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2014-10-30 17:20:37 CET 2014-10-30 17:21:36 CET REGULATED INFORMATION Icelandair Group hf. - Financial Statement ReleaseGood third quarter performance-- Profit after taxes USD 85.8 million, as compared to USD 65.3 million in the preceding year -- EBITDA at USD 123.9 million, as compared to USD 102.2 million in the preceding year -- Total revenue increased by 13% -- Equity ratio 46% at the end of September -- Net cash provided by operating activities USD 5.8 million, as compared to USD 30.3 million in the preceding year Björgólfur Jóhannsson, President and CEO: “The Company's international flight operations were successful in the third quarter and the results were good. Capacity in the Route Network was increased by 19% from the preceding year. The passenger load factor was 84.2%, up by 0.7 percentage points between years. Around 970 thousand passengers travelled with the Company over the quarter, a record high. The increased scope of the international flight operations, together with the significant increase in the number of tourists to Iceland, had a positive effect on other business activities of the Group. The Company's third-quarter profit amounted to USD 85.8 million, up by USD 20.5 million from the preceding year. Financially, the Company is strong and well prepared to take on future challenges; an announcement has already been made of a projected 12% growth in international flight operations next year. As a result of the third-quarter success we are now projecting our EBITDA for 2014 in the range of USD 150-155 million, up from the earnings estimate published earlier this year.” For further information please contact: Bjorgólfur Jóhannsson, President and CEO bubbi@icelandairgroup.is +354 896 1455 Bogi Nils Bogason, CFO bogi@icelandairgroup.is + 354 665 8801 |
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