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SAS Interim report January-September 2002

November 12, 2002 08:00

Operating revenue for the first nine-months of 2002 reached MSEK 48,235 (38,623), an increase of 24.9%. For comparable units, operating revenue decreased by 3.0% during the period and by 1.9% in the third quarter.
Income before depreciation and leasing costs for aircraft (EBITDAR) amounted to MSEK 5,962 (3,290) for the period January-September. EBITDAR for the third quarter was MSEK 2,130 (882).
Income before capital gains amounted to MSEK –118 (–202) in the first nine months of the year. Income for the third quarter was MSEK 15 (–421).
Income before tax amounted to MSEK 233 (7), of which Scandinavian Airlines accounted for MSEK –377 (–350).
Income before tax was affected positively by the acquired companies, Braathens and Spanair, by MSEK 658.
CFROI for the 12-month period October 2001-September 2002 was 13% (13%). Since the Group’s return requirement is 20%, this result is far from what is required to meet the target.


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