3rd Quarter 2004: Status and outlook

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "3rd Quarter 2004: Status and outlook"

Transcription

1 3rd Quarter 2004: Status and outlook Leif-Arne Langøy, President & CEO Bengt A Rem, CFO Oslo, 26 November 2004 Agenda Group update Details 3Q04 performance Concluding remarks Q&A session Leif-Arne Langøy Bengt A. Rem Leif-Arne Langøy The figures in this presentation are pro forma and picture as if the restructuring was completed on 1 January All numbers are in NOK million unless stated otherwise. Aker 3Q04 presentation 2 1

2 Three centuries of Aker history Est 1841 Peter Steenstrup First CEO Kjell I Røkke Main owner Oluf A Onsum, founder Norcem (offshore, cement) RGI Davy/John Brown/Trafalgar Kværner Masa-Yards Aker Kværner Aker Yards Aker Seafoods Aker Matr Handl Aker 3Q04 presentation 3 Group structure Ownership Parent and holding companies 58% 75% 100% 100% Illustration Aker Kværner Aker Yards Aker Seafoods No plan to reduce ownership in main business units Aker Material Handling Other Aker 3Q04 presentation 4 2

3 Group highlights Record order backlog: NOK 56 billion Main markets develop favourably Aker is well positioned with its technology and solutions 3Q profits on track NOK 1.8 billion EBITDA Reduced revenues in Aker Yards, continued good operations Strong profit growth in Aker Kværner. Improved performance in Aker Seafoods and Aker Material Handling Sound financial platform Restructuring completed with listing of Short-term debt repaid and refinanced Aker 3Q04 presentation 5 Key indicators 60 Backlog (NOK bn) 60 Revenues (NOK bn) 2,5 EBITDA (NOK bn) ,0 Other ,5 Aker Material Handling ,0 Aker Seafoods ,5 0,0 Aker Yards Aker Kværner 0 end 2003 YTD YTD 2003 YTD ,5 YTD 2003 YTD 2004 Aker 3Q04 presentation 6 3

4 and holding companies Strong financial structure Kværner Aker Yards 7.2 bn 8.3 bn = NOK 108 per Aker share* = NOK 94 per Aker share* Aker Kværner Market value listed shares (25 Nov 2004) Aker 3Q04 presentation 7 Book value listed and unlisted investments Internal debt External debt 3.1 bn 0.9 bn 2.2 bn Gross debt 1.9 bn Cash and IB assets 1.2 bn Net IB liabilities = NOK 15 per Aker share* * Adjusted for shares owned by Aker 3Q Highlights Aker Kværner Profits continue to climb, targets confirmed Record order backlog, generally strong markets Good progress in projects Key figures 3Q 3Q YTD YTD (in NOK million) Revenues EBITDA Order intake Order backlog * * Employees * * Aker 3Q04 presentation 8 * At end of period 4

5 Aker Kværner Strong order intake Order intake (NOK mill) Ormen Lange MIC Kashagan topsides Frigg decom (booked in 4Q) 0 3Q 03 4Q 03 1Q 04 2Q 04 3Q 04 Aker 3Q04 presentation 9 Aker Kværner World-class product companies Approx dedicated employees in specialised companies Aker 3Q04 presentation 10 5

6 3Q Highlights Aker Yards Margins still satisfactory, activity reduced Strong order intake 2004 targets revised up Good progress in projects Key figures 3Q 3Q YTD YTD (in NOK million) Revenues EBITDA Order intake Order backlog * * Employees * * Aker 3Q04 presentation 11 * At end of period Aker Yards Strong order intake Order intake (NOK mill) 3Q 03 4Q 03 1Q 04 2Q 04 3Q 04 Icebreaking PSVs Icebreaking CV Ultra-Voyager PSVs Aker 3Q04 presentation 12 6

7 Aker Yards Timely change initiatives The new Aker Finnyards The new Aker Brattvaag One company, 3 yards New name Aker Finnyards Oy Work groups identify potential synergies, needed actions and org changes One group comprising all yards in the Northwest region in Norway Goal: to increase competitiveness Initiated 7 June 2004, and implemented pr 1 October 2004 Aker 3Q04 presentation 13 3Q Highlights Aker Seafoods Strong sales, margins under pressure in Europe Limited harvesting Surimi market improves Key figures 3Q 3Q YTD YTD (in NOK million) Operating revenues EBITDA Employees 1 274* 1 250* Aker 3Q04 presentation 14 * At end of period 7

