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16-Sep-2010 1:07 PM

Cimber Sterling revenue up 27.1%, but remains in the red in 1QFY2011

Cimber Sterling revenue up 27.1% - financial highlights for the three months ended 31-Jul-2010:

  • Revenue*: EUR70.6 million, +27.1% year-on-year;
  • Operating cost: EUR46.2 million, +44%;
  • Operating profit (loss): (EUR1.3 million), compared with a loss of EUR3.4 million in p-c-p;
  • Net profit (loss): (EUR1.4 million), compared with a loss of EUR1.6 million in p-c-p;
  • Operating cash flow: (1.3 million), compared with a positive cash flow of EUR2.0 million in p-c-p;
  • Total assets: EUR141.4 million, -0.7%;
  • Total liabilities: EUR371.5 million, -4.6%;
  • Passenger numbers: 714,000, +13.9%;
  • Load factor: 69%, -2 ppts;
  • Yield: EUR 11.55 cents, stable;
  • Revenue per ASK: EUR 7.79 cents, +1.8%;
  • Cost per ASK: EUR 7.79 cents, -10.8%;
  • Cost per ASK excl fuel: EUR 6.98 cents, -13.3%;
  • FY2010/11 forecast:
    • Revenue: EUR268.6 million;
    • Operating profit (loss): (EUR2.7 million to EUR10.7 million);
    • Load factor: 70%, with a +/-1 ppt change in load factor having a +/- DKK14 million effect on operating results;
    • Yield: EUR 11.28 cents, with a +/-1% change in yield having a +/- DKK18 million effect on operating results;
    • Fuel cost: USD700/ton, with a +/-5% change having a -/+ DKK16 million effect on operating results;
    • Exchange rate: USD1 = DKK6.0, with a +/-5% change having a -/+ DKK26 million effect on operating results. [more]

* Based on the conversion rate at EUR1 = DKK7.44699