euro adhoc: Austrian Airlines AG
quarterly or semiannual financial statement /
Austrian Airlines Group begins report year 2007 with significant improvement in
result
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
25.04.2007
Strong starting-point based on restructuring measures introduced and consistent expansion of Focus East strategy
Financial Result of Austrian Airlines Group, First Quarter 2007
Austrian Chief Executive Officer Alfred Ötsch today offered the following summary of the newly-released figures: 'Our operating result (EBIT) improved significantly in the first quarter of 2007 compared to the previous year, rising from EUR -50.1m to EUR -19.0m, and now forms a sound basis for the further development of the financial year 2007. Last year's successful capital increase and steady implementation of our redimensioning processes throughout the company are key factors in our future. The restructuring measures and closure of unprofitable long-haul routes are already well underway, and a social plan has been worked out and agreed with the Staff Council for employees affected both directly and indirectly by the changes. The impact of our and service offensive are already measurable in passenger figures and we will continue with the quality focus in 2007: the refitting of our long-haul
Business Class sections with lie-flat sleeper seats is largely complete, and we expect passengers to be enjoying DO&CO catering on board our flights from the summer of 2007 onwards.'
Overview of Financial Result, First Quarter 2007
Key indicators |1-3/2007 |1-3/2006 |+/- % | Revenue EURm |561.5 |546.8 |2.7 | EBITDAR EURm |67.9 |44.4 |52.9 | EBITDAR adjusted 1 EURm |59.8 |38.7 |54.5 | EBIT EURm |-19.0 |-50.1 |62.1 | EBIT adjusted 2 EURm |-27.1 |-53.9 |49.7 | Result before tax EURm |-29.2 |-65.3 |55.3 | Result before tax adjusted 2 EURm |-36.5 |-67.7 |46.1 | Cash flow from operating EURm 69.0 48.8 41.4 activities Passengers carried (scheduled & Passengers|2,245,382 |2,117,368 |6.0 | charter) | | | | | Passenger load factor (scheduled % | 74.1 |72.4 |1.7P. | services) | | | | | Cargo Tons | 37,924 |40,128 |-5.5 |
1 Adjusted for result from the disposal of assets and exchange rate valuations at the reporting date. 2 Adjusted for result from the disposal of assets, exchange rate valuations at the reporting date and revaluations of aircraft.
end of announcement euro adhoc 25.04.2007 07:27:09
Further inquiry note:
Konzernkommunikation:
Livia Dandrea-Böhm
Tel.: 051766-1231
Investor Relations
Dr. Prisca Havranek-Kosicek
Tel.: 051766 - 3311
Branche: Air Transport
ISIN: AT0000620158
WKN: 875224
Index: WBI, ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing