Kuoni Reisen Holding AG
Kuoni Travel Holding Ltd.: Group restructuring impacts positively on Kuoni’s year-to-date results
Kuoni Reisen Holding AG / Key word(s): Quarter Results 11.11.2010 06:46 Release of an ad hoc announcement pursuant to Art. 72 KR --------------------------------------------------------------------------- The Kuoni Group reports a substantial increase in earnings for the first nine months of 2010. Earnings before interest and taxes (EBIT) for the period amounted to CHF 31.0 million. Underlying EBIT stood at CHF 80.6 million, a CHF 46.9 million improvement on the prior-year period. Turnover for the period totalled CHF 3 019 million (up 1.4%). The net result amounted to CHF 12.3 million. The increase in earnings is attributable to the improved economic environment and higher margins. The Kuoni Group's Scandinavian, Asian and Destination Management operations made particularly strong contributions to the higher earnings achieved. Turnover for the third-quarter period amounted to CHF 1 263 million, while underlying EBIT stood at CHF 82.4 million. The Kuoni Group still expects to post a low singledigit percentage increase in turnover for 2010 as a whole, along with an underlying EBIT margin of close to 3%. Laurence Bienz Head of Investor Relations Kuoni Travel Holding Ltd. Neue Hard 7 CH- 8010 Zurich P +41 (0)44 277 45 29 laurence.bienz@kuoni.com 11.11.2010 News transmitted by EquityStory AG. The issuer is responsible for the contents of the release. EquityStory publishes regulatory releases, media releases on the capital market and press releases. The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies. The Swiss news archive can be found at www.equitystory.ch/news --------------------------------------------------------------------------- Language: English Company: Kuoni Reisen Holding AG Neue Hard 7 8010 Zürich Schweiz Phone: +41 44 277 4529 Fax: +41 44 277 4031 E-mail: laurence.bienz@kuoni.com Internet: www.kuoni-group.com ISIN: CH0003504856 Swiss Security Number: 894861 Listed: Freiverkehr in Berlin, Stuttgart; Open Market in Frankfurt; Foreign Exchange(s) SIX End of Announcement EquityStory News-Service ---------------------------------------------------------------------------
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