Martin Björnström
Medlem
SAS reports positive earnings despite increased price pressure
“SAS reports a positive EBT for the fourth quarter and accumulated for the full year. This was despite intensified competition and weak economic growth in the fourth quarter. As a result of the vigorous measures implemented under the change program, the weaker income trend could be partially offset by lower costs. For the full year, the EBIT margin was 3.3%.
August - October 2013
Revenue: MSEK 11,059 (11,412)
Scandinavian Airlines traffic: up 4.0%
Scandinavian Airlines passenger revenue adjusted for currency: down 0.3%
Income before tax and nonrecurring items: MSEK 546 (809)
EBIT margin: 6.4% (-2.3%)
Income before tax: MSEK 442 (-561)
Net income for the period: MSEK 353 (-574)
Earnings per share: SEK 1.07 (-1.74)
Cash flow from operating activities: MSEK 510 (1,418)
The Board proposes that no dividend be paid for the 2012/2013 fiscal year.
November 2012 - October 2013
Revenue: MSEK 42,182 (42,419)
Scandinavian Airlines traffic: up 3.8%
Scandinavian Airlines passenger revenue adjusted for currency: down 3.4%
Income before tax and nonrecurring items: MSEK 775 (21)
EBIT margin: 3.3% (-1.6%)
Income before tax: MSEK 433 (-3,255)
Net income for the period: MSEK 179 (-3,010)
Earnings per share: SEK 0.54 (-9.15)
Cash flow from operating activities: MSEK 1,028 (1,717)
http://news.cision.com/sas/r/sas-group-year-end-report-november-2012---october-2013,c9514739
“SAS reports a positive EBT for the fourth quarter and accumulated for the full year. This was despite intensified competition and weak economic growth in the fourth quarter. As a result of the vigorous measures implemented under the change program, the weaker income trend could be partially offset by lower costs. For the full year, the EBIT margin was 3.3%.
August - October 2013
Revenue: MSEK 11,059 (11,412)
Scandinavian Airlines traffic: up 4.0%
Scandinavian Airlines passenger revenue adjusted for currency: down 0.3%
Income before tax and nonrecurring items: MSEK 546 (809)
EBIT margin: 6.4% (-2.3%)
Income before tax: MSEK 442 (-561)
Net income for the period: MSEK 353 (-574)
Earnings per share: SEK 1.07 (-1.74)
Cash flow from operating activities: MSEK 510 (1,418)
The Board proposes that no dividend be paid for the 2012/2013 fiscal year.
November 2012 - October 2013
Revenue: MSEK 42,182 (42,419)
Scandinavian Airlines traffic: up 3.8%
Scandinavian Airlines passenger revenue adjusted for currency: down 3.4%
Income before tax and nonrecurring items: MSEK 775 (21)
EBIT margin: 3.3% (-1.6%)
Income before tax: MSEK 433 (-3,255)
Net income for the period: MSEK 179 (-3,010)
Earnings per share: SEK 0.54 (-9.15)
Cash flow from operating activities: MSEK 1,028 (1,717)
http://news.cision.com/sas/r/sas-group-year-end-report-november-2012---october-2013,c9514739