Full year results analyst and investor presentation. Tuesday 17 November 2015

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Full year results analyst and investor presentation. Tuesday 17 November 2015"

Transcription

1 Full year results analyst and investor presentation Tuesday 17 November 2015

2 Introduction Carolyn McCall Chief Executive Officer

3 easyjet strategy delivers record results Profit before tax has increased for the fifth consecutive year Passengers + 6.0% 69 million Revenue + 3.5% 4,686m Profit before tax % 686m PBT margin +1.8ppts 14.6% EPS % 139.1p Operating cash flow % 895m DPS % 55.2p ROCE + 1.7ppt 22.2% TSR +28% 3 3

4 Financial review Andrew Findlay Chief Financial Officer

5 Strong financial performance FY 2015 m FY 2014 m Change % Change CC Total revenue 4,686 4, % 6.5% Fuel (1,199) (1,251) 4.2% 4.6% Costs excluding fuel (2,801) (2,695) (3.9%) (8.7%) Profit before tax % 20.2% Profit before tax margin 14.6% 12.8% 1.8ppt EBITDAR % 16.7% EBITDAR margin 20.0% 18.2% 1.8ppt Earnings per share % Dividend per share % Return on capital employed 22.2% 20.5% 1.7ppt 5 5

6 Profit before tax increased 18% Profit/(loss) bridge (38) 750 (68) FY 2014 Fuel Revenue Crew Other Costs FY 2015 resilience, de-icing and disruption Fx FY CC 6 6

7 Revenue performance m FY 2015 FY 2014 Change Passengers (m) % Load factor (%) 91.5% 90.6% +0.9ppt Seats flown (m) % Average sector length (km) 1,118 1, % Total revenue - reported ( m) 4,686 4, % Total revenue - constant currency ( m) 4,821 4, % Total revenue per seat - reported ( ) (1.3%) Total revenue per seat - constant currency ( ) % RPS growth at constant currency easyjet capacity growth 3.7% 2.9% 4.3% 4.7% 3.2% 7.0% 1.4% 1.5% 4.9% Q1 Q2 Q3 Q4 FY -2.8% 7 7

8 A strong focus on costs Total cost per seat bridge Cost per seat ex-fuel: -0.9% Cost per seat constant currency: +3.6% FY 2014 Regulated De-icing and Eurocontrol Other Before A320 mix Crew Load factor FY 2014 Net other airports disruption settlement inflation management resilience engine deal cost savings inflation Footer box on intersect of lines action line h= and v=8.75 with font 10pt Arial not bold Before movement in fuel and FX Fuel FX FY 2015 External factors Management action 8 8

9 Impact of fuel & currency FY 2015 fuel impact favourable / (adverse) FY 2015 FY 2014 Fuel $ per metric tonne Market rate Effective price US dollar rate Market rate Effective price Actual cost of fuel per metric tonne Change B/(W) (12 cents) (1 cent) 61 FY 2015 currency impact favourable / (adverse) EUR CH F USD Other Total m Revenue (131) (1) 4 (7) (135) Fuel 0 0 (6) 0 (6) Costs excluding fuel 127 (3) Total (4) (4) 3 (7) (12) 9 9

10 Strong cash generation underpins dividend policy and fleet growth * 435* Net cash Sep 2014 Operating profit Depn Footer & box on Net intersect of Tax lines line CAPEX h= and Own v=8.75 Restricted with font 10pt Arial FX not bold Other amort working shares cash capital Net cash before dividend Dividend paid Net cash Sep 2015 *Includes money market deposits but excludes restricted cash 10 10

11 Strong balance sheet m FY 2015 FY 2014 Goodwill and other intangible assets Property, plant and equipment 2,877 2,542 Derivative fiancial instruments (297) (21) Other assets Other liabilities (excluding debt) * (1,606) (1,637) Capital employed 1,814 1,750 Cash and money market deposits Debt (504) (563) Net cash Net assets 2,249 2,172 Gearing ** 14% 17% * Other liabilities (excluding debt) includes unearned revenue of 619m (FY 2014 : 572m). ** Gearing is defined as (debt + 7 x annual lease payments cash) divided by (shareholders equity + debt + 7 x annual lease 11 payments cash) 11

12 Future capital investment FY15 FY16 FY17 FY Additional aircraft 55% 58% 73% 53% 37% Replacement aircraft 18% 14% 4% 29% 43% Maintenance 27% 28% 23% 18% 20% Total 100% 100% 100% 100% 100% Total expected fleet acquisition and overhaul expenditure as a % of easyjet revenue 11% 11% 13% 17% 12% Fleet acquisition and overhauls will be funded through a combination of debt, easyjet s strong cash flow and sale and leaseback transactions 2015, based on actual revenue for the 2015 Financial Year Future years based on estimated revenue 12 12

13 Debt repayment profile Total debt: 504 million m m 74m 60m 54m 46m 0 FY16 FY17 FY18 FY19 FY20 FY

14 Outlook Capacity (seats flown) H1 c.+8.0% (before disruption ) FY c.+7% (before disruption) Revenue per seat (constant currency) H1: Slight decline (assuming normal levels of disruption and constant load factors) Cost per seat including Fuel (constant currency) FY c.-1% (assuming normal levels of disruption and constant load factors) Cost per seat ex fuel (constant currency) FY c.+2% (assuming normal levels of disruption and constant load factors) Weighted towards first half FX H1: c. 15 million adverse movement from foreign exchange rates FY: c. 40 million adverse movement from foreign exchange rates Fuel H1: unit fuel costs 75 million to 85 million favourable FY: unit fuel costs 140 million to 160 million favourable Rates at 13 November 2015 /USD: 1.522; /EUR: Unit fuel guidance based on Jet fuel trading range of $450 / metric tonne to $550 / metric tonne 14 14

15 Initial thoughts and areas of focus Initial Thoughts: Great people with passion and commitment to the business An enviable customer proposition A strategy that continues to deliver sustainable shareholder returns Significant opportunities for growth Areas of focus for me: Reinforce our cost focus Review of capital structure to balance risk and efficiency whilst maximising returns 15 15

16 Business Review Carolyn McCall Chief Executive Officer

17 Continuing to win easyjet has delivered another record performance in 2015 Delivering through the cycle favourable trends will support strong demand for easyjet Future growth and returns drivers Network offers significant opportunity Best customer proposition and sector-leading digital offering Operational excellence to deliver stable margins Capital discipline and strong financial footing Delivering sustainable shareholder returns 17 17

18 Real GDP Growth YoY (%) Consumer Confidence Index, standardised Favourable economic trends Positive outlook across key markets Recovery in consumer confidence UK France Spain Italy Switzerland Germany (0.5) (1.0) (1.5) (2.0) (2.5) 2000A 2002A 2004A 2006A 2008A 2010A 2012A 2014A 2016E UK France Spain Italy Switzerland Germany Business model outperforms through the cycle Source: IMF, Euromonitor, Capital IQ, Bloomberg as at 07-Oct

19 2015 outperformance in a competitive market FY15 easyjet constant currency RASK vs median Sector RASK, year on year change % rev. change Market capacity growth (%) Q1 Q2 Q3 Q4 Sector RASK growth easyjet Market capacity increase/(decrease) Note: RASK at constant currency. Sector median RASK includes IAG, LHA, AF-KLM, Ryanair & Norwegian. Note that Ryanair and Norwegian do not report constant currency, therefore reported data used 19 19

