22-May-2012 1:46 PM

Ryanair reports sharp profit increase in FY2012

Ryanair revenue up 21% - financial highlights for 12 months ended 31-Mar-2012:

  • Revenue: EUR4390 million, +21% year-on-year;
    • Ancillary: EUR886.2 million, +11%;
  • Total operating costs: EUR3707 million, +18%;
    • Fuel: EUR1594 million, +30%;
    • Airport and handling charges: EUR554 million, +13%;
  • Operating profit from continuing operations: EUR683.2 million, +40%;
  • Profit before tax: EUR633 million, +50%;
  • Net profit: EUR560.4 million, +50%;
  • Passenger numbers: 75.8 million, +5%;
  • Load factor: 82%, -1 ppt;
  • Total assets: EUR9001 million, +5%;
  • Cash and cash equivalents: EUR2708 million, +34%;
  • Total liabilities: EUR5693 million, +1%;
  • FY2013 forecast:
    • Passenger numbers: 79 million, +5%;
      • 1HFY2013: +7%;
      • 2HFY2013: +2%;
    • Net profit: EUR400 million to EUR440 million. [more - original PR]

Ryanair: "Our fuel bill will rise by €320m in FY13 with most of this increase skewed into H1, and as a result we expect to report a Q1 profit fall due to these higher prices. We remain concerned about next winter as we have zero yield visibility but expect recession, austerity, currency concerns and lower fares at new and growing bases in Hungary, Poland, Provincial UK, and Spain will make it difficult to repeat this year’s record results." Source: Company statement, 21-May-2012.

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