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