20 Exciting initiatives underway Embedded (with more to chase) Launch in FY2016 Launch in FY2017 Revenue - Business passenger - Base openings (Amsterdam, Naples) - Base in Venice - New leading edge website - New call centre online - Flight Club launch - New base openings - Continue RMS and Network optimisation development Cost - AJW maintenance agreement - Gatwick long term deal - CFM engine deal - New crew portal - New components supplier - New maintenance hanger - Gatwick consolidation - ADP passenger charges - 1st 186 seat A320-1st A320 NEO delivered Both - Oporto base opening - Mobile platform - Rome base closure - Barcelona base opening - Begin retrofit of extra 6 seats - Leading edge commercial platform - Based on easyjet financial year, October to September 20 20

21 easyjet operates in the right airports and markets Best Network - Number 1 or 2 position in the primary airport in 12 of Europe s top 25 catchment areas by GDP 1 easyjet network 1) Catchment areas defined as population living within 50km of airports within the market and ranked according to GDP for that area; 2) Rank of short haul capacity for the 12 months to September 2015; 3) Manchester catchment includes Liverpool airport; 4) Dusseldorf catchment includes Cologne, Dortmund, Friedrichshafen, Nuremburg and 21 Paderborn; 5) Zurich catchment includes Basel 21

22 Seats No 1 European network Positions built over time Strong share at key airports Best Network +38% +34% +14% easyjet has grown capacity by over 7m seats with a CAGR of c.5% at our top 10 airports over the past 5 years % growth in seats % LGW GVA MXP LTN SXF CDG AMS BSL BFS BRS 2011 easyjet Capacity 2015 easyjet Capacity Other +23% +4% +32% +68% No.1 & 2 positions drive returns easyjet No.1 +23% +10% Airport Market Share 1 easyjet No.2 Based aircraft Touching aircraft LGW 48% GVA 40% MXP 47% LTN 41% SXF 58% 9 15 CDG 11% 9 14 AMS 11% 3 14 BSL 54% 9 13 BFS 84% 5 13 EDI 28% easyjet capacity as a % of total short haul capacity at airport % of easyjet capacity currently holding a No.1, No.2 or other market share position Source: OAG 22 22

23 Returns Profitably growing our network Best Network easyjet capacity growth Market capacity growth ROCE % 1.3% 17.4% % 4.3% 20.5% 12% ROCE % 5.4% 22.2% Routes CPBH FY13 CPBH FY14 CPBH FY15 Improving returns in all market conditions 23 23

24 CPBH [ /BH] Seats [Millions] CPBH ( /BH) CPBH [ /BH] Seats [Millions] Profitably deepening our network Best Network Increasing share drives higher returns 1 Adding frequency increases contribution 2 Progression of returns with increased share over time (base illustration) ,000 3,500 3,000 2,500 2,000 1,500 1, ,000 4,000 Route A Route B 3,000 2,000 1,000 Market share (%) Seats (right axis) CPBH Increasing share and frequencies delivers higher returns 1. Based on performance of 2 easyjet bases through Based on the performance of 2 easyjet routes 24 24

25 We make rational capital allocation decisions Best Network Madrid Rome MXP 8 NAP 8 Madrid-based aircraft were moved to other bases Delivered an incremental network contribution of c. 25m We expect a similar outcome from reallocating the aircraft based in Rome FCO easyjet disciplined allocation of capital delivers higher returns 25 25

26 Much more to go for Best Network Portugal 13% Significant number of low risk opportunities to pursue 87% Number of aircraft Range of easyjet FY20 fleet size Netherlands 9% 91% Germany 4% 96% Italy 12% 88% 200 Switzerland 23% 77% France 14% 86% 50 3 UK 20% Market share 80% 0 Current easyjet fleet Route churn Natural market growth Invest in existing network Growth opps FY20 easyjet opportunity Minimum easyjet fleet easyjet case FY20 Maximum easyjet fleet easyjet share Other airlines (opportunities to grow) - As at 30 September Expected churn FY15 FY20 - Forecast passenger growth on easyjet current markets - Thickening routes - Join the dots - New bases - New network points - New routes 26 26

27 Utilising flexibility to take market opportunities Best Network Extra aircraft allows for greater flexibility in fleet planning New base case seat capacity Old base case seat capacity Contracted Max Base Case 257 Contracted Min 241 Previous Base Case Footer box on intersect 2016 of lines line 2017 h= and v= with font 10pt 2019 Arial not bold % 7.1% 8.7% 7.9% 6.3% 7.9% 6.0% 2.5% 4.9% 7.1% 8.7% 7.5% 5.3% 3.1% 2.1% 2.4% 27 27

28 % Consumer Ave spend by age Average booking value Favourable easyjet customer trends Customer proposition Increasing propensity to spend Customers spending more time online 25,000 20,000 15,000 10,000 5,000 easyjet Ave booking age 2010 easyjet Ave booking age 2015 Consumer Ave spend easyjet Ave booking value % 90% 80% 70% 60% 50% 40% Purchased Something on the Internet the last 12 Months, UK All % easyjet customers have higher propensity to spend Source: BLS, Association of National Advertisers, Barkley, SMG, BCG, Yupe, IPG Media Labs, ONS 28 28

29 Digital Leadership Customer proposition Over 500m visits across platforms in FY15 Value of Mobile YOY Mobile Revenue Global Recognition 83% Best Mobile Travel & Tourism Winner Innovation in direct marketing easyjet Mobile app 14.3m Downloads to date CRM increases customer value 32% Customers in CRM are of Footer box on intersect of lines line h=8.03 increasing 9 and v=8.75 value with to easyjet font 10pt Arial not bold Best Passenger Assistance Initiative Best Airline in Mobile New website launch in

30 Number of seats % from Returning customers Strengthening our customer relationships Customer proposition % seats booked by returning customers Brand consideration New Existing % Existing 80% 68% 69% 70% 72% 73% 74% 75% 70% 65% Value perceptions 60% 30 55% % Growth coming from valuable repeat customers Source: easyjet customer database Source: Millward Brown brand tracker FY15 vs FY13) 30 30

31 Rewarding our loyal customers Customer proposition FLIGHT CLUB Aim to recognise and retain our high frequency and loyal customers Simple and low cost to administer Will continue to encourage customer loyalty Hundreds of thousands of passengers to be part of flight club 31 31

32 Business opportunity continuing to develop Customer proposition TMC GDS sales grew 32% YOY Business fares grew at 58% YOY Average 38% Saving on top Business Routes Increased focus on FTSE/CAC & DAX companies Award winning Business Program Business Sense Marketing Campaign Increase in business passengers of 25% over next 3 years 32 32

33 Leisure leadership Customer proposition Launched almost 60 new leisure routes in 2016 easyjet holidays revenue per seat increased by 144% in summer 2015 easyjet has launched around 60 new leisure routes in the 2016 schedule

34 Mix of fleet (%) 110m opportunity from up-gauging by 2021 Cost Fleet up-gauging easyjet fleet mix Up-gauging delivering CPS savings 13% -14% 100% 90% 80% 70% 60% 50% 39% 3% 44% 33% 19% 8% 53% 18% 51% 24% 26% 26% 47% 46% 45% 71% A320 s 40% 30% 20% 10% 0% 61% 52% 47% 39% 32% 29% 28% 28% FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 A319 A320 A320 '186 A320 NEO Current generation A319 New generation A320neo 156 sets 186 seats 1. At the end of the relevant Financial Year 2. Based on fleet plan base case Maximum fleet does not include the purchase rights 34

