Presentasjon av Farstad Shipping ASA

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Presentasjon av Farstad Shipping ASA"

Transcription

1 Rederiforbundet Presentasjon av Farstad Shipping ASA Karl-Johan Bakken - CEO Torstein L. Stavseng - CFO

2 Farstad Shipping ASA Looking ahead from 2015 Dressing the Company for the Future Strategically fleet adjustment Operationally cost reductions and efficiency gains Financially engangement of Financial Advisors In order to withstand a prolonged market downturn, and to further build on our leading position in our industry. Slide 2

3 Farstad Shipping ASA Brief summary No of vessels in operation: 59 (30 AHTS, 23 PSV, 6 Subsea) No of newbuilds: 1 (1 Subsea) No of employees offshore: No of employees onshore: 240 Market value fleet*) (excl. newbuilds): Bln. NOK 17.2 Newbuilds: Bln. NOK 0.5 Share price ( ): NOK Market capitalization: Bln. NOK 0.6 Book equity ratio ( ): 24.0 % Value adjusted equity ratio *) ( ): 30.9 % *) Calculated and based upon average values, estimates from 3 shipbrokers per Slide 3

4 Farstad Shipping ASA Listed since 1988 Largest shareholders (23 February 2016) Slide 4

5 Farstad Shipping ASA 100% 100% 100% 100% 100% 100% 100% 100% Farstad Shipping SA (Macae/Rio) 3 vessels Farstad Shipping (Indian Pacific) Pty. Ltd. (Melbourne/Perth) Farstad Shipping Pte.Ltd (Singapore) 7 vessels Farstad Shipping Aalesund AS Farstad Offshore AS Farstad Marine AS 8 vessel Farstad Construction AS 4 vessel 1 newbuilds Farstad Supply AS 35 vessels Farstad Shipping Offshore Simulator Centre Pty Ltd Farstad Shipping Crewing Services Pte. Ltd. 50% 100% Farstad International AS 50% P/R International Offshore Services ANS 2 vessels Company structure February 2016 Slide 5

6 Farstad Shipping ASA Result 4 th Quarter 2015 (NOK mill.) Res 4Q-14 Res 4Q-15 Operating income 1 111,7 939,9 Profit on sale of fixed assets 0,0 0,0 Total operating income 1 111,7 939,9 Crewing expenses vessels 452,4 385,8 Other operating expenses vessels 210,7 150,3 Administration 41,7 73,4 Total operating expenses 704,9 609,5 Operating result EBITDA 406,9 330,4 Deferred maintenance 59,4 61,8 Depreciation 142,9 156,0 Impairment 101, ,6 Operating result EBIT 102,8 (982,0) Financial income 10,3 8,7 Financial expenses (166,5) (174,7) Currency gain/loss 43,9 (73,3) Currency gain/loss unrealized (223,0) (31,3) Net financial items (335,3) (270,6) Pre-tax profit (232,6) (1 252,6) Taxes (6,8) 58,2 Profit (225,8) (1 310,9) CF pre tax and sale of assets 294,6 91,0 Margins EBITDA 36,6 % 35,1 % Margins EBIT (ex. impairment) 18,4 % 12,0 % Pressure on rates Vessels in lay up Changes in the Farstad-fleet Crew costs Dry dockings Brazil exposure Pensions Depreciations/Impairments Currency effects Taxes Avg 4Q-14 Avg 4Q-15 31/12/ /12/2015 GBP 11, , , ,0720 USD 7,4332 8,6751 7,4332 8,8090 EUR 9,0365 9,4018 9,0365 9,6190 AUD 6,0881 6,2521 6,0881 6,4471 BRL 2,7984 2,2407 2,7984 2,2559 Slide 6

7 Farstad Shipping ASA Result - quarterly development (NOK mill.) 4Q-14 1Q-15 2Q-15 3Q-15 4Q-15 Operating income excl. sale of vessels 1 111, , ,8 969,3 939,9 Crewing expenses vessels 452,4 449,8 435,8 436,1 385,8 Other operating expenses vessels 210,7 169,1 167,8 162,9 150,3 Administration 41,7 78,0 70,3 68,5 73,4 Total operating expenses 704,9 697,0 673,9 667,6 609,5 EBITDA (excl. sale of vessels) 406,9 370,7 364,8 301,7 330,4 Depreciation 202,3 225,5 225,9 228,1 217,8 Impairment 101,8 15,0 170,0 0, ,6 Operating result EBIT 102,8 130,2 (31,0) 73,6 (982,0) Financial items excl. currency items (156,2) (155,0) (152,0) (164,5) (166,0) Profit/loss on currency items 43,9 (0,3) (32,7) 19,9 (73,3) Currency gain/loss unrealized (223,0) (266,5) 104,8 (355,6) (31,3) Net financial items (335,3) (421,8) (79,9) (500,3) (270,6) Profit before tax (incl. sale of vessels) (232,6) (296,1) (110,9) (426,7) (1 252,6) Tax (6,8) 8,1 8,7 8,7 58,2 Profit after tax (225,8) (304,2) (119,5) (435,3) (1 310,9) Cash Flow incl. sale of assets/others 294,6 210,8 180,2 157,0 91,0 Sale of assets/other items 0,0 (4,6) 0,0 0,0 0,0 Cash Flow excl. sale of assets/others 294,6 215,4 180,2 157,0 91,0 EBITDA- margin 36,6 % 34,7 % 35,1 % 31,1 % 35,1 % EBIT- margin (ex.impairment) 18,4 % 13,6 % 13,4 % 7,6 % 12,0 % CF- margin 26,5 % 20,2 % 17,3 % 16,2 % 9,7 % Average no of shares (1000) , , , , ,0 Slide 7

8 Farstad Shipping ASA EBITDA margin sorted by segment EBITDA in % of income sorted by vessel type AHTS PSV SUBSEA 60% EBITDA in % of income sorted by region Northwest Europe Brazil Indian Pacific 70% 50% 60% 40% 50% 40% 30% 30% 20% 20% 10% 10% 0% 0% -10% -10% Slide 8

9 Farstad Shipping ASA Operating income excl. sale of assets - quarterly development Mill NOK 1 400, , ,0 800,0 600,0 400,0 200,0 0,0 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Slide 9

10 Farstad Shipping ASA EBITDA excl. sale of assets - quarterly development Mill NOK 600,0 500,0 400,0 300,0 200,0 100,0 0,0 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Slide 10

11 Farstad Shipping ASA EBIT excl. sale of assets and impairment - quarterly development Mill NOK 350,0 300,0 250,0 200,0 150,0 100,0 50,0 0,0 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Slide 11

12 Farstad Shipping ASA Result preliminary (NOK mill.) Res Res Operating income 4 368, ,7 Profit on sale of fixed assets 15,0 (4,6) Total operating income 4 384, ,1 Crewing expenses vessels 1 748, ,6 Other operating expenses vess 728,9 650,1 Administration 265,2 290,3 Total operating expenses 2 742, ,1 Operating result EBITDA 1 641, ,1 Deferred maintenance 238,6 259,5 Depreciation 515,8 637,7 Impairment 101, ,6 Operating result EBIT 785,3 (813,8) Financial income 35,2 32,6 Financial expenses (617,5) (670,2) Currency gain/loss 71,1 (86,4) Currency gain/loss unrealized (281,2) (548,6) Net financial items (792,3) (1 272,6) Pre-tax profit (7,0) (2 086,3) Taxes 1,3 83,6 Profit (8,3) (2 170,0) % 40% 35% 30% 25% 20% 15% 10% 5% 0% CF pre tax and sale of assets 1 115,3 643,7 Margins EBITDA 37,2 % 34,1 % Margins EBIT (ex.impairment) 20,0 % 11,7 % Operating Income EBIT (excl impairment) EBIT-Margin (excl impairment) EBITDA EBITDA-Margin Slide 12

