EANS-Adhoc: Air Berlin PLC
Air Berlin increases revenue to 3.4 billion euros
in 2008 - operational result reaches 14.2 million euros
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
full year results 2008
30.03.2009
Ad-Hoc Release pursuant to Sec. 15 Securities Trading Act (WpHG)
London, 30 March 2009 - Despite the difficult conditions for the aviation industry the Air Berlin PLC has achieved an operational result (EBIT) of 14.2 million euros in the financial year 2008. The consolidated total revenue reached 3.40 billion euro (pro forma 2007: 3.19 billion Euro*). That corresponds to an increase of 6.7 per cent. Earnings in 2008 were mainly affected by two opposing influences. On the one hand the performance enhancement programme implemented in summer 2008 led to a significant earnings improvement on the operating level. On the other hand, the financial result worsened significantly. Despite substantially higher expenses for jet fuel, the operating result on the EBITDAR level improved by 11.6 percent from 427.4 million euros in 2007 to 476.8 million euros. Because of a high negative change in the fair value of cross-currency interest rate swaps, which had no cash effect, as a consequence of the extreme volatilities caused by the world financial markets crisis, the result before taxes changed only slightly in the financial year from -59.4 million euros in previous year to -57.8 million euros. After taxes the net result for 2008 amount to -75.0 million euros, compared with -39.9 million euros in the previous year. The tax expense in 2008 results primarily from the write-off of deferred tax assets on tax loss carryforwards due to restructuring. Earnings per share amounted to -1.14, compared with 0.33 as reported in the previous year.
Air Berlin publishes detailed information to the year-end financial statements as well as the complete annual report starting from 8:00 h (CEST) in the Internet under ir.airberlin.com.
* pro forma data: the Air Berlin Group including its subsidiaries LTU and Belair over the whole of 2007.
Air Berlin PLC The Hour House 32 High Street Rickmansworth WD3 1ER Hertfordshire Great Britain WKN AB1000 (Share) Frankfurt Stock Exchange (Official Market, Prime Standard) WKN AONQ9H (Convertible Bond) Euro MTF Market on the Luxembourg Stock Exchange
end of announcement euro adhoc
Further inquiry note:
Ingolf Hegner
Head of Investor Relations
+49 (0)30 3434 1532
ihegner@airberlin.com
Branche: Air Transport
ISIN: GB00B128C026
WKN: AB1000
Index: SDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade