euro adhoc: Austrian Airlines AG
quarterly or semiannual financial statement /
Positive Ebit confirms upward trend
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
24.10.2007
Adjusted EBIT for financial year 2007 not negative
Financial result of the Austrian Airlines Group, January to September 2007
"After achieving a balanced EBIT the previous year, we have succeeded in improving the EBIT in the first nine months of 2007 to EUR 33.3m. The adjusted EBIT, which stood at EUR -9.1m last year, has also improved significantly this year, to EUR 32.2m. This demonstrates that we are very much on the right path with our restructuring measures. Despite high level of the oil price, we have also been able to slightly increase the adjusted result for the third quarter. In light of the continuing positive trend, we assume that the adjusted EBIT for 2007 as a whole will not turn out negative despite the high average fuel price," commented Austrian CEO Alfred Ötsch today. Mr. Ötsch continued: "In our quality offensive, we have continued to create a wide range of incentives to fly Austrian, including our DO&CO catering, new interactive services, greater legroom on our Fokker fleet and the new HON Lounge. In strategically expanding our network, we are concentrating on our successful target markets in Central and Eastern Europe, where we will also be introducing more frequency increases in the winter schedule. We are well on our way, and from the way it looks
today, striving to generate a profit that will justify our paying a dividend by 2009."
Overview of Financial Result January to September 2007
|Key Figures | |1-9 / 2007 |+/- % py |7-9 / 2007 |+/- % py |Revenue |EURm. |1,891.7 |-4.1 |687.6 |-8.2 |EBITDAR1 |EURm. |295.7 |10.5 |123.3 |-4.3 |EBITDAR1 adjusted2 |EURm. |294.6 |16.2 |130.0 |2.7 |Result from operating |activities (EBIT) |EURm. |33.3 |- |36.2 |-11.7 |Result from operating |activities (EBIT) |adjusted2 |EURm. |32.2 |- |42.9 |10.9 |Net result for the |period |EURm. |20.6 |- |29.2 |-17.0 |Cash flow from |operating activities |EURm. |252.5 |-4.5 |61.0 |-11.8 |Net Gearing |% |117.7 |- |117.7 |- |Earnings per share |EUR |0.26 |- |0.35 |-67.6 |CVA |EURm. |-50.0 |41.8 |20.1 |1.0 |Passengers carried |(total) | |8,348,412 |-0.7 |3,252,901 |-4.8 |Passenger load factor |(scheduled service) |% |75.5 |1.2P. |78.0 |0.0P. |Employees (end of |period) | |7,980 |-7.8 |7,980 |-7.8
1 Result from operating activities (EBIT) before associates, before depreciation and rentals 2 Adjusted by the result from the disposal of assets, other costs of the transfer of aircraft, foreign currency valuations at the reporting date and impairment of the value of aircraft
Die Angaben zur Offenlegung gemäß §§ 24 und 25 Mediengesetz sind unter www.austrian.com auffindbar / Please find further information concerning the disclosure according to §§ 24 and 25 Media Act on www.austrian.com
end of announcement euro adhoc 24.10.2007 07:25:31
Further inquiry note:
Corporate Communications:
Livia Dandrea-Böhm
Tel.: 051766-11231
Investor Relations
Dr. Prisca Havranek-Kosicek
Tel.: 051766 - 13311
Branche: Air Transport
ISIN: AT0000620158
WKN: 875224
Index: WBI, ATX Prime, ATX
Börsen: Wiener Börse AG / official market