13 Farstad Shipping ASA Comprehensive Income/Equity preliminary STATEMENT OF 4th quarter 4th quarter COMPREHENSIVE INCOME Profit ( ) ( ) ( ) (8 341) Items not to be reclassified to profit/loss in subsequent periods Actuarial gains and losses pensions (29 025) (29 025) Change in deferred tax pensions (1 455) 661 (1 455) Items to be reclassified to profit/loss in subsequent periods Change in foreign exchange contracts and interest swaps ( ) (33 067) ( ) (36 362) Change in deferred tax (149) Translation effects foreign operations (26 803) Total other comprehensive income ( ) ( ) (40 999) Comprehensive income for the period ( ) ( ) ( ) ( ) CHANGE IN EQUITY 4th quarter 4th quarter Equity at the beginning of the period Comprehensive income ( ) ( ) ( ) ( ) Dividend payment 0 0 ( ) ( ) ( ) Equity at the end of the period Slide 13

14 Farstad Shipping ASA CASH FLOW preliminary STATEMENT OF CASH FLOW 4th quarter 4th quarter Cash flow from operating activity Sale of fixed assets Investment in fixed assets and contracts newbuilds (17 879) ( ) ( ) ( ) ( ) Other investments activity Cash flow from investment activity ( ) ( ) ( ) ( ) New long-term debt Repayment of debt ( ) ( ) ( ) ( ) ( ) Dividend paid 0 - ( ) ( ) ( ) Interest costs ( ) ( ) ( ) ( ) ( ) Cash flow from finance activity ( ) ( ) Net changes in liquidity in the period ( ) Net currency exchange differences subsidiaries (46 945) (25 070) Cash and cash equivalents at the beginning of the period *) Cash and cash equivalents at the end of the period *) *) Ex. shares, equity certificates and bonds Shares, equity certificates and bonds Liquid assets Slide 14

15 Farstad Shipping ASA Result sorted by segment - preliminary OPERATING INCOME *) 4th quarter 4th quarter AHTS PSV SUBSEA Other income Total North-West Europe Brazil Asian Pacific Other segments Others Total OPERATING PROFIT (EBIT) *) 4th quarter 4th quarter Operating income - sorted by segment Northwest Europe Brazil Indian Pacific Other Markets 100% 1,2 1,5 0,1 2,6 3,8 4,7 90% 80% 70% 48,3 48,7 52,4 47,5 43,5 47,4 60% 50% 40% 25,3 27,9 26,1 29,6 32,2 30% 35 20% 10% 25,2 21,9 21,4 20,3 20,5 12,9 0% AHTS PSV Subsea AHTS ( ) PSV ( ) ( ) SUBSEA Other income (38 748) (12 766) (43 212) (18 662) (18 039) Total ( ) ( ) North-West Europe ( ) ( ) Brazil Asian Pacific ( ) ( ) Other segments (7 517) (29 475) (13 521) Others (38 737) (12 766) (43 201) (18 662) (18 039) Total ( ) ( ) *) excl. sale of vessel 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 5,4 4,6 6,6 5,6 6,3 13,7 30,7 30,6 31,7 35,4 35,5 31,4 63,8 64,7 61,6 59,0 57,8 54,5 Slide 15

16 Farstad Shipping ASA Balance Sheet preliminary ASSETS Fixed assets: Goodwill Vessels etc Contracts newbuilds Deferred tax benefit Other long-term receivables Currency and interest swap derivatives Shares Total fixed assets Current assets: Account receivables, freight income Other short-term receivables Currency and interest swap derivatives Liquid assets Total current assets Assets classified as held for sale Total assets EQUITY AND LIABILITIES Equity: Paid-in capital Retained earnings Total equity Liabilities: Non-current liabilities: Provision for liabilities Deferred tax Currency and interest swap derivatives Interest-bearing debt and leasing obligations Total non-current liabilities Current liabilities: Accounts payable Currency and interest swap derivatives Taxes payable Other current liabilities Current portion of interest-bearing debt Total current liabilities Total liabilities Total equity and liabilities Vessels sold: 1Q-Far Sky 2Q-Far Superior 4Q Lady Guro Newbuilds delivered: 1Q-Far Sleipner 3Q-Far Sentinel Ordinary repayment of long term debt: 4Q NOK 325 mill. (NOK mill. for 2015) New debt in 4Q was NOK 132 mill. (NOK Mill. for 2015) Dividend paid to be shareholders in May with NOK mill. Impairment in 4Q was NOK mill. (NOK 1279,6 mill. for 2015) reducing Goodwill/Vessels etc. and Equity. Booked EQ per share: NOK 111,39 Booked EQ%: 24.0 % (4Q-14: 34,2%) Value adjusted EQ% *): 30.9 % (4Q-14: 42,7%) *) Calculated and based upon values as per EUR 0,5 % GBP 2,0 % AUD 5,6 % USD 25,5 % Currency - Interest bearing debt NOK 66,4 % Slide 16

17 Market values vessels*) Willing buyer, Willing seller, Free of charter, Available in the market Mill. NOK Mill. NOK : Average decrease in values of Farstad fleet: 1,0%. 2013: Average decrease in values of Farstad fleet: 3,9%. 2014: Average decrease in values of Farstad fleet: 5,4% st half year: Average decrease in values of Farstad fleet: 9,7% nd half year: Average decrease in values of Farstad fleet: 7,0%. Far Service(PSV,1995) Far Star (PSV,1999) Far Senior (AHTS,1998) Far Sovereign (AHTS,1999) Far Sword (AHTS, 2006) Far Scorpion (AHTS,2009) *) Average values, based upon estimates from 3 shipbrokers. Vessel s first value is building cost. Slide 17

18 Farstad Shipping ASA Values NOK dividend/ share 6,00 Values NOK/ share 300 5, , , , , , Dividend 3,00 3,00 4,00 5,00 3,00 4,00 5,00 3,00 3,00 3,00 0,00 Book value 79,13 90,61 87,95 113,85 160,31 168,78 174,88 173,74 176,36 169,87 111,39 Share price 97,00 135,50 148,00 67,50 128,50 175,00 151,00 134,50 133,00 50,75 15,20 Value adjusted Equity 115,28 170,87 218,06 248,06 249,45 262,98 273,34 277,94 271,99 244,32 157,90 0 Value Adjusted Equity is calculated and based upon average market values of the fleet from 3 shipbrokers per 31.12/ Slide 18

19 Farstad Shipping ASA Long term debt repayment profile half-year half-year half-year half-year half-year half-year half-year half-year half-year half-year 2020 Installments Repayment sale Balloons Bonds Guarantee renewals Slide 19

20 Farstad Shipping ASA Health, Safety, Environment and Quality LTIF - (No of injuries per mill. work hours ) 2,00 1,80 1,60 1,81 1,40 1,20 1,51 1,38 1,00 0,80 0,60 0,92 1,04 0,81 0,77 0,73 0,40 0,20 0,41 0,50 0, Slide 20

21 Farstad Shipping ASA Fleet distribution 59 vessels - February PSV 5 AHTS 1 Subsea tbn ÅLESUND 1 Subsea 3 PSV 8 AHTS 4 SUBSEA 1 Subsea SINGAPORE 10 PSV 17 AHTS MACCAÈ RIO DE JANEIRO PERTH MELBOURNE Slide 21

