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Cimber Sterling reports loss in 1QFY2012, maintains full-year loss forecast

15-Sep-2011 11:45 AM

Cimber Sterling revenue up 21% – financial highlights for the three months ended 31-Jul-2011:

  • Revenue: EUR85.3 million, +21% year-on-year;
  • Operating costs: EUR55.5 million, +20%;
    • Fuel: EUR17.6 million, +42.3%;
    • Labour: EUR17.7 million, +23.3%;
  • EBITDAR: EUR9.1 million, +42%;
  • EBIT (loss): (EUR1.2 million), compared to a loss of EUR1.3 million in p-c-p;
  • Net profit (loss): (EUR2.5 million), compared to a loss of EUR1.4 million in p-c-p;
  • Total assets: EUR153.5 million, +8.5%;
  • Cash and cash equivalents: EUR1.0 million, -62.1%;
  • Passenger numbers: 600,000, +4.3%;
  • Load factor: 71%, +2 ppts;
  • Yield: EUR 12.49 cents, +6.9%;
  • Revenue per ASK: EUR 8.46 cents, +10.5%;
  • Cost per ASK: EUR 8.59 cents, +6.7%;
  • Cost per ASK excl fuel: EUR 6.85 cents, +4%;
  • FY2012 forecast:
    • Revenue: EUR282.0 million;
    • Operating profit (loss): (EUR2.7 million to EUR8.1 million). [more]

*Based on the conversion rate at EUR1 = DKK7.44736