35 easyjet lean c. 50 million savings in 2016 Cost Increased pipeline of initiatives easyjet lean continues to deliver and develop significant cost reductions across Maintenance : AJ Walters Airports/Handling: deals, automation, structure of charges Navigation - SESAR Process and efficiency savings enabled by Technology Productivity savings enabled by scale in our bases Short term <1yrs Medium term 2 4 yrs Long term 4yrs> Size of savings per annum (larger circle means bigger saving opportunity) 35 35

36 Operational excellence Cost 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% easyjet network OTP Building increased resilience 1. Network remains robust Gatwick north terminal consolidation 2. Gatwick improving 3. Opportunity for step change in operational excellence at Gatwick airport 36 36

37 What does this mean for our shareholders? Expected passenger growth of 7% - 8% CAGR Stable margins over the cycle Strong EPS growth 40% annual dividend payout 37 37

38 easyjet is a structural winner Europe's best network of primary airports Best customer and digital proposition Constant innovation to drive demand and loyalty Cost discipline, up-gauging will deliver savings of 110 million by 2021 Strong balance sheet 38 38

39 Q & A

40 appendix

41 Fuel and foreign exchange hedging Fuel requirement US dollar requirement Euro surplus CHF surplus Six months ending 31 March 2016 Full year ending 30 September 2016 Full year ending 30 September 2017 Sensitivities FY16 85% at $852 / metric tonne 83% at $830 / metric tonne 60% at $664 / metric tonne 89% at $1.62/ 75% at 1.20/ 69% at CHF1.46/ 81% at $1.63/ 80% at 1.22/ 67% at CHF1.46/ 61% at $1.55/ 54% at 1.33/ 51% at CHF1.43/ $10 per tonne change in fuel price will impact the full year pre-tax result by +/- $3.5 million One cent movement in the /$ will impact the full year pre-tax result by +/- 1.5 million One cent movement in the / will impact the full year pre-tax result by +/- 0.7 million One cent movement in the /CHF will impact the full year pre-tax result by +/- 0.4 million As at 13 November

42 H1 forward bookings H1 bookings in line with prior year % seats sold * 93% 91% Winter '15 Winter '16 49% 49% Oct Nov Dec Jan Feb Mar H1 H1 (October 2015 to March 2016) as at 13 November

43 Profitably growing our business in 2016 Overall c. 8.0% capacity growth over winter United Kingdom c. +9% Netherlands c. +27% France c. +6% Germany c. +7% Spain c. +4% Switzerland c. +8% Portugal c. +21% Italy c. +3% Source : OAG, scheduled data and Internal easyjet projection September Country capacity growth is based on network touching seats

44 Capacity environment H % split by carrier Winter 14/15 Winter 15/16 Other 7.0% 7.8% 7.7% 6.8% 6.8% 7.4% Vueling easyjet BA 5.2% 3.7% Ryanair Capacity change total SH Market easyjet capacity change Competitors on easyjet markets Capacity Change easyjet markets Short-haul market easyjet city to city pairs Source: Market capacity data from OAG scheduled data, as at 6 September2015 easyjet markets based on internal easyjet definition

45 Profit after tax m FY 2015 FY 2014 Change Profit before tax % Tax charge (138) (131) (5.3%) Profit after tax % Effective tax rate 20.1% 22.5% 2.4ppt 45 45

46 Revenue per seat per seat FY 2015 FY 2014 Change Seat revenue (1.4%) Non-seat revenue % Total revenue (1.3%) 46 46

47 Revenue, profit and margin growth in H2 Reported m H H Change Total revenue 2,919 2, % Fuel (683) (714) 4.3% Operating costs (excluding fuel) (1,426) (1,352) (5.5%) EBITDAR % Ownership costs (131) (125) (3.4%) Pre-tax profit % PBT margin 23.3% 22.4% 0.8ppt Seats (m) % Constant currency per seat H H Change Total revenue % Fuel (15.68) (17.64) 11.1% Operating costs (excluding fuel) (34.98) (33.44) (4.6%) EBITDAR % Ownership costs (3.14) (3.11) (1.0%) Pre-tax profit % 47 47

48 Cost per seat excluding fuel - key drivers Cost per seat excluding fuel Variance at constant currency Variance at constant currency % Weighted variance at constant currency Airports and ground handling (0.37) (2.4%) (1.0%) Drivers Regulated airport charges Impact of higher load factor Increase in de-icing costs due to colder weather Offset by savings of new contracts Overhead 5.06 (0.30) (7.3%) (0.7%) Higher disruption costs including FCO fire Crew 6.73 (0.25) (3.8%) (0.7%) Navigation 4.17 (0.22) (5.1%) (0.6%) Pay increase broadly in line with inflation Early recruitment in winter to meet summer demand Inflationary increases Settlement of the historic Eurocontrol dispute Maintenance 3.06 (0.11) (3.8%) (0.3%) One-off benefit of new engine deal in FY 2014 Ownership 3.46 (0.02) (0.4%) (0.0%) Depreciation on new aircraft purchased Offset against decreasing lease costs (1.27) (3.4%) (3.3%) Net Exchange (gains)/losses (0.09) (0.10) 100.0% (0.3%) Effect of movements in foreign exchange rates on Balance sheet revaluation Total CPS excluding fuel (1.37) (3.6%) (3.6%) 48 48

49 Increasing proportion of A320 s FY 2015 FY 2014 Change A319 (operating lease) (5) A319 (owned / finance lease) A319 Total (5) A320 (operating lease) A320 (owned / finance lease) A320 Total Total fleet Operating lease 28% 32% (4ppt) Number unencumbered Percentage of A320s in fleet 39% 32% 7ppt 49 49

50 Currency impact Revenue Costs FY 2015 FY 2014 FY 2015 FY 2014 Sterling 49% 47% 27% 26% Euro 40% 42% 32% 33% US dollar 1% 1% 35% 35% Other (principally Swiss franc) 10% 10% 6% 6% Average effective Euro rate for revenue for H1 15 was 1.24 (H1 14: 1.19) 50 Average effective Euro rate for costs for H1 15 was 1.30 (H1 14: 1.20) 50

51 ROCE calculation including 7x lease adjustment Reported m FY 2015 FY 2014 Earnings before interest and tax reported Interest element of operating lease payments Earnings before interest and tax - adjusted Tax 20% 21% Normalised operating profit after tax (NOPAT) Average shareholders equity reported 2,211 2,095 Average net cash reported (429) (490) Average capitalised leases Average capital employed 2,615 2,396 Return on capital employed 7x basis 22.2% 20.5% 51 51

H1 2016 Analyst & investor presentation. Tuesday 10 May 2016

H1 2016 Analyst & investor presentation. Tuesday 10 May 2016 H1 2016 Analyst & investor presentation Tuesday 10 May 2016 Introduction Carolyn McCall Chief Executive Officer easyjet s resilient model continues to deliver Robust performance despite the impact from

More information

Full Year Results Analyst and Investor Presentation. Tuesday 18 November 2014

Full Year Results Analyst and Investor Presentation. Tuesday 18 November 2014 Full Year Results Analyst and Investor Presentation Tuesday 18 November 2014 Introduction Carolyn McCall Chief Executive Officer PBT / seat Continued execution of the strategy Strong revenue performance

