euro adhoc: Austrian Airlines AG
Quarterly or Semiannual Financial
Statements
Repositioning as Eastern Europe Specialist with
Pan-European Reach will bring 50% Increase in Passenger Volume from
and to Eastern and Central Europe by 2008 (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Results trend and balance sheet for first half-year of 2003
Prompt and comprehensive countermeasures partially offset negative trend
Full year result to break-even at EBIT level or to be slightly positive respectively
With the first half-year of 2003 characterised by negative trends such as war in Iraq, the outbreak of SARS and continuing weakness in the global economy, the Austrian Airlines Group generated Earnings Before Interest and Taxes (EBIT) of EUR -23.3m. Profit before tax (EGT) for the half-year was EUR -28.6m, compared to EUR 4.3m for the comparison period the previous year. Based on the developments in the first half-year, the full year result is forecast to break-even at EBIT level or to be slightly positive respectively. Due to the negative effects outlined above, the passenger volume of the Austrian Airlines Group fell by 5.8 % in the first six months of the year to 3,847,698 million passengers carried.
The half-year result of the Austrian Airlines Group at a glance
~
1-6/2003 1-6/2002 +/- %
Revenue EURm 941.3 1,030.9 -8.7
EBITDAR adjusted1 EURm 85.1 156.9 -45.8
EBITDAR EURm 183.4 252.4 -27.3
EBIT adjusted2 EURm -52.5 7.0 -
EBIT EURm -23.3 29.7 -
Profit before tax adjusted2 EURm -60.0 -24.2 -
Profit before tax EURm -28.6 4.3 -
Cash flows from operating EURm 149.0 305.6 -51.2
activities
Passengers carried 3,847,698 4,086,550 -5.8
Passenger load factor % 66.0 68.6 -2.6P.
(scheduled services)
~1Adjusted for profits from the disposal of assets and for exchange rate valuations at the reporting date. 2Adjusted for profits from the disposal of assets, exchange rate valuations at the reporting date and revaluations of aircraft
end of announcement euro adhoc 07.08.2003
Further inquiry note:
Konzernkommunikation:
Johannes Davoras
Johann Jurceka
Tel.: 051755-1231
Investor Relations
Karl Knezourek
Tel.: 051766 - 3328
Branche: Air Transport
ISIN: AT0000620158
WKN: 062015
Index: ATX, ATX Prime, WBI
Börsen: Wiener Börse AG / official dealing