euro adhoc: Austrian Airlines AG
Financial Figures/Balance Sheet
POSITIVE
ANNUAL RESULT OF EUR 3.3 MILLION IN 2007
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
12.03.2008
Adjusted EBIT returns clearly into positive figures at EUR 39.1m
Net debt reduced to EUR 982.9m
At EUR 3.3m (2006 figure: EUR -129.9m), the annual result of the Austrian Airlines Group bounced back into positive figures in 2007, following two years of negative results. This is an improvement of EUR 133.2m. The company improved its EBIT from EUR -89.0m in 2006 to EUR 25.6m in the report period 2007. The adjusted EBIT of EUR 39.1m in 2007 rose by EUR 47.4m, a substantial increase on the figure for the previous year. For the first time since 2004, this figure shows a positive numeric value.
In line with the reduction in available seat kilometers (ASK) of 15.4% which affected mainly the long-haul segment while there was a strong growth in the core markets (short- and medium haul segment), the flight revenue of the Austrian Airlines Group fell at a slower rate than production in the report period, decreasing by just 3.7% to EUR 2,368.6m (2006 figure: EUR 2,458.8m). At EUR 2,550.9m, the Group's operating revenue was slightly (4.2%) below the figure for the previous year.
The net debt of the Group fell to EUR 982.9m in the past business year. On the balance sheet date 31 December 2007, the equity ratio of the Austrian Airlines Group at 27.7% was above the comparable figure for 2006 (24.5%) due to the consistent reduction in liabilities.
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
Further inquiry note:
Konzernkommunikation:
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