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SAS Interim report January-June 2003

August 11, 2003 08:00

• Operating revenue for the first half of 2003 amounted to MSEK 29,010 (31,643), a decrease of 8.3%. For comparable units, and adjusted for currency effects, operating revenue for the period decreased by 8.7% or MSEK 2,741.

• Operating revenue for Scandinavian Airlines amounted to MSEK 15,568 (18,938). Adjusted for currency effects, operating revenue fell 15.5 %.

• Income before depreciation and leasing costs for aircraft (EBITDAR) was MSEK 1,210 (3,832) for the first half of the year. EBITDAR in the second quarter amounted to MSEK 1,608 (3,248).

• Income before capital gains amounted to MSEK –1,996 (-133) in the first six months of the year and MSEK –57 (1,180) in the second quarter.

• Income before tax amounted to MSEK –1,789 (-407) and MSEK 87 (1,039) in the second quarter.

• Income after tax amounted to MSEK –1,533 (-354) and MSEK 66 (968) in the second quarter.

• CFROI for the 12-month period July 2002-June 2003 was 8% (9%).

• Earnings per share for the period January–June amounted to SEK –9.32 (-2.17) for the SAS Group and equity per share was SEK 80.42 (89.62).

 

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