8 Aker Seafoods Group overview Revenues split Aker Seafoods Corp 19 % 81 % Norway Seafoods JFK Seafood 1 factory trawler Harvesting 18 licences 12 trawlers ASC Far East 2 factory trawlers Processing 8 process plants ASC South America 2 factory trawlers 3 long-liners Distribution Pan-European network Aker 3Q04 presentation 15 Norway Seafoods Value chain Catch MT Purchased MT Onshore processing = MT Market Havfisk Lofoten Trålerrederi Hammerfest Industrifiske Own facilities in Norway and Denmark MT External MT Production Norway MT Production Denmark MT Round fish to market MT Frozen products Fresh products Other consumer products 55% 40% 5% Aker 3Q04 presentation 16 8

9 Norway Seafoods in blue-green alliance Fresh fish on the dinner plate 364 days a year Strategic alliances Harvesting and landing Onshore processing Sale & Marketing Distribution in pan-european network Aker 3Q04 presentation 17 Norway s fisheries Inefficient catch pattern Fleet idle 6 months/year Tonnes catch People laid off Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Aker 3Q04 presentation 18 9

10 3Q Highlights Aker Material Handling Consolidation turn losses into profit in 3Q04 Increased order intake YTD Steel prices up, margins maintained Pro forma 3Q 3Q YTD YTD continuing business Revenues EBITDA Order intake Order backlog 216* 270* Employees 718* Aker 3Q04 presentation 19 * At end of period Aker Material Handling Consolidation EURO million Sales 2000 Fixed budget rates Matr UK & Fra Asia- Handl Pacific Divestitures Redirack Comms Constr 2003/ US Finland Cont busn revenues Aker 3Q04 presentation 20 10

11 Aker Material Handling Climbing towards sustainable profits EURO million Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct EBITDA 12-mnth revolving Aker 3Q04 presentation 21 Aker Material Handling Strong regional brands Relative share of sales 38% 22% 40% Factory: Hensmoen Norway Factory: Panningen Holland Factories: Laubach Halle Germany Sales offices Austria Belgium Czech Republic Denmark France Germany Holland Hungary Italy Norway Poland Sweden Switzerland Slovakia Aker 3Q04 presentation 22 11

12 Aker Material Handling Market segments Industrial storage systems Archive and filing systems Share of sales 70% 30% Pallet racks, shelving, machines Archives, shelves, filing systems/cabinets Aker 3Q04 presentation 23 Aker Material Handling Important VW award Volkswagen Baunatal, Germany With a contract value of EUR 2.3 million, the VW order is one of the biggest single orders for shelving systems in Germany VW to build two new warehouses at Baunatal facility Ordered Dexion HI280 shelving system shelves 80 x 46 metres shelves 37 x 23 metres Production at Hensmoen, Norway and Laubach, Germany Aker 3Q04 presentation 24 12

13 Agenda Group update Details 3Q04 performance Concluding remarks Q&A session Leif-Arne Langøy Bengt A. Rem Leif-Arne Langøy Aker 3Q04 presentation 25 Aker group consolidated EBITDA by main business 3Q 3Q YTD YTD Year (in NOK million) Op revenues EBITDA Aker Kværner Aker Yards Aker Seafoods Aker Material Handling * Other, eliminations * * Aker Material Handling numbers are pro forma for continuing business. This adjustment also affects eliminations Aker 3Q04 presentation 26 13

14 Aker group consolidated Income statement 3Q 3Q YTD YTD Year (in NOK million) Op revenues EBITDA Depreciation Amortisation Special operating items Operating profit (EBIT) Associated companies Net financial items Special financial items Profit before tax Tax Net profit Aker 3Q04 presentation 27 Aker group consolidated Balance sheet (in NOK million) Tangible and non-tangible fixed assets Other fixed assets Cash and interest bearing receivables Other current assets Total assets Shareholders equity Minority interests Subordinated liabilities Interest-bearing debt Interest-free debt Equity and liabilities Net interest bearing debt Equity ratio Aker 3Q04 presentation 28 14

