Cimber Sterling Group
Interim report for the 1st quarter of 2011/12 – three months ended 31 July 2011 – Strengthened capital base and new major shareholder

Cimber Sterling Group 

14.09.2011 08:02

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                                                        Announcement no. 29/2011
                                                               14 September 2011



In the course of Q1 2011/12, Cimber Sterling got a new major shareholder -
Mansvell Enterprises Ltd. - which has made an injection of DKK 165.75 million
of capital through a directed share issue. The agreement with Mansvell gives
Cimber Sterling a principal shareholder with a strong capital base and with
ambitions as well as the necessary funds to establish a strong Nordic regional
airline. Mansvell has thorough knowledge of the airline industry and already
owns Swedish-based airlines Skyways and City Airline. 

Revenue in Q1 2011/12 increased by 21% to DKK 635 million, and EBIT improved
from a loss of DKK 10 million to a loss of DKK 9 million in spite of an
increase in fuel costs by DKK 39 million. The guidance for the full year
2011/12 is retained. 



For further information please see enclosed or contact:

Jacob Krogsgaard, CEO
Phone: +45 60 29 26 26
E-mail: ir@cimber.dk
News Source: NASDAQ OMX



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Language:     English
Company:      Cimber Sterling Group
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0060196848
WKN:          
 
End of Announcement                             DGAP News-Service
 
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