22 Farstad Shipping ASA Contract summary AHTS February 2016 Slide 22

23 Farstad Shipping ASA Contract summary PSV and SUBSEA February 2016 Slide 23

24 Farstad Shipping ASA Contract summary*) Fleet February % 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Options Term contracts 54.1%**) 44.0%**) 36.2%**) 29.2%**) 20.6%**) Contract coverage exclusive options 2016: 43% 2017: 25% Back log: Total: NOK 6.0 mrd **) AHTS => 52.4% 37.5% 25.7% 23.3% 11.5% **) PSV => 47.3% 40.6% 36.1% 25.1% 21.7% **) SUBSEA => 87.3% 83.4% 81.1% 67.9% 56.0% *) Actual no of days term contracts divided by no. of available days **) incl. options Slide 24

25 Global energy demand IHS forecast October 2015 Source: IHS October 2015 Slide 25

26 Vessel Information & Newbuilding contract Yard no 838 Vung Tau - Far Superior TBN delivery November 2016 Slide 26

27 Newbuildings sorted by regions AHTS> BHP, PSV> DWT and Subsea No of vessels 250 AHTS = 84 vessels PSV = 270 vessels Subsea= Source: IHS/Clarkson Platou/ Farstad January-16 Slide 27

28 Worldwide Subsea vessel supply/demand October 2015! Source: IHS October 2015 Slide 28

29 World wide Fleet Term Utilization Source: IHS/Farstad, January 2016 Slide 29

30 Boat- years North West Europe Supply- Demand- Utilisation % % 91% 90% 91% 90% % % % 80% 70% 60% % % 30% % 50 10% 0 0% Average supply Average demand Average utilisation Source: IHS/Farstad, January 2016 Slide 30

31 North West Europe Supply- Demand- Utilisation ,0% 90,0% 80,0% 70,0% 60,0% 50,0% 40,0% Term demand Spot demand Fleet size Total utilisation % Term utilization Source: IHS/Farstad, January 2016 Slide 31

32 North West Europe Fleet Utilization 2015 development 100% 95% 90% 85% 80% 75% 2015-april 2015-jan 2015-august 2015-final 70% 65% Source: IHS/Farstad, January 2016 Slide 32

33 North West Europe Fleet Utilization forecast % 95% 90% 85% 80% 75% 70% 65% 2016-jan lay up (100 vessels) 60% 55% 50% Source: IHS/Farstad, January 2016 Slide 33

34 North West Europe Supply- Demand- Utilisation Source: Platou Clarkson February 2016 Slide 34

35 PSV>2.000 dwt AHTS> bhp 1100 vessels newbuilds (24,5%) 512 vessels + 84 newbuilds (16,4%) DWT BHP Approx. 45% Approx vessels worldwide Source: IHS/Clarkson Platou/ Farstad January-16 Fleet Structure Supply Vessels Worldwide Slide 35

36 No of vessels Newbuildings sorted by deliverytime AHTS> BHP, PSV> DWT and Subsea 160 AHTS<12500 BHP (44 vessels) AHTS>20000 BHP(15 vessels) PSV>4000 DWT (144 vessels) 12500BHP<AHTS<20000BHP (25 vessels) PSV<4000 DWT (126 vessels) Source: IHS/Clarkson Platou/ Farstad January-16 Slide 36

37 Worldwide Fleet Growth AHTS> BHP No of vessels Increase in fleet Total fleet incl. Newbuilds No of vessels Increase in fleet Total fleet incl. Newbuilds Expected January-16 Expected January-15 Source: IHS/Clarkson Platou/ Farstad January-16 Slide 37

38 Worldwide Fleet Growth PSV> DWT No of vessels Increase in fleet Total fleet No of vessels Increase in fleet Total fleet Expected January-16 Expected January-15 Source: IHS/Clarkson Platou/ Farstad January-16 Slide 38

39 Worldwide and Northwest Europe *) AHTS> BHP and PSV> DWT No of vessels PSV> 2000 DWT No of vessels AHTS> BHP 1200 Other markets Northwest Europe 600 Other markets Northwest Europe *) Excl newbuilds Source: IHS/Clarkson Platou/ Farstad January-16 Slide 39

40 Worldwide sorted by regions AHTS> BHP No of vessels 250 Jan.-10 Jan.-11 Jan.- 12 Jan.-13 Jan.-14 Jan.-15 Jan Source: IHS/Clarkson Platou/ Farstad January-16 Slide 40

41 Worldwide sorted by regions PSV> DWT No of vessels Jan.-10 Jan.-11 Jan.-12 Jan.-13 Jan.-14 Jan.-15 Jan Source: IHS/Clarkson Platou/ Farstad January-16 Slide 41

42 Worldwide sorted by owners/ managers AHTS> BHP and PSV> DWT No of vessels AHTS = 512 vessels PSV = 1100 vessels Newbuilds = 354 vessels Total fleet incl. newbuild count 1966 vessels 236 owners. The 53 largest owners having 10 or more vessels control 72,5 % of the fleet incl. newbuilds. 156 owners have 5 vessels/newbuilds or less 17,5 % of the fleet 344 vessels. The 53 largest owners have ordered 204 newbuilds 57,5 %. Source: IHS/Clarkson Platou/ Farstad January-16 Slide 42

43 Northwest Europe sorted by owners/ managers AHTS> BHP and PSV> DWT No of vessels No of PSV=255 No of AHTS=77 Number of players: 54 Number of vessels: 332 (20,6%) Number of newbuilds: 40 (11,3%) Source: IHS/Clarkson Platou/ Farstad January-16 Slide 43

44 Brazil sorted by owners/ managers AHTS> BHP and PSV> DWT No of vessels No of PSV=146 No of AHTS=74 Number of players: 39 Number of vessels: 220 (13,6%) Number of newbuilds: 36 (10,2%) Source: IHS/Clarkson Platou/ Farstad January-16 Slide 44

45 Brazil total fleet og supply vessels Supply vessel by flag Source: ABEAM Brazilian Association of Offshore Support Vessels - December 2015 Slide 45

46 Indian Pacific/China sorted by owners/ managers AHTS> BHP and PSV> DWT No of vessels No of PSV=174 No of AHTS=194 Number of players: 84 Number of vessels: 368 (22,8%) Number of newbuilds 218 (61,6%) Source: IHS/Clarkson Platou/ Farstad January-16 Slide 46

47 Australia/New Zealand sorted by owners/ managers AHTS> BHP and PSV> DWT No of vessels No of PSV=16 No of AHTS=22 Number of players: 12 Number of vessels: 38 (2,4%) Number of newbuilds Source: IHS/Clarkson Platou/ Farstad January-16 Slide 47

48 West/East-Africa sorted by owners/ managers AHTS> BHP and PSV> DWT No of vessels No of PSV=156 No of AHTS=67 Number of players: 52 Number of vessels: 223(13,8%) Number of newbuilds Source: IHS/Clarkson Platou/ Farstad January-16 Slide 48

49 Takk for oppmerksomheten! Slide 49

DOF ASA 1Q Presentation

DOF ASA 1Q Presentation DOF ASA 1Q Presentation CEO Mons Aase CFO Hilde Drønen Agenda Highlights Overview 1Q Financial DOF ASA 1 Q Presentation - 2 Highlights 1Q Skandi Mongstad and Geograph delivered from yard Long term contracts

More information

NORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT SECOND QUARTER 2006 [This document is a translation from the original Norwegian version]

NORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT SECOND QUARTER 2006 [This document is a translation from the original Norwegian version] NORWEGIAN AIR SHUTTLE ASA QUARTERLY REPORT SECOND QUARTER 2006 SECOND QUARTER IN BRIEF had earnings before tax of MNOK 24.8 (20.6) in the second quarter. The operating revenue increased by 44 % this quarter,

More information

Preliminary Figures FY 2016

Preliminary Figures FY 2016 February 14, 2017 Preliminary Figures FY 2016 Capital Markets Day 2017 Tom Blades (CEO) Disclaimer This presentation has been produced for support of oral information purposes only and contains forwardlooking

More information

Golden Ocean Group Limited Q results March 1, 2007

Golden Ocean Group Limited Q results March 1, 2007 Golden Ocean Group Limited Q4 2006 results March 1, 2007 PROFIT & LOSS 2005 2006 (in thousands of $) 2006 2005 Oct-Dec Oct-Dec Jan - Dec Jan - Dec Operating Revenues 37 292 91 253 Time charter revenues

More information

FIRST QUARTER RESULTS 2017

FIRST QUARTER RESULTS 2017 FIRST QUARTER RESULTS 2017 KEY RESULTS In the 1Q17 Interjet total revenues added $4,421.5 million pesos that represented an increase of 14.8% over the income generated in the 1Q16. In the 1Q17, operating

More information

1.3% millionn euros. Net debt of 5.4 improvement. euros to. Financial Year. the Air. operating. equipped. ness and. also focus on.

