Aeroflot wins east capital’s best gwowth award

Published on : Thursday, February 9, 2017

aeroflotAeroflot has been awarded East Capital’s prestigious Best Growth Award in recognition of its achievements in delivering robust growth and outstanding financial results in 2016.East Capital, one of the largest foreign investors in Russia, established its annual awards in 2004 to acknowledge the progress made by outstanding companies in its portfolios. Best Growth, the flagship nomination category, honours companies that demonstrate exceptional growth of sales, market share and profit margins.

 

In presenting the award, East Capital emphasised Aeroflot’s important role in the consolidation of the Russian aviation market, and highlighted Aeroflot’s steady growth in passenger traffic despite the overall market decline.

 

East Capital also lauded Aeroflot’s financial performance. In the first 9 months of 2016, Aeroflot’s EBITDA grew by 61.3% year-on-year, after already doubling in the prior year. The EBITDA margin reached a historic high of 20.2%. In addition to offering an attractive growth profile, the investment firm noted Aeroflot’s double-digit dividend yield and robust stock returns. Aeroflot shares repeatedly traded at all-time highs in 2016.

 

The expert panel that made the award said Aeroflot was “an inspiration” for its peers. In 2016 Aeroflot achieved a landmark in the highly competitive international market, as its market capitalization exceeded that of peers such as the Air France-KLM group and Turkish Airlines, and equaled that of Air Canada.

 

This prestigious award from the international investor community further underscores the attractiveness of Aeroflot’s investment case and long-term market potential, driven by the airline group’s successful multi-brand strategy, efficient management and award-winning superior travel product.

 

Aeroflot CEO Vitaly Saveliev received the prestigious award from East Capital Partner and Head of Eastern Europe Jacob Grapengiesser.

 

“2016 was indeed a year of growth for Aeroflot. Our share price grew by 173% in RUB, leading the way in our sector. During the year we carried more than 43 million passengers. We achieved double-digit growth even as the overall Russian aviation market decreased. Looking ahead, we remain on track to deliver on our strategic goals for 2025,” Vitaly Saveliev said.

 

Source:-Aeroflot

Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 07 thehotelshowsaudiarabia 2019
  • 07 WTM Africa 2019
  • 09 travelmeetasia 2019
  • 10 Asia Pacific 2019
  • 10 Hotel Management Thailand 2019
  • 11 Bar and Restaurant Investment 19
  • 11 Digital Travel 2019
  • 12 kitf 2019
  • 12 Routes Europe 2019
  • 13 Food Hospitality2019
  • 14 SWTF 2019
  • 15 PATA 2019
  • 17 AITF 18
  • 17 getglobal 19
  • 17 itehk 19
  • 18 UITT 2019
  • 30 PATA

TRAVEL INDUSTRY EVENTS

    1. ibtm ARABIA

      March 25 - March 27
    2. Medical Travel & Wellness Conference 2019

      March 26 - March 28
    3. Deluxe Travel Market Ukraine

      March 26
    4. UITT 2019

      March 27 - March 29
    5. Deluxe Travel Market Kazakhstan

      March 29
Get our toolbar!
Review www.travelandtourworld.com on alexa.com