airberlin share, XETRA: 0.03 EUR, 04/07/18, 07:15 am
10:32 am (CEST), 28 April 2017

For financial year 2016, Air Berlin realised group revenue of EUR 3.79 billion and an operating result of EUR -667.1 million.

Disclosure of inside information according Article 17 of Regulation (EU) No 596/2014 (Market Abuse Regulation, MAR)

London, 28 April 2017 – Air Berlin has realised group revenue of EUR 3.79 billion for financial year 2016 (financial year 2015: EUR 4.08 billion). The operating result (EBIT) amounted to EUR -667.1 million (including one-off impairment charges and restructuring costs in the total amount of EUR 334.8 million) compared to EUR -307.0 million in financial year 2015. EBITDAR amounted to EUR 90.6 million in financial year 2016 (financial year 2015: EUR 358.9 million) and EBITDA to EUR -581.2 million (financial year 2015: EUR -260.9 million).

Operating expenses increased from EUR 4.44 billion in financial year 2015 to EUR 4.46 billion in financial year 2016. The net financing cost (financial result) reached EUR -141.0 million after EUR -120.5 million in financial year 2015. The result before tax in financial year 2016 amounted to EUR -806.9 million (including one-off impairment charges and restructuring costs in the total amount of EUR 334.8 million) (financial year 2015: EUR -430.7 million). The result for the period (net financial result) for financial year 2016 amounted to EUR -781.9 million (financial year 2015: EUR -446.6 million). Earnings per share based on an annual average of 116,800,508 shares outstanding thus amounted to EUR -6.93 compared to EUR -4.04 in financial year 2015 (undiluted and diluted).

As of 31 December 2016, Air Berlin’s consolidated total assets amounted to EUR 1,382.6 million (financial year 2015: EUR 1,418.4 million), its total equity to EUR -1,470.2 million (financial year 2015: EUR -799.4 million), its cash and cash equivalents position to EUR 220.3 million (financial year 2015: EUR 165.2 million) and its net debt to EUR 1,175.5 million (financial year 2015: EUR 877.9 million). As at 31 December 2016, the equity attributable to the shareholders of Air Berlin PLC amounted to EUR -685.8 million (financial year 2015: EUR 16.6 million).

Air Berlin will publish the annual financial statements as of 31 December 2016 online at ir.airberlin.com by the end of 2 May 2017.

Financial results of Air Berlin for the first quarter of 2017

Air Berlin has generated group revenue of EUR 649.6 million in the first quarter of 2017 compared to EUR 737.1 million in the first quarter of 2016. The operating result (EBIT) amounted to EUR -272.3 million in the first quarter of 2017 compared to EUR -172.2 million in the first quarter of 2016. Compared to the first quarter of 2016, EBITDAR decreased from EUR 7.7 million to EUR -93.8 million. The net financing cost (financial result) amounted to EUR -12.6 million in the first quarter of 2017 compared to EUR -9.8 million in the first quarter of 2016.

The result before tax in the first quarter of 2017 amounted to EUR -284.4 million compared to EUR -180.2 million in the first quarter of 2016. The result for the period in the first quarter of 2017 amounted to EUR -293.3 million compared to EUR -182.3 million in the first quarter of 2016. Earnings per share based on an average number of 116,800,508 ordinary shares outstanding in the first quarter of 2017 thus amounted to EUR -2.57 compared with EUR -1.62 in the first quarter of 2016 (undiluted and diluted).

As of 31 March 2017, total assets amounted to EUR 1,391.4 million (31 December 2016: EUR 1,382.6 million), total equity amounted to EUR -1,781.2 million (31 December 2016: EUR -1,470.2 million).

Air Berlin will publish detailed information on the first quarter results 2017 as well as the corresponding quarterly statement online at ir.airberlin.com by the end of 19 May 2017.

EBIT is defined as earnings before net financing costs and tax. EBITDA is defined as earnings before net financing costs, taxes, depreciation and amortization. EBITDAR is defined as earnings before net financing costs, taxes, depreciation, amortization and expenses for operating leases for aircraft and equipment. Net debt is defined as current and non-current interest-bearing liabilities less cash and cash equivalents.

 

Person making the notification:
Friedrich Floto, Senior Vice President Group Finance & Investor Relations
Email: ir@airberlin.com

 

Air Berlin PLC c/o Browne Jacobson LLP, 6 Bevis Marks, Bury Court, London, EC3A 7BA, United Kingdom; ISIN GB00B128C026, WKN AB1000 (Share), Frankfurt Stock Exchange (Regulated Market, Prime Standard); ISIN DE000A0NQ9H6 (Convertible Bonds 2007), Euro MTF market of the Luxembourg Stock Exchange; ISIN DE000AB100B4 (Bond April 2011 and January 2014), Bondm segment of the open market of the Stuttgart Stock Exchange and Euro MTF market of the Luxembourg Stock Exchange; ISIN DE000A1HGM38 (Convertible Bonds 2013), Open Market Frankfurt Stock Exchange; ISIN XS1051719786 (EUR Bond May 2014), Euro MTF market of the Luxembourg Stock Exchange; ISIN XS1051723895 (CHF Bond May 2014), SIX Swiss Exchange and Euro MTF market of the Luxembourg Stock Exchange; ISIN DE000A19DMC0 (Convertible Bonds 2017), Open Market Frankfurt Stock Exchange.

IR Contact

Investor Relations

ir@airberlin.com