SkyEurope Holding

EANS-Adhoc: SkyEurope Holding
Publication of Annual Financial Statements for the Fiscal Year ended 30 September 2008
Adverse Opinion
Receipt of Expression of Interest from Potential Investor.

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annual report


SkyEurope Holding AG announces the publication of its audited Annual Financial Statements for the year ended 30 September 2008. The audit report issued by KPMG Austria GmbH Wirtschaftsprüfungs- und Steuerberatungsgesellschaft, the company´s auditors, contains an adverse opinion due to the auditors' disagreement with the management´s going concern assumption in preparing the annual financial statements in accordance with International Financial Reporting Standards (IFRS). According to the audit opinion, the annual financial statements should not have been prepared under the going concern assumption and, thus, fail to give an accurate picture of the group´s assets and its financial position. Management believes that the going concern assumption is appropriate given the continuing business operations since the 30 September 2008 financial year end and investor interest in the company.

SkyEurope Holding AG also announces that it has received an expression of interest from a potential investor and is in negotiations regarding a potential equity investment in the company. Such an investment would provide additional liquidity.

The full report is available on the company homepage under "investor relations". financial-reports.aspx

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ots Originaltext: SkyEurope Holding
Im Internet recherchierbar:

Further inquiry note:
SkyEurope Holding AG
Nick Manoudakis
Chief Financial Officer
Tel +421 2 4850 1332

Branche: Air Transport
ISIN:      AT0000497003
WKN:        A0F5WU
Index:    WBI, Standard Market Continous
Börsen:  Wien / official market

Weitere Meldungen: SkyEurope Holding

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