Icelandair Group hf.
Good third quarter performance
DGAP-News: Icelandair Group hf. 30.10.2014 / 17:20 --------------------------------------------------------------------- -- Profit after taxes USD 85.8 million, as compared to USD 65.3 million in the preceding year -- EBITDA at USD 123.9 million, as compared to USD 102.2 million in the preceding year -- Total revenue increased by 13% -- Equity ratio 46% at the end of September -- Net cash provided by operating activities USD 5.8 million, as compared to USD 30.3 million in the preceding year Björgólfur Jóhannsson, President and CEO: 'The Company's international flight operations were successful in the third quarter and the results were good. Capacity in the Route Network was increased by 19% from the preceding year. The passenger load factor was 84.2%, up by 0.7 percentage points between years. Around 970 thousand passengers travelled with the Company over the quarter, a record high. The increased scope of the international flight operations, together with the significant increase in the number of tourists to Iceland, had a positive effect on other business activities of the Group. The Company's third-quarter profit amounted to USD 85.8 million, up by USD 20.5 million from the preceding year. Financially, the Company is strong and well prepared to take on future challenges; an announcement has already been made of a projected 12% growth in international flight operations next year. As a result of the third-quarter success we are now projecting our EBITDA for 2014 in the range of USD 150-155 million, up from the earnings estimate published earlier this year.' For further information please contact: Bjorgólfur Jóhannsson, President and CEO bubbi@icelandairgroup.is +354 896 1455 Bogi Nils Bogason, CFO bogi@icelandairgroup.is + 354 665 8801 News Source: NASDAQ OMX --------------------------------------------------------------------- 30.10.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP 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: Icelandair Group hf. Iceland ISIN: IS0000013464 End of News DGAP News-Service --------------------------------------------------------------------- 294253 30.10.2014
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