More information

Full Year Results Analyst and Investor Presentation. Tuesday 19 November 2013

Full Year Results Analyst and Investor Presentation. Tuesday 19 November 2013 Full Year Results Analyst and Investor Presentation Tuesday 19 November 2013 Introduction Carolyn McCall Chief Executive Officer Continued strong performance Strong performance 17% ROCE 17.4% Platform

More information

Q1 2016 analyst and investor presentation. Tuesday 26 January 2016

Q1 2016 analyst and investor presentation. Tuesday 26 January 2016 Q1 2016 analyst and investor presentation Tuesday 26 January 2016 Q1 performance Overview 1. Resilient commercial performance Robust demand environment drives strong start to the quarter Impact of Sharm

More information

EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2014

EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2014 27 January 2015 easyjet Trading Statement Page 1 of 7 A. HIGHLIGHTS: EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2014 Drive demand, conversion and yields across Europe Seats flown grew

More information

EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 30 JUNE 2015

EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 30 JUNE 2015 22 July 2015 easyjet Trading Statement Page 1 of 6 A. HIGHLIGHTS: EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 30 JUNE 2015 easyjet performance in the quarter Good commercial performance with revenue

More information

EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2015

EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2015 26 January 2016 easyjet Trading Statement Page 1 of 6 EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2015 Continued robust commercial performance and strong management action on cost delivers

More information

easyjet plc Year to 30 September 2011 Pre-close statement presentation

easyjet plc Year to 30 September 2011 Pre-close statement presentation EZYRIDER\Presentations\20110901 - Mgmt Strategy Presentation\Optimise returns MAIN - 190811 v 42.pptx easyjet plc Year to 30 September 2011 Pre-close statement presentation 1 EZYRIDER\Presentations\20110901

More information

easyjet plc Results for the twelve months ended 30 September 2015 easyjet delivers record profits and returns

easyjet plc Results for the twelve months ended 30 September 2015 easyjet delivers record profits and returns 17 November 2015 easyjet plc Results for the twelve months ended 30 September 2015 easyjet delivers record profits and returns 2015 2014 Change Total revenue ( million) 4,686 4,527 3.5 % Profit before

More information

Full year results Analyst & Investor presentation Tuesday 15 15 November November 2011 1 1

Full year results Analyst & Investor presentation Tuesday 15 15 November November 2011 1 1 Full year results Analyst & Investor presentation Tuesday 15 November 2011 1 1 Introduction Carolyn McCall Chief Executive 2 Agenda 1. Review of F 11 2. Financial review 3. Looking forward 3 Operational

More information

easyjet plc Results for the six months ended 31 March 2015

easyjet plc Results for the six months ended 31 March 2015 12 May 2015 easyjet plc Results for the six months ended 31 March 2015 Proven strategy delivers profitable first half result 2015 2014 Change Total revenue ( million) 1,767 1,702 3.8 % Profit / (loss)

More information

2007 Interim Results. 09 May 2007

2007 Interim Results. 09 May 2007 2007 Interim Results 09 May 2007 1 Highlights Margin improved by 4.0pp as loss before tax reduced from 40m to 17m Total revenue grew by 14% to 719m Passenger revenues up 0.8% or 0.26 to 31.70 per seat

More information

Strong performance driven by firm control of costs, the strength of the easyjet network and focus on customers

Strong performance driven by firm control of costs, the strength of the easyjet network and focus on customers 15 November 2011 easyjet plc Results for the year ended 30 September 2011 Strong performance driven by firm control of costs, the strength of the easyjet network and focus on customers Results at a glance

More information

Making a strong business stronger. 18 June 2013

Making a strong business stronger. 18 June 2013 Making a strong business stronger 18 June 2013 1 Introduction John Barton Chairman 2 2 Fleet order Carolyn McCall Chief Executive Officer 3 3 Continuation of strategy to drive growth and returns Leverage

More information

The company increased its revenues by 8.4% to reach 863 million Euros in 2011. The operating profit (EBIT) amounted to 11.4 million Euros.

The company increased its revenues by 8.4% to reach 863 million Euros in 2011. The operating profit (EBIT) amounted to 11.4 million Euros. 2011 results Vueling achieves a net profit of 10.4 million Euros in 2011, despite the increase in fuel prices The company increased its revenues by 8.4% to reach 863 million Euros in 2011. The operating

More information

Results for the six months ended 31 March 2010. easyjet performance continues to strengthen

Results for the six months ended 31 March 2010. easyjet performance continues to strengthen Results for the six months ended 31 March 2010 easyjet plc easyjet performance continues to strengthen Results at a glance 2010 2009 Change Total revenue ( million) 1,170.7 1,032.8 13.3 % Loss before tax

More information

Analysts and Investors conference call Q3 2013 results. 14 November 2013

Analysts and Investors conference call Q3 2013 results. 14 November 2013 Analysts and Investors conference call Q3 2013 results 14 November 2013 Management summary Key highlights in Q3 2013 Topline development was satisfactory: Capacity is down by 5.8% (seats) and 3.9% (ASK)

More information

March 2015 Debt Investor Update

March 2015 Debt Investor Update March 2015 Debt Investor Update E u r o p e s O n l y U l t r a L o w C o s t C a r r i e r Proven, resilient business model Europe s lowest fares/lowest unit costs Europe s No 1, Traffic Europe s No 1,

More information

easyjet plc Results for the six months ended 31 March 2016

easyjet plc Results for the six months ended 31 March 2016 10 May 2016 easyjet plc Results for the six months ended 31 March 2016 Resilient business model delivers robust performance and increased dividend payout Resilient performance easyjet delivered a robust

More information

Norwegian Air Shuttle ASA

Norwegian Air Shuttle ASA Norwegian Air Shuttle ASA Q4 2015 Presentation 11 February 2016 Highlights Launched routes in Q4 to the Caribbean (Puerto Rico, St Croix, Martinique, Guadeloupe) and domestic Spain. New base in Italy in

More information

19 November 2013 easyjet plc Results for the year ended 30 September 2013. 51% rise in full year profits; 17.4% return on capital employed

19 November 2013 easyjet plc Results for the year ended 30 September 2013. 51% rise in full year profits; 17.4% return on capital employed 19 November 2013 easyjet plc Results for the year ended 30 September 2013 51% rise in full year profits; 17.4% return on capital employed 2013 2012 Change Total revenue ( million) 4,258 3,854 +10.5% Profit

More information

RYANAIR DELIVERS RECORD Q3 PROFITS, TRAFFIC GROWS BY 54%, PROFITS RISE BY 10%

RYANAIR DELIVERS RECORD Q3 PROFITS, TRAFFIC GROWS BY 54%, PROFITS RISE BY 10% RYANAIR DELIVERS RECORD Q3 PROFITS, TRAFFIC GROWS BY 54%, PROFITS RISE BY 10% Ryanair, Europe s No.1 low fares airline today (Wed 28 Jan 2004) released financial results for the quarter ended 31 Dec 03

More information

Making travel easy and affordable

Making travel easy and affordable Making travel easy and affordable Annual report and accounts 2014 See all of the investor information online at http://corporate.easyjet.com/ investors Strategic report Our business model 2 easyjet at

More information

Flybe - 2012/13 Half-year Results. Analyst and Investor Presentation

Flybe - 2012/13 Half-year Results. Analyst and Investor Presentation Flybe - 2012/13 Half-year Results Analyst and Investor Presentation 8 November 2012 Agenda 2 Introduction Jim French, Chairman & CEO Financial Review Strategy Strategic Update Review & Business Review

