Our growth strategy
Stobart Group has a focused strategy to deliver shareholder value in the new environment following the COVID-19 pandemic. The basis of this strategy is to:
- Focus on Aviation. At London Southend Airport we will specifically design and implement an improved passenger experience for post-COVID 19 travel, making use of significant unutilised space and technology to enhance passenger confidence, while providing a cost-efficient base of operation to airlines;
- Realise value from the Energy business as a maturing, cash generative and stable business. This business is starting to benefit from a restart in the construction sector and is likely to be attractive to strategic partners and infrastructure investors and we will look to monetise value for shareholders over the next 18 to 24 months;
- Withdraw from the Rail & Civils business during the course of FY21. This business was impacted by continuing costs on a legacy contract and is unlikely to generate an appropriate return for shareholders given the risks associated to it; and
- All other non-core businesses or assets will be realised for value over the next three years.