Stobart Group has a clear and focused strategy to drive commercial growth in its Aviation and Energy divisions.
Growth in Stobart Aviation will be driven by opportunities at London Southend Airport arising from the commercial agreements with Ryanair and easyJet, together with other airline partners. These agreements provide confidence that the airport will record significantly increased passenger numbers in 2019, with the Group targeting 5 million passengers from 2022.
Similarly, Stobart Energy has immediate opportunities to generate significant, sustainable operating cashflows based on the long-term contracts it has in place to deliver over 2.2million tonnes per year of biomass fuel. Stobart Energy has invested in its people, infrastructure and service offering to ensure it can deliver biomass fuel, and aims to achieve an average £12 EBITDA per tonne by 2022.