More information

Driving returns and profitable growth in European aviation. 10 September 2013

Driving returns and profitable growth in European aviation. 10 September 2013 Driving returns and profitable growth in European aviation 10 September 2013 1 Agenda Introduction Build No.1 and No.2 network positions Maintain cost advantage Drive demand, conversion and yield Capital

More information

Aegean Airlines Nine Month 2008 Results. Analysts Conference Call November 12, 2008

Aegean Airlines Nine Month 2008 Results. Analysts Conference Call November 12, 2008 Aegean Airlines Nine Month 2008 Results Analysts Conference Call November 12, 2008 Key Highlights Turnover increased 26% to 468.2m from 370.5m Total passengers served reached 4.6m, +13% above 2007 (+23%

More information

IAG results presentation. Quarter Four 2014 27 th February 2015

IAG results presentation. Quarter Four 2014 27 th February 2015 IAG results presentation Quarter Four 2014 27 th February 2015 2014 full year financial summary OPERATING PROFIT 1,249m (pre-vueling, pre-exceptional items) 1,390m (reported, pre-exceptional items) + 620m

More information

Photo: Bjørn Morgan / August 2014

Photo: Bjørn Morgan / August 2014 Norwegian Air Shuttle ASA Q3 2014 Presentation Photo: Bjørn Morgan / August 2014 Double digit revenue growth in Q3 driven by International Group revenues of MNOK 6,337 in Q3 2014 +30 % 6 000 5 000 4 000

More information

NORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT THIRD QUARTER 2005 [This document is a translation from the original Norwegian version]

NORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT THIRD QUARTER 2005 [This document is a translation from the original Norwegian version] NORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT THIRD QUARTER 2005 THIRD QUARTER IN BRIEF The operating revenue has increased by 78 % to MNOK 589,9 compared to MNOK 331,7 in the same period last year. The total

More information

Agenda. Update on Transform 2015. 2012: first effects of plan. Reinforcement of our competitive advantages. Conclusions. Information meeting

Agenda. Update on Transform 2015. 2012: first effects of plan. Reinforcement of our competitive advantages. Conclusions. Information meeting Agenda Update on Transform 2015 2012: first effects of plan Reinforcement of our competitive advantages Conclusions 2 Transform 2015 Transform 2015: Levers and objectives 1 2 Limited capacity growth Investment

More information

Q4 2014 Highlights. 22% revenue growth y.o.y. Unit cost (CASK) increased by 3% y.o.y to NOK 0.43. NOK 0.5 bn loss related to hedges for 2015

Q4 2014 Highlights. 22% revenue growth y.o.y. Unit cost (CASK) increased by 3% y.o.y to NOK 0.43. NOK 0.5 bn loss related to hedges for 2015 Norwegian Air Shuttle ASA Q4 2014 Presentation Q4 2014 Highlights 22% revenue growth y.o.y Driven by long-haul expansion Received three new 737-800 s in Q4 replacing older aircraft 45% growth in ancillary

More information

STRATEGIC REPORT GOVERNANCE ACCOUNTS & OTHER INFORMATION. See all of the investor information online at http://corporate. easyjet.

STRATEGIC REPORT GOVERNANCE ACCOUNTS & OTHER INFORMATION. See all of the investor information online at http://corporate. easyjet. Annual report and accounts 2013 STRATEGIC REPORT Our business model 2 easyjet at a glance 4 Our journey so far 6 Chairman s statement 8 Chief Executive s review 9 Financial performance 9 Market overview

More information

Analysts and Investors conference call Q2 2014 results 21 August 2014

Analysts and Investors conference call Q2 2014 results 21 August 2014 Analysts and Investors conference call Q2 2014 results 21 August 2014 DISCLAIMER This presentation has been prepared by Air Berlin PLC. No representation, warranty or undertaking, express or implied, is

More information

Finnair Q1 result info

Finnair Q1 result info Finnair Q1 result info 7 May 2014 CEO Pekka Vauramo CFO Erno Hildén 1 Updated mission and strategic targets 2 Our Mission Offer the smoothest connections in the northern hemisphere via Helsinki, and the

More information

RECORD PRE-TAX PROFIT UP 56% TO 202 MILLION

RECORD PRE-TAX PROFIT UP 56% TO 202 MILLION easyjet plc Preliminary results for the 12 months to 30 September 2007 20 November 2007 RECORD PRE-TAX PROFIT UP 56% TO 202 MILLION Record pre-tax profit of 201.9m, including a 10.6m one-off benefit of

More information

Company Presentation. June 2007

Company Presentation. June 2007 Company Presentation June 2007 Forward Looking Statements FORWARD LOOKING STATEMENTS Except for historical information, the statements made or information contained in this presentation are forward-looking

More information

WE ARE. SHOWROOMPRIVE.com FY2015 RESULTS February, 16 th 2016

WE ARE. SHOWROOMPRIVE.com FY2015 RESULTS February, 16 th 2016 WE ARE SHOWROOMPRIVE.com FY2015 RESULTS February, 16 th 2016 I BUSINESS UPDATE AND 2015 RESULTS HIGHLIGHTS 2015: A YEAR FULL OF ACHIEVEMENTS A STRONG AND PROFITABLE GROWTH 443m net sales and 24m EBITDA

More information

Aegean Airlines 2007 Review & Business Outlook. Analysts Conference Call February 20, 2008

Aegean Airlines 2007 Review & Business Outlook. Analysts Conference Call February 20, 2008 Aegean Airlines 2007 Review & Business Outlook Analysts Conference Call February 20, 2008 Agenda 2007 Review Business Outlook Key highlights Domestic network International network Activity Our fleet Financials

More information

FINANCIAL YEAR 2011. NINE MONTHS (APRIL-DECEMBER 2011) Revenues up 4.1% to19.04 billion euros Positive operating result of 50 million euros

FINANCIAL YEAR 2011. NINE MONTHS (APRIL-DECEMBER 2011) Revenues up 4.1% to19.04 billion euros Positive operating result of 50 million euros March 8 th, 2012 FINANCIAL YEAR 2011 2011: A TOUGH YEAR Economic environment and geopolitical crises weigh on activity Insufficient level of unit revenues to absorb higher fuel bill Revenues up 4.5% to

More information

A day in the life of an aircraft operator

A day in the life of an aircraft operator A day in the life of an aircraft operator NETWORK MANAGER USER FORUM 2014 MARTIN SEDLÁČEK SENIOR FLIGHT PLANNER Established in 1995, HQ in London Luton 2 Air Operator Certificates - UK/EZY + Switzerland/EZS

More information

NORWEGIAN AIR SHUTTLE ASA

NORWEGIAN AIR SHUTTLE ASA NORWEGIAN AIR SHUTTLE ASA FIRST QUARTER REPORT 2013 HIGHLIGHTS First quarter revenue up by 23% to MNOK 2,904 (2,360). RASK up 2% to 0.39, where yield was up 4% to 0.51 and load factor was down 1% to 76%.

