Press Release

Preliminary results for the year ended 30 June 2007

Aero Inventory plc (“Aero Inventory” or “the Group”), the provider of e-based procurement and inventory management solutions to the aerospace industry, today announces its results for the year ended 30 June 2007.

HIGHLIGHTS

• Turnover of £127.8 million, an increase of 101% over the previous year (2006: £63.5 million)
  
  
• Pre-tax profits of £26.8 million, an increase of 171% over the previous year (2006: £9.9 million)
  
  
• Fully diluted EPS of 38.9 pence (2006: 22.0 pence), an increase of 77% over the previous year on the capital base enlarged by the rights issue in March 2006.
  
  
• Proposed final dividend of 10.5 pence (2006: 6.7p), to give a total for the year of 15 pence (2006: 10.0p)
  
  
• Announcement today of an enlarged debt facility up from £85 million to £175 million permitting further substantial growth without recourse to the equity market
  

A presentation to analysts will be held at 9.30am on Monday 10 September 2007 at the offices of Buchanan Communications, 45 Moorfields, London, EC2Y 9AE.

Commenting on the results, Rupert Lewin, Chief Executive of Aero Inventory, said:

“We have completed a year of significant growth and development which has focused on the integration of our new contract with Qantas, and we have demonstrated clearly that we have the skills required to implement large contracts so improving our competitive position. We are now focused on further expansion and are well placed to win new business particularly given our substantially increased debt facilities.”

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View the full Preliminary results for the year ended 30 June 2007 PDF (146 KB)

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