Austrian Airlines Österreichische Luftverkehrs-AG
Ad hoc-Service: Austrian Airlines english
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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The Austrian Airlines Group recorded further strong increases in its revenue and
operating revenue in the first quarter of 2001, even though expenses also grew
considerably following the full consolidation of Lauda Air, investment in new
aircraft and extremely high fuel costs. The streamlining of the Group, which was
begun last year, has been consistently taken forward: as a result, significant
synergy effects may now be expected as soon as the second half-year of 2001. The
EBIT for the first quarter was EUR 51.9 million (2000: EUR 22.3 million) and
profit before tax stood at EUR 61.1 million (2000: EUR 34.2 million). When
adjusted for profits from asset sales (EUR 2.0 million), the results are on
budget. The decline in results in the first quarter needs to be seen in the
context of the strongly seasonal business cycle that is typical for airlines.
Again, the full consolidation of Lauda Air had an intensifying effect here.
Based on a change in working capital and increased depreciation, cash flows from
operating activities of the Austrian Airlines Group increased from EUR 21.5
million in the first quarter of 2000 to EUR 13.3 million this year. The first
quarter was marked by a further rise in passenger figures (+9.1 %) and strong
growth (+7.7 %) in the Cargo Division.
end of ad hoc announcement (c) DGAP 16.05.2001
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WKN: 062015; Index: ATX
Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, München,
Stuttgart
160909 Mai 01
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