More information

First Quarter Results for the three months ended 31 December 2014 Thomas Cook reports further progress in line with expectations

First Quarter Results for the three months ended 31 December 2014 Thomas Cook reports further progress in line with expectations 11 February 2015 Financial highlights First Quarter Results for the three months ended 31 December 2014 Thomas Cook reports further progress in line with expectations Like-for-like Revenue increased by

More information

Analysts and Investors conference call Q1 2014 results 15 May 2014

Analysts and Investors conference call Q1 2014 results 15 May 2014 Analysts and Investors conference call Q1 2014 results 15 May 2014 DISCLAIMER This presentation has been prepared by Air Berlin PLC. No representation, warranty or undertaking, express or implied, is made

More information

Agenda. Conclusion of Transform 2015. Key Perform 2020 initiatives. Perform 2020 financial framework. Information meeting

Agenda. Conclusion of Transform 2015. Key Perform 2020 initiatives. Perform 2020 financial framework. Information meeting Information meeting Agenda Conclusion of Transform 2015 Key Perform 2020 initiatives Perform 2020 financial framework 2 Transform 2015: first phase of group turnaround accomplished Strict capacity discipline

More information

Fleet and funding strategy Solid foundation for growth

Fleet and funding strategy Solid foundation for growth Fleet and funding strategy Solid foundation for growth Erno Hildén, CFO Finnair Capital Markets Day, 22 May 2014 1 Disclaimer This document includes forward-looking statements. These forward-looking statements

More information

Adecco returns to growth in October

Adecco returns to growth in October Adecco returns to growth in October Improving revenue trends and strong profitability in Q3 2013 Q3 2013 HIGHLIGHTS Revenues flat in constant currency Gross margin of 18.7%, up 80 bps SG&A down 2% in constant

More information

Deutsche Bank. Andean Region Conference. London, May, 2016

Deutsche Bank. Andean Region Conference. London, May, 2016 Deutsche Bank Andean Region Conference London, May, 2016 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating results.

More information

UNAUDITED CONDENSED CONSOLIDATED INCOME STATEMENT

UNAUDITED CONDENSED CONSOLIDATED INCOME STATEMENT ANNOUNCEMENT The Board of Directors of AirAsia Berhad ( AirAsia or the Company ) is pleased to announce the following unaudited consolidated results of AirAsia and its subsidiaries (collectively known

More information

Finnair Q3 Result 2012. 26 October 2012

Finnair Q3 Result 2012. 26 October 2012 Finnair Q3 Result 2012 26 October 2012 1 Content Market environment in Q3 Business performance and strategy execution Outlook Financials 2 Finnair Q3 Result, 26 October 2012 Market Environment The global

More information

Full Year 2014 Results

Full Year 2014 Results 19 February 2015 Results FULL YEAR Revenues of 24.9 billion euros, stable (+0.3%) like-for-like 1 EBITDA 2 of 1,589 million euros, down 266 million euros EBITDA of 2,014 million euros excluding the impact

More information

SAS Q1 2015/2016 TELECONFERENCE

SAS Q1 2015/2016 TELECONFERENCE SAS Q1 2015/2016 TELECONFERENCE 08.03.2016 Significantly improved earnings in Q1 Financials EBT improved MSEK 527 Passenger up 1% currency adjusted Jet fuel costs down SEK 0.8 billion Market Intensified

More information

Chief Financial Officer s report

Chief Financial Officer s report 12 / British Airways 2008/09 Annual Report and Accounts Chief Financial Officer s report Last year we said that record profitability had put us in a good position to weather economic slowdown. That has

More information

2015 Annual Results 26 August 2015 Christopher Luxon CEO Rob McDonald CFO

2015 Annual Results 26 August 2015 Christopher Luxon CEO Rob McDonald CFO 2015 Annual Results 26 August 2015 Christopher Luxon CEO Rob McDonald CFO 1 The year in review Another year of earnings growth: Normalised earnings* before taxation $496 million, up 49.4% Statutory net

More information

RYANAIR Q1 REVENUES GROW 11%, TRAFFIC GROWS 6% TO 22.5M PROFIT S DECLINE 29% TO 99M - FULL YEAR GUIDANCE UNCHANGED.

RYANAIR Q1 REVENUES GROW 11%, TRAFFIC GROWS 6% TO 22.5M PROFIT S DECLINE 29% TO 99M - FULL YEAR GUIDANCE UNCHANGED. On June 19 th Ryanair announced an all cash offer for Aer Lingus at 1.30 per share. Ryanair believes that its offer, if approved by the EU Commission, will be good for Aer Lingus traffic growth, jobs and

More information

Information meeting. Cheuvreux Conference September 2010. Philippe Calavia CFO, Air France-KLM

Information meeting. Cheuvreux Conference September 2010. Philippe Calavia CFO, Air France-KLM Information meeting Cheuvreux Conference September 2010 Philippe Calavia CFO, Air France-KLM Air transportation: a growth industry CAGR 2001-11 GDP: +2.7% World Passenger traffic: +5.0% World cargo traffic:

More information

MMS Group FY15 Results Presentation. August 2015

MMS Group FY15 Results Presentation. August 2015 August 2015 Group Overview 2 Overview MMS generated a record financial result in FY15 o EBITDA up 20%, NPAT up 23%, EPS up 18% MMS has entered a new stage in its evolution o Step change in scale, competitiveness

More information

APPENDIX 4E ANNUAL REPORT THORN GROUP LIMITED ACN 072 507 147 YEAR ENDED 31 MARCH 2015. Page 1 of 7

APPENDIX 4E ANNUAL REPORT THORN GROUP LIMITED ACN 072 507 147 YEAR ENDED 31 MARCH 2015. Page 1 of 7 APPENDIX 4E ANNUAL REPORT THORN GROUP LIMITED ACN 072 507 147 YEAR ENDED 31 MARCH 2015 1 Details of the reporting period and the previous corresponding period Current period: 1 April 2014 to 31 March 2015

More information

-9% Interim report Q22013. Norwegian Air Shuttle ASA second quarter and first half. Unit cost: Unit cost NOK 0.42

-9% Interim report Q22013. Norwegian Air Shuttle ASA second quarter and first half. Unit cost: Unit cost NOK 0.42 Interim report Norwegian Air Shuttle ASA second quarter and first half Unit cost: -9% Unit cost NOK 0.42 Pre-tax profit of MNOK 277 and margin improvement of 3 p.p. International expansion contributes

More information

Fourth Quarter 2015 Highlights

Fourth Quarter 2015 Highlights AVIANCA HOLDINGS S.A. NYSE: AVH BVC: PFAVH Avianca Holdings Reports an Adjusted Operating Profit of $93.9 Million for the fourth quarter of 05 Bogota, Colombia, February 9, 06 Avianca Holdings S.A. (NYSE:

More information

Finnair Group Financial year January 1-December 31, 2001

Finnair Group Financial year January 1-December 31, 2001 Finnair Group Financial year January 1-December 31, 2001 State of the airline industry Business travel dropped dramatically Events of September 2001 From beauty contest to fight for survival Production

More information

Presentation to Analysts 2009 Preliminary Results. 16 March 2010

Presentation to Analysts 2009 Preliminary Results. 16 March 2010 Presentation to Analysts 2009 Preliminary Results 16 March 2010 Contents Executive Summary Delivering returns 2009 performance overview Business progress Market place Positive outlook The numbers behind

More information

Introduction. Strong growth continues. Implementing the strategy - 3 - H2 Group revenue H1 Group revenue

Introduction. Strong growth continues. Implementing the strategy - 3 - H2 Group revenue H1 Group revenue !" #$% $ Disclaimer This presentation, prepared by IG Group Holdings plc (the Company ), contains forward-looking statements about the IG Group. By their very nature, forward-looking statements involve

