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 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 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 14.09.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- 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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