15 and holding companies Balance sheet (in NOK million) Tangible and non-tangible fixed assets Long-term interest bearing items Long-term financial assets Other current assets Cash and interest bearing receivables Total assets Shareholders equity Non-interest bearing liabilities Interest bearing liabilities Equity and liabilities Net interest bearing debt Equity ratio 69 % 68 % Aker 3Q04 presentation 29 Aker Seafoods Key financials 3Q 3Q YTD YTD Year (in NOK million) Op revenues EBITDA Profit before tax Comments year to date Depreciation totalled NOK 117 million YTD 2004 Net financial items was NOK -55 million YTD 2004 Net interesting-bearing debt was NOK 361 million at end of September, down from NOK 456 million three months earlier Cash was NOK 138 million at end of September, up from NOK 38 million at the end of June Aker 3Q04 presentation 30 15

16 Aker Material Handling Key financials Actual numbers 3Q 3Q YTD YTD Year (in NOK million) Operating revenues EBITDA Profit before tax Order intake Order backlog 270* 237* Comments year to date Table shows actual numbers, reflecting past financial and operational structure. Proforma figures for continuing business are shown on slide 20 External debt reduced to approx NOK 290 million at the end of September, further reduced since to approx NOK 150 million Aker 3Q04 presentation 31 * At end of period and other activities Key financials 3Q 3Q YTD YTD Year (in NOK million) Operating revenues EBITDA Profit after tax Comments year to date Includes parent companies costs NOK 72 million Legend assets sold in 3Q This segment includes Atlas Stord Legend Properties Wyndmore and other companies in holding company structure NorSea Group (33,5%) Geco Triton Aker 3Q04 presentation 32 16

17 Agenda Group update Details 3Q04 performance Concluding remarks Q&A session Leif-Arne Langøy Bengt A. Rem Leif-Arne Langøy Aker 3Q04 presentation 33 Aker Material Handling Profitable Record order backlog Sound financial platform 17

18 Disclaimer This Presentation includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. These statements and this Presentation are based on current expectations, estimates and projections about global economic conditions, the economic conditions of the regions and industries that are major markets for and s (including subsidiaries and affiliates) lines of business. These expectations, estimates and projections are generally identifiable by statements containing words such as expects, believes, estimates or similar expressions. Important factors that could cause actual results to differ materially from those expectations include, among others, economic and market conditions in the geographic areas and industries that are or will be major markets for Aker's businesses, oil prices, market acceptance of new products and services, changes in governmental regulations, interest rates, fluctuations in currency exchange rates and such other factors as may be discussed from time to time in the Presentation. Although believes that its expectations and the Presentation are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved or that the actual results will be as set out in the Presentation. is making no representation or warranty, expressed or implied, as to the accuracy, reliability or completeness of the Presentation, and neither nor any of its directors, officers or employees will have any liability to you or any other persons resulting from your use. The Aker group consists of many legally independent entities, constituting their own separate identities. Aker is used as the common brand or trade mark for most of this entities. In this presentation we may sometimes use Aker", "Group, "we" or "us" when we refer to Aker companies in general or where no useful purpose is served by identifying any particular Aker company. Aker 3Q04 presentation 35 18

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

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

Pareto s annual Oil & Offshore Conference: Presentation of Kværner ASA Jan Arve Haugan, President & CEO

Pareto s annual Oil & Offshore Conference: Presentation of Kværner ASA Jan Arve Haugan, President & CEO Pareto s annual Oil & Offshore Conference: Presentation of Kværner ASA Jan Arve Haugan, President & CEO 1 HSE our licence to operate Our HSE mindset is a core value We: strive continuously for zero harm

More information

Nordic Energy Summit, Oslo Jan Arve Haugan, President & CEO

Nordic Energy Summit, Oslo Jan Arve Haugan, President & CEO Nordic Energy Summit, Oslo Jan Arve Haugan, President & CEO Kvaerner delivers amazing projects UPSTREAM DOWNSTREAM & INDUSTRIALS CONCRETE SOLUTIONS JACKETS CONTRACTORS NORWAY CONTRACTORS INTERNATIONAL

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

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

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

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

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

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

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

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

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

2012 RESULT PRESENTATION

2012 RESULT PRESENTATION 212 RESULT PRESENTATION BJÖRN ROSENGREN, PRESIDENT & CEO 25 JANUARY 213 Wärtsilä Net sales back to growth with stable profitability 212 development Order intake EUR 4,94 million, +9% Net sales EUR 4,725

More information

Presentasjon av Farstad Shipping ASA

Presentasjon av Farstad Shipping ASA Rederiforbundet 01.03.16 Presentasjon av Farstad Shipping ASA Karl-Johan Bakken - CEO Torstein L. Stavseng - CFO Farstad Shipping ASA Looking ahead from 2015 Dressing the Company for the Future Strategically