More information

RYANAIR REPORTS FULL YEAR NET PROFIT OF 523M TRAFFIC GROWS 3% TO 81.7M - LOAD FACTOR UP 1% TO 83%

RYANAIR REPORTS FULL YEAR NET PROFIT OF 523M TRAFFIC GROWS 3% TO 81.7M - LOAD FACTOR UP 1% TO 83% RYANAIR REPORTS FULL YEAR NET PROFIT OF 523M TRAFFIC GROWS 3% TO 81.7M - LOAD FACTOR UP 1% TO 83% Ryanair, Europe s biggest low fares airline today (May 19) announced full year net profit of 523m, slightly

More information

Singapore Airlines Group Analyst/Media Briefing FY2012-13 13 RESULTS 17 MAY 2013 THE PARENT AIRLINE FY2012/13 RESULTS

Singapore Airlines Group Analyst/Media Briefing FY2012-13 13 RESULTS 17 MAY 2013 THE PARENT AIRLINE FY2012/13 RESULTS Singapore Airlines Group Analyst/Media Briefing FY2012-13 13 RESULTS 17 MAY 2013 THE PARENT AIRLINE FY2012/13 RESULTS THE PARENT AIRLINE COMPANY RESULTS FY2012/13 4Q/12 $million Better/ (Worse) $million

More information

Financial Information

Financial Information Financial Information Solid results with in all key financial metrics of 23.6 bn, up 0.4% like-for like Adjusted EBITA margin up 0.3 pt on organic basis Net profit up +4% to 1.9 bn Record Free Cash Flow

More information

2014 FULL YEAR RESULTS

2014 FULL YEAR RESULTS 2014 FULL YEAR RESULTS -3% -8% Financial and Operational Highlights Operational Revenue mntl (1) Ancillary Revenue/Pax Load Factor 29% 16% 13% 22% TRY mn 2.38 4,7 TRY mn 3.08 1,7 TRYm n 569,3 TRYm n 661,9

More information

Chief Financial Officer s statement

Chief Financial Officer s statement British Airways 2009/10 Annual Report and Accounts 15 Chief Financial Officer s statement overview A COST DRIVEN RECOVERY LEADING TO LONG-TERM PROFITABLE GROWTH With the recession and structural market

More information

COMPUTERSHARE LIMITED (ASX:CPU) FINANCIAL RESULTS FOR THE FULL YEAR ENDED 30 JUNE 2014. 13 August 2014

COMPUTERSHARE LIMITED (ASX:CPU) FINANCIAL RESULTS FOR THE FULL YEAR ENDED 30 JUNE 2014. 13 August 2014 COMPUTERSHARE LIMITED (ASX:CPU) FINANCIAL RESULTS FOR THE FULL YEAR ENDED 30 JUNE 2014 13 August 2014 NOTE: All figures (including comparatives) are presented in US Dollars (unless otherwise stated). The

More information

RESULTS PRESENTATION. Half year ended 30 November 2013 IG H1 FY14 RESULTS PRESENTATION P1

RESULTS PRESENTATION. Half year ended 30 November 2013 IG H1 FY14 RESULTS PRESENTATION P1 RESULTS PRESENTATION Half year ended 30 November 2013 IG H1 FY14 RESULTS PRESENTATION P1 DISCLAIMER This presentation, prepared by IG Group Holdings plc (the Company ), may contain forward-looking statements

More information

Norwegian Air Shuttle ASA

Norwegian Air Shuttle ASA Norwegian Air Shuttle ASA Q1 2011 presentation April 28th 2011 Double digit revenue growth in Q1 Group revenues of MNOK 1,895 in Q1 2011, 19 % growth since last year Domestic revenue: MNOK 780 (+10%) International

More information

RYANAIR ANNOUNCE RECORD Q.1 RESULTS NET PROFIT RISES 80% TO 116m - TRAFFIC GROWS 25% TO 10.7m

RYANAIR ANNOUNCE RECORD Q.1 RESULTS NET PROFIT RISES 80% TO 116m - TRAFFIC GROWS 25% TO 10.7m RYANAIR ANNOUNCE RECORD Q.1 RESULTS NET PROFIT RISES 80% TO 116m - TRAFFIC GROWS 25% TO 10.7m Ryanair, Europe s No.1 low fares airline, today (August 1, 2006) announced record profits of 115.7m for its

More information

Electrocomponents plc

Electrocomponents plc Electrocomponents plc Preliminary results for year ended 31 March 2015 21 May 2015 www.electrocomponents.com AGENDA Overview Financial performance Business performance Simon Boddie Current trading Introduction

More information

Double digit revenue growth in Q4

Double digit revenue growth in Q4 Double digit revenue growth in Q4 Group revenues of MNOK 2,145 in Q4 2010, 23 % growth since last year Domestic revenue: MNOK 848 (+5%) International revenue: MNOK 1,297 (+37%) Revenues 1,145 1,615 1,750

More information

Second Quarter Results of Operations

Second Quarter Results of Operations PRESS RELEASE Besi Posts Strong Q2 and H1-15 Results. Significant Expansion of Net Cash Position vs. 14 Duiven, the Netherlands, July 23, - BE Semiconductor Industries N.V. (the Company" or "Besi") (Euronext

More information

Eindhoven Airport Catchment MIDT Analysis and business cases

Eindhoven Airport Catchment MIDT Analysis and business cases May 28 Eindhoven Airport Eindhoven Airport Catchment MIDT Analysis and business cases 1 Introduction The following analysis is based upon MIDT data for bookings made within the immediate catchment area

More information

Interim report as at 31 March 2015

Interim report as at 31 March 2015 Interim report as at 31 March 2015 Increase of unit sales, revenue and profit Dividend raises to 1.60 per share Fielmann expects continuation of positive business performance Fielmann Aktiengesellschaft

More information

FLUGHAFEN WIEN AG. Results Q1-3/2015

FLUGHAFEN WIEN AG. Results Q1-3/2015 FLUGHAFEN WIEN AG Results Q1-3/2015 Q1-3/2015: Improved traffic results - Disproportionally high increase in earnings Recovery of passenger volume: traffic results positive once again, showing 1.5% rise

More information

RYANAIR REPORTS RECORD PROFITS OF 481M UP 20%, FARES FALL 1%, TRAFFIC GROWS 20% TO 51M.

RYANAIR REPORTS RECORD PROFITS OF 481M UP 20%, FARES FALL 1%, TRAFFIC GROWS 20% TO 51M. RYANAIR REPORTS RECORD PROFITS OF 481M UP 20%, FARES FALL 1%, TRAFFIC GROWS 20% TO 51M. Ryanair, Europe s biggest low fares airline, today (3 June) announced a 20% increase in full year net profits after

More information

Half Year Results 30 th September 2012

Half Year Results 30 th September 2012 Half Year Results 30 th September 2012 Full Year Results 2012 1 Aer Lingus On 19 th June 2012, Ryanair launched an all cash offer for Aer Lingus Group Plc. Since this offer is subject to Irish Takeover

More information

Interim financial report for the first quarter of 2011

Interim financial report for the first quarter of 2011 Interim financial report for the first quarter of 2011 Improved results between years in spite of high fuel prices Total turnover was ISK 16.0 billion, down by 2% between years EBITDA was negative by ISK

More information

FY RESULTS 27 FEBRUARY 2015. Tom Enders I Chief Executive Officer Harald Wilhelm I Chief Financial Officer