1.3% millionn euros. Net debt of 5.4 improvement. euros to. Financial Year. the Air. operating. equipped. ness and. also focus on. 25 th July 2014 Financial Year 2014: First Half results SECOND QUARTER Revenues of 6.45 billion euros, upp 1.7% like-for-like; passenger unit revenue up 1.3% at constant currency thanks to strict capacity

More information

Norwegian Air Shuttle ASA

Norwegian Air Shuttle ASA Norwegian Air Shuttle ASA Q4 2017 Presentation 15 February 2018 Highlights Q4 2017 Added one 737-800 and two 787-9s to operations Financed the first aircraft with a combination of UKEF and JOLCO Agreed

More information

2nd quarter 2005: Status and outlook

2nd quarter 2005: Status and outlook 2nd quarter 2005: Status and outlook Oslo, 18 Agenda Aker Group update Leif-Arne Langøy, CEO Details 2Q05 financials Bengt A Rem, CFO Aker Seafoods 2Q status and outlook Yngve Myhre, CEO Aker American

More information

AEROFLOT ANNOUNCES FY 2017 IFRS FINANCIAL RESULTS

AEROFLOT ANNOUNCES FY 2017 IFRS FINANCIAL RESULTS AEROFLOT ANNOUNCES FY 2017 IFRS FINANCIAL RESULTS Moscow, 1 March 2018 Aeroflot Group ( the Group, Moscow Exchange ticker: AFLT) today publishes its audited financial statements in accordance with International

More information

Finnair Group Interim Report 1 January 31 March 2008

Finnair Group Interim Report 1 January 31 March 2008 Finnair Group Interim Report 1 January 31 March 2008 1 29/04/2008 Presentation name / Author Outlook for the industry less positive Growth of demand declining due to uncertainty of global economy Growth

More information

Q1 Fiscal 2018 Statistics

Q1 Fiscal 2018 Statistics Q1 Fiscal 2018 Statistics FedEx Corporation Financial and Operating Statistics First Quarter Fiscal 2018 September 19, 2017 This report is a statistical supplement to FedEx s interim financial reports

More information

Finnair Group Interim Report 1 January 30 June 2008

Finnair Group Interim Report 1 January 30 June 2008 Finnair Group Interim Report 1 January 30 June 2008 1 08/08/2008 Presentation name / Author Airline industry at a historical turning point Fuel price has a stranglehold on the business Average ticket prices

More information

Presentation on Results for the 1st Quarter FY Idemitsu Kosan Co.,Ltd. August 14, 2017

Presentation on Results for the 1st Quarter FY Idemitsu Kosan Co.,Ltd. August 14, 2017 Presentation on Results for the 1st Quarter FY 2017 Idemitsu Kosan Co.,Ltd. August 14, 2017 Table of Contents 1. FY 2017 1st Quarter Financials (1) Overview (2) Segment Information 2. Reference Materials

More information

PRELIMINARY ACCOUNTS FOR 2012

PRELIMINARY ACCOUNTS FOR 2012 INTERIM REPORT FOR Q4 2012 AND INTERIM REPORT FOR Q4 2012 AND PRELIMINARY ACCOUNTS FOR 2012 HIGHLIGHTS Q4 with growth in volume and improved normalized EBITDA MNOK 261 improvement in normalized EBITDA

More information

Fact Sheet for Q4 and Full Year 2016 February 2, 2017

Fact Sheet for Q4 and Full Year 2016 February 2, 2017 Fact Sheet for Q4 and Full Year 2016 February 2, 2017 Contents Daimler Group Stock Market Information 3 Earnings and Financial Situation 4-13 Information for Divisions Mercedes-Benz Cars 14-17 Daimler

More information

FULL YEAR 2017 RESULTS STRONG OPERATING RESULT AND SIGNIFICANT STRENGTHENING OF THE FINANCIAL STRUCTURE

FULL YEAR 2017 RESULTS STRONG OPERATING RESULT AND SIGNIFICANT STRENGTHENING OF THE FINANCIAL STRUCTURE 16 February 2018 FULL YEAR 2017 RESULTS STRONG OPERATING RESULT AND SIGNIFICANT STRENGTHENING OF THE FINANCIAL STRUCTURE FULL YEAR 2017 Robust traffic statistics with 99 million passengers carried, up

More information

THIRD QUARTER 2017 RESULTS STRONG OPERATING RESULT DRIVEN BY SOLID TRAFFIC AND INCREASE IN UNIT REVENUE

THIRD QUARTER 2017 RESULTS STRONG OPERATING RESULT DRIVEN BY SOLID TRAFFIC AND INCREASE IN UNIT REVENUE 3 rd of November 2017 THIRD QUARTER 2017 RESULTS STRONG OPERATING RESULT DRIVEN BY SOLID TRAFFIC AND INCREASE IN UNIT REVENUE THIRD QUARTER 2017 The operating result stands at 1,022 million euros, up 38.7%

More information

Finnair Group Annual Report 1 January 31 December 2006

Finnair Group Annual Report 1 January 31 December 2006 Finnair Group Annual Report 1 January 31 December 2006 2006: A year for restructuring Scheduled Passenger Traffic transforming to meet Asian traffic demands Labour negotiations to cut 670 jobs 80 million

More information

FENIX OUTDOOR INTERNATIONAL AG Interim condensed consolidated financial statement for the period ended 30 September 2017

FENIX OUTDOOR INTERNATIONAL AG Interim condensed consolidated financial statement for the period ended 30 September 2017 FENIX OUTDOOR INTERNATIONAL AG Interim condensed consolidated financial statement for the period ended 30 September 2017 Third quarter 2017-07-01 2017-09-30 Period 2017-01-01 2017-09-30 Events after period

More information

FIRST QUARTER 2017 RESULTS. 4 May 2017

FIRST QUARTER 2017 RESULTS. 4 May 2017 FIRST QUARTER 2017 RESULTS 4 May 2017 A resilient start of the year, traffic up 4.2% 20.9 million passengers carried, up 5.2%, traffic (RPK) up 4.2%, capacity (ASK) up 3.3% and load factor up 0.7pts Confirmation

More information

Q3 Fiscal 2018 Statistics

Q3 Fiscal 2018 Statistics Q3 Fiscal 2018 Statistics FedEx Corporation Financial and Operating Statistics Third Quarter Fiscal 2018 March 20, 2018 This report is a statistical supplement to FedEx s interim financial reports and

More information

Q3 Fiscal 2017 Statistics

Q3 Fiscal 2017 Statistics Q3 Fiscal 2017 Statistics FedEx Corporation Financial and Operating Statistics Third Quarter Fiscal 2017 February 28, 2017 This report is a statistical supplement to FedEx s interim financial reports and

More information

ASUR 2Q11 PASSENGER TRAFFIC UP 2.89% YOY

ASUR 2Q11 PASSENGER TRAFFIC UP 2.89% YOY In Mexico ASUR Lic. Adolfo Castro (52) 5552-84-04-08 acastro@asur.com.mx In the U.S. Breakstone Group Susan Borinelli (646) 330-5907 sborinelli@breakstone-group.com ASUR 2Q11 PASSENGER TRAFFIC UP 2.89%

More information

JAPAN AIRLINES Co., Ltd. Financial Results 1 st Quarter Mar/2018(FY2017)

JAPAN AIRLINES Co., Ltd. Financial Results 1 st Quarter Mar/2018(FY2017) JAPAN AIRLINES Co., Ltd. Financial Results Mar/2018(FY2017) July 31, 2017 Today s Topics P.1 P.2 P.3 P.4~ P.6~ P.15~ Overview of Financial Results for Mar/18 Mar/18 (FY2017) 1 st quarter resulted in an

More information

Interim report January March May 2016 FINNLINES Q1

Interim report January March May 2016 FINNLINES Q1 Interim report January March 2016 11 May 2016 FINNLINES Q1 FINNLINES PLC INTERIM REPORT JANUARY-MARCH 2016 (unaudited) Stock Exchange Release 11 May 2016 at 13:15 JANUARY-MARCH 2016: Result for the reporting

More information

INTESA SANPAOLO VITA RESULTS AT 31 MARCH 2017 APPROVED:

INTESA SANPAOLO VITA RESULTS AT 31 MARCH 2017 APPROVED: INTESA SANPAOLO VITA RESULTS AT 31 MARCH 2017 APPROVED: Assets under management at 145,908.2 million euros (143,735.3 million euros at December 2016 +1.5%) Financial liabilities (unit and index linked)

More information

Cathay Pacific Airways 2011 Interim Results 10 August 2011

Cathay Pacific Airways 2011 Interim Results 10 August 2011 Cathay Pacific Airways 2011 Interim Results 10 August 2011 1 Interim Result 1H 2011 1H 2010 Group profit HK$2,808m HK$6,840m Group turnover HK$46,791 HK$41,337m Profit margin 6.0% 16.5% Return on capital

More information

El Al Israel Airlines announced today its financial results for the second quarter and the first half of 2017.

El Al Israel Airlines announced today its financial results for the second quarter and the first half of 2017. August 16, 2017 El Al Israel Airlines announced today its financial results for the second quarter and the first half of 2017. The Company's revenues in the second quarter of 2017 amounted to approx. USD

More information

JAPAN AIRLINES Co., Ltd. Financial Results 3 rd Quarter Mar/2018(FY2017) January 31, 2018

JAPAN AIRLINES Co., Ltd. Financial Results 3 rd Quarter Mar/2018(FY2017) January 31, 2018 JAPAN AIRLINES Co., Ltd. Financial Results 3 rd Quarter Mar/2018(FY2017) January 31, 2018 Today s Topics P.1 P.2 P.3 P.12 JAL Corporate Website the CONTRAIL Project Overview of Financial Results for 3

More information

1 2 23 24 15 16 7 8 9 Ancillary Revenue target per pax RM55 10 Online 365 11 212 13 14 14 Quarter Ended: 31 March RM'000 Revenue 2,068,227 Operating expenses: - Staff costs (286,663) - Depreciation

More information

FINANCIAL YEAR Key data

FINANCIAL YEAR Key data March 8 th, 2012 FINANCIAL YEAR 2011 2011: A TOUGH YEAR Economic environment and geopolitical crises weigh on activity Insufficient level of unit revenues to absorb higher fuel bill Revenues up 4.5% to

More information

Full Year 2017 RESULTS 16 th of February 2018

Full Year 2017 RESULTS 16 th of February 2018 Full Year 2017 RESULTS 16 th of February 2018 2017 FULL YEAR 2017 MAIN ACHIEVEMENTS Robust traffic statistics Strong Full Year results +5.6% +2.0% 42% +101% 1,049 1,488 347 696 FY 2016 FY 2017 Passengers

More information

El Al Israel Airlines announced today its financial results for the year 2016 and the fourth quarter of the year:

El Al Israel Airlines announced today its financial results for the year 2016 and the fourth quarter of the year: El Al Israel Airlines announced today its financial results for the year 2016 and the fourth quarter of the year: The Company's revenues in 2016 amounted to approx. USD 2,038 million, compared to approx.

More information

Finnair Q result. 25 October 2017 CEO Pekka Vauramo

Finnair Q result. 25 October 2017 CEO Pekka Vauramo Finnair Q3 2017 result 25 October 2017 CEO Pekka Vauramo 1 All-time best quarter Revenue up by 15% to record level of 735 M Aircraft flew full, passenger load factor was 87% Asian routes and San Francisco

More information

LATAM AIRLINES GROUP RECORDS A 50.1% INCREASE IN OPERATING INCOME AND A US$93.9 MILLION NET PROFIT IN THE FIRST QUARTER OF 2018

LATAM AIRLINES GROUP RECORDS A 50.1% INCREASE IN OPERATING INCOME AND A US$93.9 MILLION NET PROFIT IN THE FIRST QUARTER OF 2018 LATAM AIRLINES GROUP RECORDS A 50.1% INCREASE IN OPERATING INCOME AND A US$93.9 MILLION NET PROFIT IN THE FIRST QUARTER OF 2018 Santiago, Chile, May 8, 2018 LATAM Airlines Group S.A. (NYSE: LTM; IPSA:

More information

4Q15 and 2015 Results Presentation. March 30, 2016

4Q15 and 2015 Results Presentation. March 30, 2016 4Q15 and 2015 Results Presentation March 30, 2016 Highlights Paulo Kakinoff CEO Highlights Macro Environment Even more adverse environment for the Brazilian economy, with a GDP drop of 3.8% in 2015 Devaluation

More information

Q1 Fiscal 2011 Statistics

Q1 Fiscal 2011 Statistics Q1 Fiscal 2011 Statistics FedEx Corporation Financial and Operating Statistics First Quarter Fiscal 2011 September 16, 2010 This report is a statistical supplement to FedEx s interim financial reports

More information

Q3 Fiscal 2011 Statistics

Q3 Fiscal 2011 Statistics Q3 Fiscal 2011 Statistics FedEx Corporation Financial and Operating Statistics Third Quarter Fiscal 2011 March 17, 2011 This report is a statistical supplement to FedEx s interim financial reports and

More information

Webjet Limited ABN Interim Report

Webjet Limited ABN Interim Report ABN 68 002 013 612 Half-Year Ended 31 December 2017 And Controlled Entities Corporate Information Directors Roger Sharp (Chairman and Independent Non-Executive Director) John Guscic (Managing Director)

More information

Icelandair Group Financial Results for the first half and Q2 2007

Icelandair Group Financial Results for the first half and Q2 2007 Icelandair Group Financial Results for the first half and Q2 2007 Total revenue for H1 2007 was ISK 28.1 billion compared to ISK 24.1 billion for H1 2006, an increase of 17%. Total revenue for Q2 2007

More information

Results 3 rd Quarter 2003

Results 3 rd Quarter 2003 Grupo Posadas, s, S.A. de C.V. & Subsidiaries October 28 th, 2003 Results 3 rd Quarter 2003 Total revenue and EBITDA increased by 10 and 12 % respectively Coastal hotels continue to improve, rates on urban

More information

THAI AIRWAYS INTERNATIONAL PCL

THAI AIRWAYS INTERNATIONAL PCL THAI AIRWAYS INTERNATIONAL PCL 2Q2017 analysts briefing 16-Aug-2017 1 DISCLAIMER The information contained herein is intended to represent the Company s operating and financial position at a given point

More information

P esent n atio i n o n f or o H alf l Y e Y ar E n E d n e d d d 31 D ecemb m e b r 2 008

