Global Entertainment AG
Advanced Inflight Alliance AG announces preliminary results for the 2008 financial year
Advanced Inflight Alliance AG / Final Results/Preliminary Results Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Advanced Inflight Alliance AG announces preliminary results for the 2008 financial year - Net profit doubled year on year Munich, Germany, April 7, 2009 - Advanced Inflight Alliance AG (ISIN DE0001262186, German SIN (WKN) 126218, domiciled at: Schellingstr. 35, 80799 Munich) today announced considerable growth in both sales and earnings for the 2008 financial year. At EUR 6,831 thousand, consolidated profit doubled year on year. Sales grew by approximately 26% to EUR 107.4 million compared to the previous year (EUR 85.1 million), primarily as a result of the acquisition of DTI Software Inc., Montreal, Canada, at the beginning of the 2008 financial year. Another subsidiary, Fairdeal Multimedia Pvt. Ltd., which is domiciled in Mumbai, India, and was acquired in August 2008, was included in consolidation for the first time. Starting with the 2008 financial year, the company is reporting earnings before interest, taxes, depreciation and amortization (EBITDA) and earnings before interest and taxes (EBIT) including both interest expense and interest income. The two key figures were calculated as earnings before interest expense and therefore also included interest income until the 2007 financial year. The comparative figures stated below were determined on a proforma basis. EBITDA in the reporting period more than doubled to EUR 13,922 thousand (previous year: EUR 5,332 thousand). The strong rise is due to the inclusion of the new subsidiaries and significant currency gains. EBIT was EUR 9,947 thousand (previous year: EUR 3,443 thousand), EBT was EUR 9,284 thousand (previous year: EUR 3,797 thousand), and net profit for the year was EUR 6,831 thousand (previous year: EUR 3,327 thousand). All these figures were thus far above those recorded in the previous year. A retroactive ajustment had to be made for 2007 in accordance with IAS 8, as a result of which the previous year's figures stated here deviate from those published previously. Please see the 2008 annual report for detailed disclosures in this respect. Basic and diluted earnings per share as of December 31, 2008 were EUR 0.46, compared to EUR 0.21 in 2007. Earnings per share were calculated based on an average number of 14,749,180 shares issued. The full 2008 annual report will be available from April 30, 2009 at www.advanced-inflight-alliance.com. Advanced Inflight Alliance AG The Management Board 07.04.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Advanced Inflight Alliance AG Schellingstr. 35 80799 München Deutschland Phone: +49 (0)89 613805-0 Fax: +49 (0)89 613805-55 E-mail: info@aialliance.com Internet: www.advanced-inflight-alliance.com ISIN: DE0001262186 WKN: 126218 Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden