euro adhoc: SkyEurope Holding
Annual Reports
Annual Report of SkyEurope
Holding a.s.
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
annual report
17.01.2008
SkyEurope Holding is publishing its Annual Report for 2007. Below you can find highlights of the report and financial highlights of the group. The full version of the annual report you can find on the webpage of SkyEurope on www.skyeurope.com/InvestorRelations/ShareholderMeeting.
HIGHLIGHTS OF THE REPORT New experienced aviation management team appointed including CEO, CFO, and CCO
First profitable quarter ever with Q4 EBIT of EUR 14.3 million
Best financial year ever, with an EBIT margin of - 8.9%
New base in Vienna opened on 25 March 2007
Record number of carried passengers per year, over 3.3 million and 8.2 million during SkyEurope´s history
Highest load factor in the history of SkyEurope Airlines of 90.8% in August 2007 and 82.8% for the year
Year on year revenue growth of 41%
Unit costs reduced by 6.6%
Reallocation of capacity from Krakow and Budapest to Vienna and Prague in order to simplify operations
SkyEurope Airlines completes fleet renewal process and now has the youngest commercial fleet in Europe with 14 brand new Boeings 737-700NG
The first directly purchased Boeing 737-700NG is delivered in July 2007
SkyEurope introduces an improved product focusing on less destinations and higher frequencies
FINANCIAL HIGHLIGHTS OF THE GROUP
In thousands of EUR (12 months ended 30 September) 2007 2006 Change
Financial ratios Operating revenue 236,177 185,358 27.4% EBITDAR 9,604 (32,143) n.m. EBITDAR margin 4.1% (17.3%) 21.4 pp EBIT (20,913) (55,477) n.m. EBIT margin (8.9%) (29.9%) 21.4 pp Loss before income taxes (20,203) (58,080) (65.2%) Net loss for the period (24,070) (57,292) (58.0%)
Equity (2,738) 16,369 (116.7%) Cash and cash equivalents 11,579 41,789 (72.3%)
Operating data Average no. of aircraft 12.9 14.0 (7.7%) No. aircraft at period end 14.0 14.0 0.0% Passengers 3,312,443 2,560,597 29.4% Aircraft utilisation (BH per day)10:45 9:29 13.2% ASK (million km) 4,230 3,703 14.2% RPK (million km) 3,503 2,801 25.1% Load factor (RPK/ASK) 82.8% 75.6% 7.2 pp Revenue per ASK (EURc) 5.58 5.01 11.5% Revenue per seat (EUR) 58.2 52.8 10.2% Yield in EURc (Rev./RPK) 6.74 6.62 1.9% Average revenue per PAX (EUR) 71.3 72.4 (1.5%) Cost per ASK (EURc) 6.08 6.50 (6.6%) Cost per ASK ex fuel (EURc) 4.71 4.85 (3.0%) Cost per seat (EUR) 63.4 68.7 (7.7%) Sectors 27,796 25,542 8.8% Average stage length 1,041 1,055 (1.4%) Total staff at period end 927 860 7.7% Staff per aircraft 66 61 7.7%
end of announcement euro adhoc
Further inquiry note:
SkyEurope Holding AG
Nick Manoudakis, CFO
Tel.:+421 915 782 432
mailto:investor.relations@skyeurope.com
Branche: Air Transport
ISIN: AT0000497003
WKN: A0F5WU
Index: WBI
Börsen: Wiener Börse AG / official market