P esent n atio i n o n f or o H alf l Y e Y ar E n E d n e d d d 31 D ecemb m e b r 2 008 Queensland WA & QLD Report Summary Strong revenue growth of 61.8% to $234.5m Strong cash flow from operations of $20.9m Net debt to equity 23.2% Underlying net profit of $8.2m (before goodwill impairment

More information

2017 A year of strong growth Finnair Q4 and FY 2017 result

2017 A year of strong growth Finnair Q4 and FY 2017 result 2017 A year of strong growth Finnair Q4 and FY 2017 result 16.2.2018 Pekka Vauramo 1 A record Q4 concluded a strong year 2017 Comparable operating result at record level, 22.9 million euro (Q4 2016: 1.6)

More information

Conference Call 1Q14 Results. Investor Relations May 15, 2014

Conference Call 1Q14 Results. Investor Relations May 15, 2014 Conference Call Results Investor Relations May 15, 2014 1 Highlights 2 Highlights Net revenues of R$2.5 billion in the quarter, an increase of 20% or R$411 million quarter-over-quarter; EBIT totaled R$144

More information

Investor Presentation

Investor Presentation TUI Group Investor Presentation WestLB Deutschland Conference 2010 17 November 2010 TUI AG Investor Relations Seite 1 Future-related related statements This presentation contains a number of statements

More information

HK GAAP RESULTS RELEASE 25 February 2008 STAR CRUISES GROUP ANNOUNCES FOURTH QUARTER AND FULL YEAR RESULTS FOR 2007

HK GAAP RESULTS RELEASE 25 February 2008 STAR CRUISES GROUP ANNOUNCES FOURTH QUARTER AND FULL YEAR RESULTS FOR 2007 HK GAAP RESULTS RELEASE 25 February 2008 FOR IMMEDIATE RELEASE INTERNATIONAL STAR CRUISES GROUP ANNOUNCES FOURTH QUARTER AND FULL YEAR RESULTS FOR 2007 Key points for the quarter in comparison with 4Q

More information

THIRD QUARTER 2017 RESULTS 3 rd of November 2017

THIRD QUARTER 2017 RESULTS 3 rd of November 2017 THIRD QUARTER 2017 RESULTS 3 rd of November 2017 2017 THIRD QUARTER 2017: STRONG OPERATING RESULT DRIVEN BY SOLID TRAFFIC AND INCREASE IN UNIT REVENUE Robust Group traffic statistics +5.1% +4.1% Strong

More information

Record results driven by traffic growth and its positive dynamic, which has supported all key economic margins.

Record results driven by traffic growth and its positive dynamic, which has supported all key economic margins. PRESS RELEASE AEROPORTO GUGLIELMO MARCONI DI BOLOGNA: The Board of Directors approves draft and consolidated financial statements as at December, 31 2016. Record results driven by traffic growth and its

More information

THIRD QUARTER 2017 Martin Lundstedt, President and CEO

THIRD QUARTER 2017 Martin Lundstedt, President and CEO THIRD QUARTER 2017 Martin Lundstedt, President and CEO Volvo Group THIRD QUARTER HIGHLIGHTS Net sales +12% (+16% excl. currency) Continued improved profitability for the Group - Trucks adjusted operating

More information

Annual General Meeting

Annual General Meeting Annual General Meeting Aker Philadelphia Shipyard ASA Oslo, 2 April 2009 Presentation of Business Activities Aker Philadelphia Shipyard ASA Slide 2 Company Overview A U.S. shipyard that utilizes state-of-the-art

More information

ABX HOLDINGS, INC. Shareholders Meeting. May 13, 2008

ABX HOLDINGS, INC. Shareholders Meeting. May 13, 2008 Shareholders Meeting May 13, 2008 1 1 1 Safe Harbor Statement Except for historical information contained herein, the matters discussed in this presentation contain forward-looking statements that involve

More information

THIRD QUARTER 2016 RESULTS. 3 November 2016

THIRD QUARTER 2016 RESULTS. 3 November 2016 THIRD QUARTER 2016 RESULTS 3 November 2016 Highlights of the Third Quarter 2016 Environment Operations Financial highlights Strong increase in airline industry capacity Terrorist attacks in Europe resulting

More information

COMBINED FINANCIAL STATEMENTS

COMBINED FINANCIAL STATEMENTS Reach new markets COMBINED FINANCIAL STATEMENTS Seek out opportunities Lead through innovation BHP BILLITON LIMITED ANNUAL REPORT 2005 BHP Billiton is a Dual Listed Company comprising BHP Billiton Limited

More information

Interim Results for the Six Months ended 28 February 2017

Interim Results for the Six Months ended 28 February 2017 Interim Results for the Six Months ended 28 February 2017 The Group is pleased to announce its interim results for the six months ended 28 February 2017. Formation Group is focused solely on property development

More information

Q1 Fiscal 2009 Statistics

Q1 Fiscal 2009 Statistics Q1 Fiscal 2009 Statistics FedEx Corporation Financial and Operating Statistics First Quarter Fiscal 2009 September 18, 2008 This report is a statistical supplement to FedEx s interim financial reports

More information

SKYWEST, INC. ANNOUNCES THIRD QUARTER 2014 RESULTS

SKYWEST, INC. ANNOUNCES THIRD QUARTER 2014 RESULTS NEWS RELEASE For Further Information Contact: Investor Relations Telephone: (435) 634-3203 Fax: (435) 634-3205 FOR IMMEDIATE RELEASE: October 29, 2014 SKYWEST, INC. ANNOUNCES THIRD QUARTER 2014 RESULTS

More information

ANALYST MEETING PT GARUDA INDONESIA (PERSERO) Tbk. 9M2015 Result Announcement Jakarta, 23 October 2015

ANALYST MEETING PT GARUDA INDONESIA (PERSERO) Tbk. 9M2015 Result Announcement Jakarta, 23 October 2015 ANALYST MEETING PT GARUDA INDONESIA (PERSERO) Tbk. 9M2015 Result Announcement Jakarta, 23 October 2015 1 Agenda Hal 1. Company Profile 3 8 2. Operational Performance 9 13 3. Financial Performance 14 20

More information

DFDS A/S H Analyst meeting 30 August 2006

DFDS A/S H Analyst meeting 30 August 2006 DFDS A/S H1 2006 Analyst meeting 30 August 2006 DFDS A/S Contents The half-year in brief Strategy on track DFDS Seaways DFDS Tor Line Half-year accounts & profit forecast 2006 DFDS A/S H1 2006 in brief

More information

Cathay Pacific Airways

Cathay Pacific Airways Cathay Pacific Airways Interim Results for the six months ended 30 th June 2014 13th August 2014 1 Interim Results 1H2014 1H2013 Change Profit attributable to the shareholders of Cathay Pacific HK$ million

More information

Forward-Looking Statements Statements in this presentation that are not historical facts are "forward-looking" statements and "safe harbor

Forward-Looking Statements Statements in this presentation that are not historical facts are forward-looking statements and safe harbor 2017 Annual Meeting of Shareholders Presentation May 2017 Forward-Looking Statements Statements in this presentation that are not historical facts are "forward-looking" statements and "safe harbor statements"

More information

Annual Results Air New Zealand

Annual Results Air New Zealand Annual Results 2011 Air New Zealand Highlights Normalised earnings* $75m Net cash position of $860m Operating cash flow down 5% Gearingat467% at 46.7% Final dividend 2.5 cents per share (unimputed) New

More information

Indiabulls Real Estate Limited (CIN : L45101DL2006PLC148314)

Indiabulls Real Estate Limited (CIN : L45101DL2006PLC148314) Indiabulls Real Estate Limited (CIN : L45101DL2006PLC148314) Earnings Update Audited Financial Results FY 2013-14 April 23, 2014 Safe Harbor Statement This document contains certain forward looking statements