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

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

Wizz Air aims to increase market share with F17 capacity growth of 20% Q3 passenger growth of 20%, Load Factor of 88% (+2.3ppt)

Wizz Air aims to increase market share with F17 capacity growth of 20% Q3 passenger growth of 20%, Load Factor of 88% (+2.3ppt) Q3 F17 FINANCIAL RESULTS 1 FEBRUARY 2017 BUSINESS HIGHLIGHTS Current market conditions favour ULCCs Wizz Air aims to increase market share with F17 capacity growth of 20% Q3 passenger growth of 20%, Load

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

PRESS RELEASE VINCI QUARTERLY INFORMATION AT 30 SEPTEMBER 2014

PRESS RELEASE VINCI QUARTERLY INFORMATION AT 30 SEPTEMBER 2014 Rueil Malmaison, 23 October PRESS RELEASE VINCI QUARTERLY INFORMATION AT 30 SEPTEMBER Revenue at 30 September 1 : 28.4 billion (-1.5% like-for-like) Good performance in Concessions 1 : - VINCI Autoroutes

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

Fundamental Value and Profitable Growth

Fundamental Value and Profitable Growth - Fundamental Value and Profitable Growth Commerzbank German Investment Seminar 2010 Stephan Gemkow Member of the Executive Board & CFO Deutsche Lufthansa AG New York / January 11, 2010 Disclaimer This

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

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

TUI GROUP INVESTOR PRESENTATION

TUI GROUP INVESTOR PRESENTATION TUI GROUP INVESTOR PRESENTATION German Investment Conference UniCredit / Kepler Munich, 26-27 September 2012 Future-related statements This presentation contains a number of statements related to the future

More information

BUSINESS AVIATION TRAFFIC TRACKER EUROPE. April 2017

BUSINESS AVIATION TRAFFIC TRACKER EUROPE. April 2017 BUSINESS AVIATION TRAFFIC TRACKER EUROPE April 2017 DEPARTURES, ARRIVALS, INTERNALS AND OVERFLIGHTS (DAIO) REPORT TOTAL FLIGHTS Business Aviation (Single European Sky Area) Month Previous Arrival Departure

More information

Jumpstart 2017 Lukas Johnson SVP, Commercial. June 2017

Jumpstart 2017 Lukas Johnson SVP, Commercial. June 2017 Jumpstart 2017 Lukas Johnson SVP, Commercial June 2017 Forward looking statements This presentation as well as oral statements made by officers or directors of Allegiant Travel Company, its advisors and

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

Forward-looking Statements

Forward-looking Statements March 23, 2011 Forward-looking Statements This presentation contains certain forward-looking statements with respect to the Corporation. These forward-looking statements, by their nature, necessarily involve

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

Crown Resorts Limited

Crown Resorts Limited Crown Resorts Limited 2016 Half Year Results Presentation 25 February 2016 1 Crown Resorts Limited Results Overview Crown Resorts Limited (Crown) performance: The 2016 First Half results across Crown s

More information

ATWOOD OCEANICS, INC.

ATWOOD OCEANICS, INC. ATWOOD OCEANICS, INC. Bank of America Securities 2005 Energy Conference November 13 15, 2005 Forward Looking Disclaimer Except for the historical information contained herein, the matters discussed in

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

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

The Property Franchise Group

The Property Franchise Group The Property Franchise Group Capital Markets Event 22 October 2015 This afternoon s agenda 2 15:15 Welcome Richard Martin, Chairman 15:20 Introduction to MartinCo PLC Ian Wilson, Chief Executive Officer

More information

March 2015 compared with February 2015 Volume of retail trade down by 0.8% in euro area Down by 0.6% in EU28

March 2015 compared with February 2015 Volume of retail trade down by 0.8% in euro area Down by 0.6% in EU28 03-2006 06-2006 09-2006 12-2006 03-2007 06-2007 09-2007 12-2007 03-2008 06-2008 09-2008 12-2008 03-2009 06-2009 09-2009 12-2009 03-2010 06-2010 09-2010 12-2010 03-2011 06-2011 09-2011 12-2011 03-2012 06-2012

More information

German Investment Seminar

German Investment Seminar January 2018 German Investment Seminar Dr. Matthias Zieschang, CFO Tanja Nagel, IR Disclaimer This document has been prepared by Fraport solely for use in this presentation. The information contained in