FY RESULTS 27 FEBRUARY 2015. Tom Enders I Chief Executive Officer Harald Wilhelm I Chief Financial Officer 1 FY RESULTS 27 FEBRUARY 2015 Tom Enders I Chief Executive Officer Harald Wilhelm I Chief Financial Officer SAFE HARBOUR STATEMENT 2 Disclaimer This presentation includes forward-looking statements. Words

More information

Measuring performance Update to Insurance Key Performance Indicators

Measuring performance Update to Insurance Key Performance Indicators Measuring performance Update to Insurance Key Performance Indicators John Hele Member of Executive Board and CFO of ING Group Madrid 19 September 2008 www.ing.com Agenda Performance Indicators: Background

More information

Financial Outlook: Prepared for all demand scenarios Investor Day 2011

Financial Outlook: Prepared for all demand scenarios Investor Day 2011 Financial Outlook: Prepared for all demand scenarios Investor Day 2011 Stephan Gemkow Member of the Executive Board and CFO Zurich, September 21 st, 2011 0 Growth expectations have been revised downwards

More information

TO OUR SHAREHOLDERS DYNAMIC FIRST HALF YEAR

TO OUR SHAREHOLDERS DYNAMIC FIRST HALF YEAR HALF YEAR REPORT AS OF JUNE 30, 2015 TO OUR SHAREHOLDERS Patrik Heider, Spokesman of the Executive Board and CFOO The Nemetschek Group maintained its dynamic development from the first quarter of 2015

More information

SAS Q4 2013/2014 December, 2014

SAS Q4 2013/2014 December, 2014 SAS Q4 2013/20 December, 20 SAS delivers in line with guidance and introduces further efficiency measures Q4 EBT Full year EBT SEK 789* million SEK 347** million SAS EBT* SEK millions +188 789 Commercial

More information

Flybe Group plc ( Flybe or the Group )

Flybe Group plc ( Flybe or the Group ) 11 November Flybe Group plc ( Flybe or the Group ) Flybe turnaround gains momentum Results for the six months to 30 September Flybe announces a significantly improved financial performance under its new

More information

Q1 RESULTS 2015 30 APRIL 2015. Harald Wilhelm I Chief Financial Officer

Q1 RESULTS 2015 30 APRIL 2015. Harald Wilhelm I Chief Financial Officer 1 Q1 RESULTS 2015 30 APRIL 2015 Harald Wilhelm I Chief Financial Officer SAFE HARBOUR STATEMENT 2 Disclaimer This presentation includes forward-looking statements. Words such as anticipates, believes,

More information

Publishing Technology plc

Publishing Technology plc Publishing Technology plc 23 March 2009 Publishing Technology plc Announces Preliminary Results for 2008 Significant EBITDA growth underlines strong trading performance Publishing Technology plc (PTO.L)

More information

FINANCIAL RESULTS Q1 2016

FINANCIAL RESULTS Q1 2016 FINANCIAL RESULTS Q1 2016 CFO Hallvard Granheim 28 th April 2016 Highlights Q1 Increase in underlying results (EBITDA) - Nordic prices are down 15% Q-on-Q - High production from Nordic hydropower assets

More information

John Menzies plc Final Results Presentation. 11 March 2008

John Menzies plc Final Results Presentation. 11 March 2008 John Menzies plc Final Results Presentation 11 March 2008 Agenda Group Highlights and Financial Review Business Review Menzies Aviation Business Review Menzies Distribution Summary Questions 2 John Menzies

More information

AIRASIA BERHAD 4Q15 EARNINGS BRIEFING

AIRASIA BERHAD 4Q15 EARNINGS BRIEFING AIRASIA BERHAD 4Q15 EARNINGS BRIEFING 26 FEBRUARY 2016 DISCLAIMER Information contained in our presentation is intended solely for your personal reference and is strictly confidential. Such information

More information

Finnair Q2 result info

Finnair Q2 result info Finnair Q2 result info 15 August 2014 CEO Pekka Vauramo CFO Erno Hildén 1 Product upgrades: Customers spoke, we listened Signature meals and new buy onboard menu, Sky Bistro Lounge renewals New In-flight

More information

Q1 2010 Results Analyst Presentation Henk van Dalen, CFO 3 May 2010

Q1 2010 Results Analyst Presentation Henk van Dalen, CFO 3 May 2010 Q1 2010 Results Analyst Presentation Henk van Dalen, CFO 3 May 2010 Overall trading conditions continue to improve GROUP Operating income 251 million ( 163 million in Q1 20); quarter benefited from four

More information

Our people make the difference

Our people make the difference Transcom WorldWide S.A. Our people make the difference Investor Presentation Q1 2006 1 Company Overview Transcom is Europe s largest CRM operator by geographic footprint Fast growing Customer Relationship

More information

FITCH RATES RYANAIR HOLDING PLC 'BBB+'; OUTLOOK STABLE

FITCH RATES RYANAIR HOLDING PLC 'BBB+'; OUTLOOK STABLE FITCH RATES RYANAIR HOLDING PLC 'BBB+'; OUTLOOK STABLE Fitch Ratings-New York/London-16 May 2014: Fitch Ratings has assigned Ryanair Holdings plc (RYA) a 'BBB+' Long-term Issuer Default Rating (IDR). The

More information

Financial Results 3 rd Quarter MAR/2016 (FY2015)

Financial Results 3 rd Quarter MAR/2016 (FY2015) Financial Results MAR/2016 (FY2015) January 29 th, 2016 CONTENTS P.1 P.2 P.3 P.4~ Overview of FY MAR/16 Results Operating Revenue Operating Profit (JPY Bn) 1,030 1,020 1,010 +1.0Bn 1,022.3 1,023.4 (+0.1%)

More information

TIGER AIRWAYS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company Registration Number: 200701866W

TIGER AIRWAYS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company Registration Number: 200701866W TIGER AIRWAYS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company Registration Number: 200701866W TIGER AIRWAYS ALMOST TRIPLES PROFIT BEFORE TAX TO $57.0 MILLION FOR THE FINANCIAL YEAR

More information

Strengthening of market share in a challenging market

Strengthening of market share in a challenging market Cimber Sterling Group A/S, Lufthavnsvej 2, 6400 Sønderborg, Denmark INTERIM ANNOUNCEMENT 1 NOVEMBER 2009 TO 31 JANUARY 2010 Announcement No. 31/2010 17 March 2010 Strengthening of market share in a challenging

More information

Strong First Half-Year 2016 Leads to Significant Earnings Improvement for the Flughafen Wien Group

Strong First Half-Year 2016 Leads to Significant Earnings Improvement for the Flughafen Wien Group Strong First Half-Year 2016 Leads to Significant Earnings Improvement for the Flughafen Wien Group REVENUE increase to 334.4 million (+7.3%), EBITDA rise to 201.5 million (+ 9.9% or 149.7 million clean

More information

K3 BUSINESS TECHNOLOGY GROUP PLC ( K3 or the Group ) Announces. Unaudited Half Yearly Report For the six months to 30 June 2009.

K3 BUSINESS TECHNOLOGY GROUP PLC ( K3 or the Group ) Announces. Unaudited Half Yearly Report For the six months to 30 June 2009. KBT 2 September K3 BUSINESS TECHNOLOGY GROUP PLC ( K3 or the Group ) Announces Half Yearly Report For the six months Key Points Encouraging results in more difficult trading environment demonstrate resilience

More information