Favorable economy combined with new business models, and effective cost and capacity control resulted in improved earnings
Key ratios from the SAS Group Year-end Report published today:
• Income before capital gains and nonrecurring items amounted to MSEK 1,279 for full-year 2006, an improvement of MSEK 1,165, compared with the preceding year.
• Income before tax from continuing and discontinued operations including nonrecurring items totaled MSEK 4,936
• Nonrecurring items of MSEK 667 were charged against results and capital gains amounted to MSEK 4,324.
• The Group’s total operating revenue increased by 9.5% to MSEK 60,777.
Mats Jansson, President and CEO, comments:
” The result reported for 2006 is a good sign, but the level is too low to meet future investment requirements. Accordingly, we need to continue our work on efficiency and revenue measures. We will present innovations for our most loyal customers, while continuing to offer the market a large number of low-price tickets.
“In 2007, continued favorable growth is expected and there are currently no indications of a slowdown in the economy or the airline market. However, uncertainty remains regarding the strength of growth, the future competitive situation and the trend for jet fuel prices.”
See the Year-end Report on www.sasgroup.net for further detailed information.
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