Half year results for the six months to 30th June 2020
Financial highlights (2019 on a pre IFRS 16 basis, comparatives restated)- Adjusted Revenue $93.7m (H1 2019: $121.8m), down 23%, at constant currency down 22%.
- Adjusted Gross Profit $16.7m (H1 2019: $23.1m), down 28%, at constant currency down 27%
- Adjusted Gross Profit Margin 17.8% (H1 2019: 19.0%), down 1.2ppts, at constant currency down 1.2ppts
- Adjusted EBIT loss of $2.2m (H1 2019: profit of $5.2m), down 141%, at constant currency down 142%
- Adjusting items of $0.2m profit (H1 2019: loss of $4.2m), up 105% largely due to disposal accounting of the US Air Associate partially offset by impairments and net of taxation
- Net Debt, inclusive of obligations under leases, decreased to $87.9m from $98.0m at 31 December 2019
“Despite the challenges and focus on the pandemic and its impact, we have continued to drive our business forward with pleasing and long term contract wins in the special mission division and sizeable maintenance inputs into our Bournemouth maintenance facility.”
Marwan Khalek, CEO
Full year results 2019
2019 results
Half year results 2019
2019 results
2014
Hangar 8 Plc: Half Yearly Report Jun’ 2014:Click here
2013
Gama Holding FZC: 2013 Final Results:Click here
2012
Gama Holding FZC: 2012 Final Results:Click here
2011
Gama Holding FZC: 2011 Final Results:Click here