More information

Financial Results Q2 FY December 2017

Financial Results Q2 FY December 2017 Financial Results Q2 FY18 07 December 2017 2 Key Highlights Q2FY18 Net profit after tax of INR 71cr Ten successive profitable quarters for the Group Net debt reduced during the quarter by INR 194cr Continued

More information

QANTAS AIRWAYS LIMITED AND CONTROLLED ENTITIES APPENDIX 4D AND CONSOLIDATED INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2008

QANTAS AIRWAYS LIMITED AND CONTROLLED ENTITIES APPENDIX 4D AND CONSOLIDATED INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2008 AND CONTROLLED ENTITIES APPENDIX 4D AND FOR THE HALF-YEAR ENDED 31 DECEMBER 2008 ABN 16 009 661 901 ASX CODE: QAN TABLE OF CONTENTS ASX Appendix 4D Results for Announcement to the Market 1 Other Information

More information

Q Earnings Financial Results for the Third Quarter Ended December 31, January 29, 2015 OMRON Corporation

Q Earnings Financial Results for the Third Quarter Ended December 31, January 29, 2015 OMRON Corporation Q3 2014 Earnings Financial Results for the Third Quarter Ended December 31, 2014 January 29, 2015 OMRON Corporation Contents 1. Summary 2. Q1-Q3 Results P. 2 P. 4 3. Full-Year Forecast P. 13 4. Corporate

More information

QANTAS ANNOUNCES PROFIT RESULT YEAR ENDED 30 JUNE 2009

QANTAS ANNOUNCES PROFIT RESULT YEAR ENDED 30 JUNE 2009 QANTAS ANNOUNCES PROFIT RESULT YEAR ENDED 30 JUNE 2009 HIGHLIGHTS Profit before tax of $181 million, in a year when the International Air Transport Association forecast US$9 billion in losses for global

More information

INTESA SANPAOLO S.p.A. INTESA SANPAOLO BANK IRELAND p.l.c. 70,000,000,000 Global Medium Term Note Programme

INTESA SANPAOLO S.p.A. INTESA SANPAOLO BANK IRELAND p.l.c. 70,000,000,000 Global Medium Term Note Programme PROSPECTUS SUPPLEMENT INTESA SANPAOLO S.p.A. (incorporated as a società per azioni in the Republic of Italy) as Issuer and, in respect of Notes issued by Intesa Sanpaolo Bank Ireland p.l.c., as Guarantor

More information

Presentation on Results for the 3rd Quarter FY Idemitsu Kosan Co.,Ltd. February 14, 2018

Presentation on Results for the 3rd Quarter FY Idemitsu Kosan Co.,Ltd. February 14, 2018 Presentation on Results for the 3rd Quarter FY 2017 Idemitsu Kosan Co.,Ltd. February 14, 2018 Table of Contents 1. FY 2017 3rd Quarter Results (1) Overview (2) Segment Information 2. Forecast for FY2017

More information

Half Year F1 Results. November 4, 2015

Half Year F1 Results. November 4, 2015 Half Year F1 Results November 4, 2015 F17 Q1 Results 20 JULY 2016 Q1 BUSINESS HIGHLIGHTS Passenger growth of 18% to 5.8m pax on 17% seat growth Record underlying profit of 38.6m (+14%) despite Easter effect

More information

THAI AIRWAYS INTERNATIONAL PCL

THAI AIRWAYS INTERNATIONAL PCL THAI AIRWAYS INTERNATIONAL PCL PHATRA SECURITIES PCL Thai Tourism Day July 4, 2013 1 http://www.thaiairways.com/about-thai/investor-relations/en/investor.html DISCLAIMER The information contained herein

More information

Output volume and order backlog at record levels Renewed significant increases in net profit and operating profit Dividend bonus announced

Output volume and order backlog at record levels Renewed significant increases in net profit and operating profit Dividend bonus announced Bilfinger Berger AG Carl-Reiss-Platz 1-5 68165 Mannheim Germany www.bilfingerberger.com Contact: Sascha Bamberger Phone: +49 6 21/4 59-24 55 Fax: +49 6 21/4 59-25 00 E-mail: sbam@bilfinger.de Date: February

More information

SECOND QUARTER 2017 Martin Lundstedt, President and CEO

SECOND QUARTER 2017 Martin Lundstedt, President and CEO SECOND QUARTER 2017 Martin Lundstedt, President and CEO Volvo Group SECOND QUARTER HIGHLIGHTS Net sales +12% (+6% excl. currency) Continued improved profitability for the Group - Trucks adjusted operating

More information

Civil Aviation, Annual Operating and Financial Statistics, Canadian Air Carriers, Levels I to III

Civil Aviation, Annual Operating and Financial Statistics, Canadian Air Carriers, Levels I to III Catalogue no. 51-004-X Vol. 49, no. 4. Aviation Civil Aviation, Annual Operating and Financial Statistics, Canadian Air Carriers, Levels I to III 2015. Highlights In 2015, Canadian Level I to III air carriers

More information

Analyst and Investor Conference Call Q Frankfurt, 25 October 2017

Analyst and Investor Conference Call Q Frankfurt, 25 October 2017 Analyst and Investor Conference Call Q3 2017 Frankfurt, 25 October 2017 Disclaimer The information herein is based on publicly available information. It has been prepared by the Company solely for use

More information

ORIENT-EXPRESS HOTELS ANNOUNCES FOURTH QUARTER AND FULL YEAR 2004 RESULTS

ORIENT-EXPRESS HOTELS ANNOUNCES FOURTH QUARTER AND FULL YEAR 2004 RESULTS Contact: William W. Galvin Tel: +1 203 618 9800 James Struthers Orient-Express Hotels Ltd Tel: +44 20 7805 5230 ORIENT-EXPRESS HOTELS ANNOUNCES FOURTH QUARTER AND FULL YEAR 2004 RESULTS. EXCLUDING GAIN

More information

Low price level and restructuring costs weigh on result for first six months of year

Low price level and restructuring costs weigh on result for first six months of year FINNAIR GROUP FINANCIAL STATEMENT JANUARY 1 JUNE 30, 2006 Low price level and restructuring costs weigh on result for first six months of year Summary of second quarter key figures April 1 June 30, 2006

More information

FULL YEAR OPERATING PROFIT RISES TO $259 MILLION 25 CENTS SPECIAL DIVIDEND PROPOSED OUTLOOK REMAINS CHALLENGING

FULL YEAR OPERATING PROFIT RISES TO $259 MILLION 25 CENTS SPECIAL DIVIDEND PROPOSED OUTLOOK REMAINS CHALLENGING 8 May 2014 Page 1 of 5 No. 02/14 8 May 2014 FULL YEAR OPERATING PROFIT RISES TO $259 MILLION 25 CENTS SPECIAL DIVIDEND PROPOSED OUTLOOK REMAINS CHALLENGING GROUP FINANCIAL PERFORMANCE Financial Year 2013-14

More information

Investor Relations Update January 25, 2018

Investor Relations Update January 25, 2018 General Overview Investor Relations Update Accounting Changes On January 1, 2018, the company adopted two new Accounting Standard Updates: (ASUs): ASU 2014-9: Revenue from Contracts with Customers (the

More information

PRESS RELEASE AEROPORTO GUGLIELMO MARCONI DI BOLOGNA S.p.A.: the Board of Directors approves the Group Q Results.