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

AIRBUS FY 2017 ROADSHOW PRESENTATION

AIRBUS FY 2017 ROADSHOW PRESENTATION AIRBUS FY 2017 ROADSHOW PRESENTATION February 2018 SAFE HARBOUR STATEMENT 2 DISCLAIMER This presentation includes forward-looking statements. Words such as anticipates, believes, estimates, expects, intends,

More information

A year in perspective - a review of the European hotel market and outlook. Nick van Marken Chris Rouse Mark Finnie

A year in perspective - a review of the European hotel market and outlook. Nick van Marken Chris Rouse Mark Finnie A year in perspective - a review of the European hotel market and outlook Nick van Marken Chris Rouse Mark Finnie 1 Nick van Marken 2 Where were we pre-9/11? Economic environment volatility in global markets

More information

Prospects for international tourism

Prospects for international tourism Prospects for international tourism Project LINK UN DESA Expert Group Meeting on the World Economy, NYC, USA 24-26 October 211 John G.C. Kester Programme Manager, Tourism Trends and Marketing Strategies

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

SAS AB:s Press Conference. Augusti 14 th 2008

SAS AB:s Press Conference. Augusti 14 th 2008 SAS AB:s Press Conference Augusti 14 th 2008 1 Weak second quarter due to unprecedented challenging market conditions Combination of record high fuel prices and economic slowdown probably largest industry

More information

SITUATION OF THE TOURISM SECTOR YEAR ENDING 2012

SITUATION OF THE TOURISM SECTOR YEAR ENDING 2012 SITUATION OF THE TOURISM SECTOR YEAR ENDING 2012 1 INDEX PAGE GENERAL STATISTICS TABLE 3 STATISTIC TABLE BY MARKET 4 ANNUAL SUMMARY GRAPHS 5 SECTION 1. TOURISTS AND PASSENGERS 9 GRAN CANARIA 10 TOURISTS

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

Parques Reunidos Corporate Presentation March 2016

Parques Reunidos Corporate Presentation March 2016 Parques Reunidos Corporate Presentation March 216 Disclaimer The information contained in this presentation (the Presentation ), including but not limited to forward-looking statements, is provided as

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

Financial Benchmarking and Market Trends for Government Contractors: How Does Your Company Compare?

Financial Benchmarking and Market Trends for Government Contractors: How Does Your Company Compare? Financial Benchmarking and Market Trends for Government Contractors: How Does Your Company Compare? Presented by: Lynne Gummo, CPA Christine Williamson, CPA Partners, CohnReznick June 14, 2017 PLEASE READ

More information

Aker ASA and Aker Drilling ASA

Aker ASA and Aker Drilling ASA The preferred partner AKER ASA Aker ASA and Aker Drilling ASA Presentation to Pareto Oil and Offshore Conference, 1-2 September 2010 Trond Brandsrud, CFO Aker ASA Geir Sjøberg, CEO Aker Drilling ASA This

More information

4Q2016 Presentation. Henrik Badin CEO Erik Magelssen - CFO

4Q2016 Presentation. Henrik Badin CEO Erik Magelssen - CFO 4Q2016 Presentation Henrik Badin CEO Erik Magelssen - CFO Disclaimer This presentation (the Presentation ) has been produced by Scanship Holding ASA ("Scanship" or the "Company") exclusively for information

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

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

Main Points in the Results for FY2015

Main Points in the Results for FY2015 0 1 2 Main Points in the Results for FY2015 Operating profit increased to 75.4 billion yen, exceeding the goal of 75.0 billion yen for the final year of the medium-term management plan in the first year

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

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

Frank Fiskers, President & CEO Even Frydenberg, Incoming President and CEO Jan Johansson, CFO

Frank Fiskers, President & CEO Even Frydenberg, Incoming President and CEO Jan Johansson, CFO Frank Fiskers, President & CEO Even Frydenberg, Incoming President and CEO Jan Johansson, CFO Industry leader with unparalleled network and customer offering Excellent strategic fit with complementary

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

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

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

2017 Full-Year results 6 March 2018

2017 Full-Year results 6 March 2018 2017 Full-Year results 6 March 2018 www.thalesgroup.com Business environment Aerospace Continued positive dynamics for cockpit avionics and in-flight entertainment and connectivity Space: wait-and-see

