Led by long-standing CEO Andrew Tinkler and Executive Board colleagues, Stobart Group is the UK's leading and best-known infrastructure and support service businesses operating in the biomass, energy, aviation and railway maintenance sectors as well as having investments in a national property and logistics portfolio. Stobart Group also has licence agreements in place for its brand name. Our vision is to deliver superior growth and shareholder returns by enhancing and investing our Infrastructure and Investment assets and creating new growth platforms in Energy, Aviation and Rail.
Our stated strategy of investment in businesses with high future growth potential followed by a two to three year period of value maximisation is on track. We understand fully that there are a number of ways that we can deliver return on our investment. Further, we know that a critical factor in maximising returns will be to get the timing of our actions right.
Underlying EBITDA increased by 69.8% to 30.0m (2015:£17.6m) with all divisions reporting EBITDA ahead of prior year. Property realisations generated £24.1m cash proceeds.