PRESS RELEASE AEROPORTO GUGLIELMO MARCONI DI BOLOGNA S.p.A.: the Board of Directors approves the Group Q Results. PRESS RELEASE AEROPORTO GUGLIELMO MARCONI DI BOLOGNA S.p.A.: the Board of Directors approves the Group Q1 2017 Results. Passenger traffic reached approx. 1.6 million passengers (+4.6% versus 2016), thanks

More information

Istanbul Technical University Air Transportation Management, M.Sc. Program Aviation Economics and Financial Analysis Module 2 November 2014

Istanbul Technical University Air Transportation Management, M.Sc. Program Aviation Economics and Financial Analysis Module 2 November 2014 Sources of Finance Istanbul Technical University Air Transportation Management, M.Sc. Program Aviation Economics and Financial Analysis Module 2 November 2014 Outline A. Introduction to airline finance

More information

TUI Group Investor Presentation

TUI Group Investor Presentation TUI Group Investor Presentation WestLB Deutschland Conference Frankfurt, 18-19 November 2009 TUI AG Investor Relations Seite 1 Agenda I. Group overview II. Financials III. Outlook 2009 IV. Financing update

More information

Volaris Reports Second Quarter 2017 Results: 26% Adjusted EBITDAR Margin. Non-Ticket Revenues Reached 29%

Volaris Reports Second Quarter 2017 Results: 26% Adjusted EBITDAR Margin. Non-Ticket Revenues Reached 29% Volaris Reports Second Quarter 2017 Results: 26% Adjusted EBITDAR Margin. Non-Ticket Revenues Reached 29% Mexico City, Mexico, July 21, 2017 Volaris* (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline

More information

Investor Relations Department

Investor Relations Department THAI AIRWAYS INTERNATIONAL Plc. (Year 2008) 1 Table of Contents 1. The Company 2. Statistical Information 3. Tentative Aircraft Delivery 4. Financial Performance 5. Going Forward 2 1. The Company 3 The

More information

Qantas Airways Limited FY17 Results Supplementary Presentation

Qantas Airways Limited FY17 Results Supplementary Presentation Qantas Airways Limited FY17 Results Supplementary Presentation 25 August 2017 ASX:QAN US OTC:QABSY Group Performance FY17 Key Group Financial Metrics FY17 FY16 VLY % 10 Comments Underlying PBT 1 ($M) 1,401

More information

QANTAS AIRWAYS LIMITED AND ITS CONTROLLED ENTITIES

QANTAS AIRWAYS LIMITED AND ITS CONTROLLED ENTITIES AND ITS CONTROLLED ENTITIES FOR THE FINANCIAL YEAR ENDED 30 JUNE ABN: 16 009 661 901 ASX CODE: QAN ASX APPENDIX 4E Table of Contents ASX APPENDIX 4E Results for Announcement to the Market 2 Other Information

More information

Handelsbanken Nordic Large Cap Seminar

Handelsbanken Nordic Large Cap Seminar Handelsbanken Nordic Large Cap Seminar BJÖRN ROSENGREN, PRESIDENT AND CEO 10 SEPTEMBER 2012 Wärtsilä This is Wärtsilä POWER PLANTS SHIP POWER SERVICES 2 Wärtsilä Global net sales - top 10 countries Norway

More information

2006 Interim Results. 16 August 2006

2006 Interim Results. 16 August 2006 2006 Interim Results 16 August 2006 Sir David John Anthony Rabin Headline numbers First half 2005 First half 2006 Revenue 2,308m 2,773m +20% Pre-tax profit* 52m 60m +15% Adjusted eps* 9.3p 11.4p +23% Interim

More information

2Q 2013 presentation Oslo, 11 July 2013

2Q 2013 presentation Oslo, 11 July 2013 Fred. Olsen Energy ASA 2Q 2013 presentation Oslo, 11 July 2013 1 AGENDA FINANCIAL RESULT 2Q 2013 MARKETS OPERATIONS SUMMARY 2 Income Statement Key Figures (NOK mill) 2Q 2013 1Q 2013 Operating revenues

More information

2014 Half Year Results Virgin Australia Holdings Limited 28 February 2014

2014 Half Year Results Virgin Australia Holdings Limited 28 February 2014 2014 Half Year Results Virgin Australia Holdings Limited 28 February 2014 Half year in review Australian aviation market continues to face challenging conditions, ongoing subdued consumer sentiment and

More information

GIAA In Flash YTD September 2015

GIAA In Flash YTD September 2015 GIAA In Flash YTD September 2015 Garuda Indonesia Group (GIAA) Continues its Green Performance in Challenging Market Picture s source: www.google.com The 3rd quater in 2015 is a tough period for GIAA bussines.

More information

FULL-YEAR OPERATING PROFIT UP $151 MILLION AMID LOWER FUEL COSTS

FULL-YEAR OPERATING PROFIT UP $151 MILLION AMID LOWER FUEL COSTS 14 May 2015 Page 1 of 7 No. 02/15 14 May 2015 FULL-YEAR OPERATING PROFIT UP $151 MILLION AMID LOWER FUEL COSTS Net profit constrained by non-operating items 17-cent final dividend proposed Challenging

More information

Forward looking statements

Forward looking statements Forward looking statements This presentation contains forward-looking statements. Forward-looking statements often include words such as anticipate", "expect", "intend", "plan", "believe, continue or similar

More information

Air Canada Reports 2017 Annual Results

Air Canada Reports 2017 Annual Results Air Canada Reports 2017 Annual Results Operating income of $1.364 billion and record EBITDAR of $2.921 billion Record operating revenues of $16.252 billion Leverage ratio of 2.1 and unrestricted liquidity

More information

RYANAIR FULL YEAR RESULTS AHEAD OF EXPECTATIONS RECORD NET PROFIT OF 302M AS TRAFFIC GROWS TO 35M

RYANAIR FULL YEAR RESULTS AHEAD OF EXPECTATIONS RECORD NET PROFIT OF 302M AS TRAFFIC GROWS TO 35M RYANAIR FULL YEAR RESULTS AHEAD OF EXPECTATIONS RECORD NET PROFIT OF 302M AS TRAFFIC GROWS TO 35M Ryanair, Europe s No.1 low fares airline today (Tuesday, 6 June 2006) announced record after tax profits

More information

UBS 14 th Global Emerging Markets Conference. New York, November 2016

UBS 14 th Global Emerging Markets Conference. New York, November 2016 UBS 14 th Global Emerging Markets Conference New York, November 2016 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating

More information

Interim Results 2017

Interim Results 2017 Interim Results DART GROUP PLC Interim Results Dart Group PLC, the Leisure Travel and Distribution & Logistics Group ( the Group ), announces its unaudited interim results for the half year. These results

More information

Annual General Meeting. 13 June 2017

Annual General Meeting. 13 June 2017 Annual General Meeting 13 June 2017 Agenda 1. Approval of the Annual Report of the financial year 2016 of AS Tallink Grupp 2. Proposal on distribution of profits 3. Extension of authorities of the members

More information

1st quarter 2005: Status and outlook

1st quarter 2005: Status and outlook 1st quarter 2005: Status and outlook Leif-Arne Langøy, President & CEO Bengt A Rem, CFO Oslo, 28 Agenda Group update Details 1Q05 performance Closing remarks Q&A Leif-Arne Langøy Bengt A Rem Leif-Arne

More information

QANTAS AIRWAYS LIMITED AND CONTROLLED ENTITIES CONSOLIDATED INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2007

QANTAS AIRWAYS LIMITED AND CONTROLLED ENTITIES CONSOLIDATED INTERIM FINANCIAL REPORT FOR THE HALF-YEAR ENDED 31 DECEMBER 2007 AND CONTROLLED ENTITIES FOR THE HALF-YEAR ENDED 31 DECEMBER 2007 ABN 16 009 661 901 ASX CODE: QAN TABLE OF CONTENTS ASX Appendix 4D Results for Announcement to the Market 1 Other Information 2 Directors'

More information