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

The success story continues

The success story continues 1 The success story continues LANXESS Media Day 2017 Matthias Zachert Michael Pontzen Cologne, September 5, 2017 Safe harbor statement The information included in this presentation is being provided for

More information

Non residents boost hotel activity

Non residents boost hotel activity 14 November 2017 Tourism Activity September 2017 Non residents boost hotel activity Hotel establishments recorded 2.2 million guests and 6.3 million overnight stays in September 2017, figures that relate

More information

FY18 Q1 Results 13 FEBRUARY Cavtat, Croatia

FY18 Q1 Results 13 FEBRUARY Cavtat, Croatia FY18 Q1 Results 13 FEBRUARY 2018 Cavtat, Croatia FORWARD-LOOKING STATEMENTS This presentation contains a number of statements related to the future development of TUI. These statements are based both on

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

PAN PACIFIC HOTELS GROUP LIMITED 2010 FULL YEAR RESULTS BRIEFING 22 FEB 2011

PAN PACIFIC HOTELS GROUP LIMITED 2010 FULL YEAR RESULTS BRIEFING 22 FEB 2011 PAN PACIFIC HOTELS GROUP LIMITED 2010 FULL YEAR RESULTS BRIEFING 22 FEB 2011 2010 RESULTS OVERVIEW STRATEGIC & OPERATIONS HIGHLIGHTS NEO SOON HUP CHIEF FINANCIAL OFFICER 2 CONTENTS Focus and Highlights

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

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

2017 Marketing and Communications Conference. November 6, 2017

2017 Marketing and Communications Conference. November 6, 2017 2017 Marketing and Communications Conference November 6, 2017 1 2 Introduction Carrie Kenrick State of the Industry Industry Consolidation Financial Trends Ancillary Product / Customer Segmentation Fleet

More information

Ferrovial increases net profit by 12%, to 287 million euro

Ferrovial increases net profit by 12%, to 287 million euro All-time record backlog: 23.695 billion euro Ferrovial increases net profit by 12%, to 287 million euro Revenues expanded by 2.8% to 3.758 billion euro, supported by solid performance in the international

More information

United Continental Holdings, Inc (NYSE: UAL) ONE YEAR PRICE RANGE : $ LAST PRICE: $ ANALYST RATING: Sell

United Continental Holdings, Inc (NYSE: UAL) ONE YEAR PRICE RANGE : $ LAST PRICE: $ ANALYST RATING: Sell United Continental Holdings, Inc (NYSE: UAL) ONE YEAR PRICE RANGE : $61.91 68.76 LAST PRICE: $68.39 ANALYST RATING: Sell VALUATION DATE: August 3, 2017 NEXT EARNINGS DATE: October 17, 2017 Investment Thesis:

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

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

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

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

Amadeus Jan-Jun 2017 Results. July 28, 2017

Amadeus Jan-Jun 2017 Results. July 28, 2017 Amadeus Jan-Jun 2017 Results July 28, 2017 Disclaimer This presentation may contain certain statements which are not purely historical facts, including statements about anticipated or expected future revenue

More information

Analyst Presentation Schiphol Group 2006 Interim Financial Results

Analyst Presentation Schiphol Group 2006 Interim Financial Results Analyst Presentation Schiphol Group 2006 Interim Financial Results 24 August 2006 Interim Results Disclaimer This release may contain certain forward-looking statements with respect to the financial condition,

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

Cathay Pacific Airways Analyst Briefing. 21 November 2014

Cathay Pacific Airways Analyst Briefing. 21 November 2014 Cathay Pacific Airways Analyst Briefing 21 November 2014 Operating Performance Passenger demand remains strong, although growth in North America is significantly short of increase in capacity. Demand for

More information

1H2017 Financial Results. 4 August 2017

1H2017 Financial Results. 4 August 2017 1H2017 Financial Results 4 August 2017 COMPANY OVERVIEW 1H2017 RESULTS OVERVIEW OPERATION HIGHLIGHTS 2 Founded in 1963, listed on the Singapore Exchange in 1964 Three core businesses: - Property development

More information

PRESS RELEASE VINCI QUARTERLY INFORMATION AT 31 MARCH 2015

PRESS RELEASE VINCI QUARTERLY INFORMATION AT 31 MARCH 2015 Rueil Malmaison, 23 April 2015 PRESS RELEASE VINCI QUARTERLY INFORMATION AT 31 MARCH 2015 Revenue: 8.2 billion (down 5.3%) Buoyant traffic at VINCI Autoroutes (up 2.0%) and VINCI Airports (up 11.8%) Decline

