being that steady growth in Asia and the Middle East can also help to offset the difficult conditions in Europe.

Gama Aviation's shares were down 4.74% at 184.80p at 0931 BST.

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Gama Aviation Market Data

Currency UK Pounds
Share Price 58.50p
Change Today -0.50p
% Change -0.85 %
52 Week High 107.50p
52 Week Low 58.00p
Volume 744
Shares Issued 63.64m
Market Cap £37.23m

Gama Aviation Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.26% above the market average87.26% above the market average87.26% above the market average87.26% above the market average87.26% above the market average
76.47% above the sector average76.47% above the sector average76.47% above the sector average76.47% above the sector average76.47% above the sector average
Price Trend
84.77% below the market average84.77% below the market average84.77% below the market average84.77% below the market average84.77% below the market average
88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average
Income
48.84% above the market average48.84% above the market average48.84% above the market average48.84% above the market average48.84% above the market average
16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average
Growth
66.65% below the market average66.65% below the market average66.65% below the market average66.65% below the market average66.65% below the market average
12.5% below the sector average12.5% below the sector average12.5% below the sector average12.5% below the sector average12.5% below the sector average

Gama Aviation Dividends

  Latest Previous
  Final Final
Ex-Div 04-Jul-19 28-Jun-18
Paid 25-Jul-19 25-Jul-18
Amount 2.00p 2.75p

Trades for 29-Jan-2020

Time Volume / Share Price
10:01 744 @ 58.00p

Gama Aviation Key Personnel

CEO Marwan Khalek
COO Neil Medley
Chair Simon To
CFO Daniel Ruback

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