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

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