EANS-News: Air Berlin Achieves an EBIT of EUR 118.0 m in the Third Quarter and a net Proft of EUR 95.2 m - Forecast for Financial Year 2009 is Confirmed

All PR Newswire news

LONDON, November 18 /PRNewswire-FirstCall/ --

- 9-Month Report / Q3-Figures 2009

In the third quarter of 2009, the consolidated total revenue of Air Berlin PLC decreased by 8.2 per cent to EUR 974.0 m due to planned capacity reductions in connection with the efficiency program, as compared to EUR 1,061.4 m in the third quarter of the previous year. EBITDAR reached EUR 228.7 m in this reporting quarter as compared to EUR 209.0 m in the previous year. EBIT increased by 33.5 per cent to EUR 118.0 m as compared to EUR 88.4 m in the prior year. The financial result has been affected by proceeds from payments on a convertible bond amounting to approximately EUR 20 m. Additionally, foreign exchange losses were lower than in 2008, so that the financial result improved from EUR -15 m in 2008 to EUR 3.2 m. The Group achieved a net profit in the third quarter 2009 of EUR 95.2 m compared to EUR 45.1 m in the third quarter of 2008. Last year's figures have been restated in line with valuation changes under IFRIC 13 ("Customer Loyalty Programmes").

Despite the remaining risks with respect to the economic environment and the development of the economy, Air Berlin confirms its previous forecast that it will achieve a better operating result than in 2008.

Air Berlin will publish detailed information on the third quarter results as well as the complete interim report as of 30 September 2009 on 19 November starting from 7:30 a.m. (CET) on the Internet at ir.airberlin.com.

Air Berlin PLC The Hour House 32 High Street Rickmansworth WD3 1ER Hertfordshire Great Britain WKN AB1000 (Share) Frankfurter Wertpapierborse (Regulated Market, Prime Standard) WKN A0NQ9H (Convertible Bond 2007) Euro MTF Market on the Luxembourg Stock Exchange WKN A1A LH0 (Convertible Bond 2009) Freiverkehr on the Frankfurt Stock Exchange

    Further inquiry note:

    Ingolf Hegner

    Head of Investor Relations
    +49(0)30-3434-1532
    ihegner@airberlin.com

    Industry: Air Transport
    ISIN: GB00B128C026
    WKN: AB1000
    Index: SDAX, Classic All Share, Prime All Share

    Listed on the following stock exchages:
        Frankfurt / regulated dealing/prime standard
        Berlin / free trade
        Hamburg / free trade
        Stuttgart / free trade
        Dusseldorf / free trade
        Munchen / free trade

SOURCE Air Berlin PLC

Copyright 2009 PR Newswire

Back to News Home

MSN Money

Search MSN Money

Message Boards

Site Status