euro adhoc: Air Berlin PLC
Financial Figures/Balance Sheet
Air Berlin has
Net Earnings of 11 Million Euros in 2007 - Results affected by One-Time Charge
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
2007 results
13.03.2008
Ad hoc Release pursuant to § 15 of the Securities Trading Act (WpHG)
London, 12 March 2008 - According to preliminary results, Air Berlin has net earnings of approximately 11 million Euros for the 2007 financial year. The total revenue for 2007 is 2.54 billion Euros (2006: 1.58 billion Euros), representing an increase of 61 percent. EBITDAR (earnings, before interest, taxes, depreciation, amortization and rent) improved 48% from 256.5 million Euros (2006) to 379.0 million Euros. Operationally, the results for the past financial year were affected by one-time charges in the double digit millions resulting from the delayed LTU integration and issues associated with the technical integration of the IT systems. An EBIT of 21.49 million Euros (2006: 64.15 million Euros) has been realized. The expected compensation from releasing certain reserves could not be realized. Instead of extraordinary income, the release of the reserves is accounted without having effect on the net income. This represents a net earning, after interest and tax, of 11 million Euros (2006: 50.10 million Euros).
Air Berlin will publish more detailed information on its Annual Financial Statements 2007 in the Press Conference and Analysts & Investors Conference on 31 March 2008.
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