More information

The Changing Trends in the International Airline Industry. Dr John Frankie O Connell First Annual Tourism Policy Workshop Dromoland, 2010

The Changing Trends in the International Airline Industry. Dr John Frankie O Connell First Annual Tourism Policy Workshop Dromoland, 2010 The Changing Trends in the International Airline Industry How is Ireland being affected by Changes in the Marketplace? Dr John Frankie O Connell First Annual Tourism Policy Workshop Dromoland, 2010 Agenda

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

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

Quarterly report to 31 March 2003

Quarterly report to 31 March 2003 Quarterly report to 31 March 2003 The Internet Communication Company Contents Directors and Auditors...3 Highlights...4 Report on Operations - Tiscali Group...5 Group results...7 Investments...9 Group

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

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

European Performance Scheme

European Performance Scheme European Performance Scheme Global Challenges to Improve Air Navigation Performance Asilomar Conference Grounds, Pacific Grove, CA 12 February 2015 Rolf TUCHHARDT European Commission, DG MOVE The SES policy

More information

Q3 Results. September 21, 2005» 1

Q3 Results. September 21, 2005» 1 Q3 Results September 21, 2005» 1 Financial results 9-month highlights» Significant growth in net income» Sharp improvement in gross margin» Strong increase in housing backlog in value terms» 3 9-month

More information

EUROCONTROL Low-Cost Carrier Market Update

EUROCONTROL Low-Cost Carrier Market Update EUROCONTROL Low-Cost Carrier Market Update June 2007 EUROCONTROL/STATFOR/Doc257 v1.0 12/09/07 EUROCONTROL Low-Cost Carrier Market Update June 2007 Summary: The market share of low-cost carriers in Europe

More information

For personal use only

For personal use only Chairman s Review Dear Unitholders, On behalf of the Board of Directors of Reef Corporate Services Limited, responsible entity of the Reef Casino Trust (the Trust), I present my review of the Reef Casino

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

PRESS RELEASE / NOTICE TO INVESTORS

PRESS RELEASE / NOTICE TO INVESTORS March 25, 2015 PRESS RELEASE / NOTICE TO INVESTORS El Al's CEO David Maimon and its CFO, Dganit Palti, today presented the financial statements for the fourth quarter of 2014 In 2014 the Company's revenues

More information

WEBJETAGM Managing Director Update

WEBJETAGM Managing Director Update WEBJETAGM Managing Director Update 22 November 2017 Page 1 DIGITAL TRAVEL BUSINESS spanning both consumer markets (through B2C) and global wholesale markets (through B2B) WHO IS WEBJET? B2C TRAVEL Leading

More information

Belgium. Belgian Visitors in Finland Statistical Trends and Profile

Belgium. Belgian Visitors in Finland Statistical Trends and Profile Belgium M A R K E T R E V I E W 2 0 1 5 Belgian Visitors in Finland Statistical Trends and Profile 24.10.2016 STATISTICS ON BELGIAN TOURISM IN FINLAND STATISTICAL TRENDS 3 Registered overnights 4 Number

More information

total - foreign overnights - domestic overnights

total - foreign overnights - domestic overnights TOURISM IN ESTONIA IN 214 TOURISM IN ESTONIA IN 214 (updated in Sept. 216) 1 In 214, 3.1 million foreign and domestic tourists stayed overnight in the accommodation establishments of Estonia (3.6% more

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

BAA s London airports

BAA s London airports BAA s London airports Holding company debt BNP Paribas High Yield and Leveraged Finance Conference 10 January 2012 Introduction to BAA group BAA owns six UK airports Heathrow, Stansted, Edinburgh, Glasgow,

More information

Agenda. Conclusion of Transform Key Perform 2020 initiatives. Perform 2020 financial framework. Information meeting

Agenda. Conclusion of Transform Key Perform 2020 initiatives. Perform 2020 financial framework. Information meeting Information meeting Agenda Conclusion of Transform 2015 Key Perform 2020 initiatives Perform 2020 financial framework 2 Transform 2015: first phase of group turnaround accomplished Strict capacity discipline

More information

SES Performance Scheme

SES Performance Scheme SES Performance Scheme 12 th Florence Rail Forum 2 May 2016 Rolf TUCHHARDT European Commission, DG MOVE The Single European Sky policy initiative to improve the overall performance of air traffic management

More information