Austrian Airlines Österreichische Luftverkehrs-AG
Ad hoc-Service: Austrian Airlines english
Ad hoc announcement transmitted by DGAP.
The issuer has the sole responsibility of this announcement.
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Due to a technical failure, the Annual Report and the Financial Statements 2000
of the Austrian Airlines Group have been available online for a short time
during the update of the Investor Relations website. For this reason, the press
release originally planned to follow the Supervisory Board Meeting has been
published prematurely. The Annual Report and the Financial Statements 2000 are
now available on the internet. Please note that the Financial Statements 2000
are valid subject to the approval of the Supervisory Board on 18 April 2001.
17.04.2001/51e
AUSTRIAN AIRLINES GROUP: POSITIVE RESULT IN 2000 DESPITE UNFAVOURABLE EXTERNAL
CONDITIONS
The Austrian Airlines Group has experienced a strong increase in its result from
operating activities (EBIT) for 2000 despite external conditions that were in
part extremely difficult. EBIT in 2000 amounted to EUR 83.8 million/ATS 1,153.1
million, compared with EUR 18.9 million/ATS 260.1 million in 1999. The Group was
also able to achieve a significant rise in its profit before tax of EUR 41.0
million/ATS 564.2 million, against EUR 22.8 million/ATS 313.7 million the
previous year. By preparing its Financial Statements according to International
Accounting Standards (IAS) for the first time, the Austrian Airlines Group
decisively improved international comparability of its results. Furthermore,
Lauda Air, which was previously consolidated at equity, has been fully
consolidated as of November 2000. The adverse development at Lauda Air had a
negative effect of EUR 18.2 million/ATS 250.4 million on the consolidated
result.
end of ad hoc announcement, (c) DGAP 17.04.2001
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WKN: 062015; Index: ATX
Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, München,
Stuttgart
172226 Apr 01
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