Austrian Airlines Österreichische Luftverkehrs-AG
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Austrian Airlines Group: Result Trend and Balance Sheet for Financial Year 2001
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Austrian Airlines Group: Result Trend and Balance Sheet for Financial Year 2001
In what was to prove a fateful year for the aviation industry worldwide, the
Austrian Airlines Group achieved a result from operating activities (EBIT) of
EUR – 88.9m in 2001, down by EUR 172.2m on the preceding year. Profit before tax
totalled EUR – 164.1m, compared with EUR 41.0m in 2000. In the fourth quarter
of 2001, the new Board of Management introduced an extensive range of measures
designed to counteract the downturn in the industry and restructure the company.
Passenger volume at the Austrian Airlines Group was increased by 1.2 % to a
total of 8.55 million passengers carried. As part of the release of the results
for the year 2001, Vagn Soerensen, Chief Executive Officer of the Austrian
Airlines Group, made the following statement: For us, 2001 was certainly a
radical turning point; equally, however, it presented an opportunity to set a
course out of the current crisis and on to a successful future. It is a huge
challenge, which we shall overcome!
end of ad-hoc-announcement (c)DGAP 18.04.2002
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WKN: 062015; ISIN: AT0000620158; Index: ATX
Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, München,
Stuttgart
180859 Apr 02
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