John Menzies (MNZS) confirmed this week that it is on track to grow its operating margin and meet its revenue growth target of 8 per cent, allaying some investors' fears over the group’s prospects.
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Investors have been selling the shares in recent months, as Menzies has faced competition in the aviation services sector. The group has lost contracts and some of its licences have gone unrenewed, but it has had success in exiting low-margin contracts and winning business at a higher margin – netting 34 new contracts in the period.
