SAS med rekordindtjening

Poster i 'PRESSEMEDDELELSER' oprettet af Henrik Olsen, 3/11/17.

  1. Henrik Olsen

    Henrik Olsen co-founder Redaktør

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    Ahead of today’s extraordinary shareholders’ meeting of SAS AB, and given that the SAS fiscal year ended on October 31, 2017, SAS has chosen to publish its preliminary earnings for the 2016/2017 fiscal year. In conjunction with this, SAS is also announcing the outlook for 2017/2018.

    Preliminary earnings for 2016/2017

    SAS operations performed as expected in the fourth quarter. During the quarter, the yield improved while load factor is lower year-on-year. The implementation of the efficiency measures proceeded as planned during the quarter. Nonrecurring costs related to IT, employees, properties and changed management of aircraft maintenance costs is expected to amount to about SEK 0.5 billion in the fourth quarter. Currency hedges and the translation of balance-sheet items also had a negative impact on earnings of above SEK 0.2 billion.

    Altogether, developments during the fourth quarter 2016/2017 indicate the following for the 2016/2017 fiscal year:

    – Revenue of about SEK 42.5 (39.5) billion

    – Income before tax: about SEK 1.7 (1.4) billion

    – Income before tax and nonrecurring items: about SEK 1.9 (0.9) billion

    – Financial preparedness: about 37% (41%)

    Outlook for 2017/2018

    SAS expects the expansion of total market capacity in autumn and winter 2017/2018 to accelerate compared with the beginning of 2017. At the same time, SAS will consolidate the capacity growth implemented over the last few years. The planned capacity growth (ASK) for SAS in 2017/2018 is therefore only 1–3%compared with the previous year. As a consequence of the phasing-in of larger aircraft, a year-on-year decrease in the load factor is expected at the beginning of the fiscal year.

    To meet the increase in market capacity, SAS is endeavoring to strengthen competitiveness by efficiency enhancements and greater flexibility in its production platform. In 2017/2018, efficiency measures are expected to generate an earnings impact of about SEK 0.7 billion.

    Uncertainty in the macro environment remains considerable with highly volatile exchange rates and jet-fuel prices. SAS has hedged a large share of the expected jet-fuel consumption and net deficit in USD for the next six months. Despite this, rising jet-fuel prices together with a sustained strengthening of the USD could negatively impact the earnings trend.

    Following a seasonally weak first six months in 2017/2018, the potential exists for a strong summer in 2018. To sum up, this leads to the following outlook for 2017/2018:

    SAS expects to deliver income before tax and nonrecurring items in the interval of SEK 1.5–2.0 billion. The outlook is based on no unexpected events occurring.

    The outlook for 2017/2018 is based on the following assumptions:

    – ASK: +1–3 percent

    – Continued stable macro trend

    – The introduction of an aviation tax in Sweden

    – Jet fuel: Average of USD 550/tonne

    – Average SEK/USD of SEK 8.0

    – Net investments are expected to amount to about SEK 6 billion (slightly more than SEK 7 billion for FY17)


    As a result of this announcement, SAS will not apply the usual ’silent period’ prior to the year-end report on 12 December 2017.
     
    PENSIONISTEN og Henry "Synes godt om" dette.
  2. Henrik Olsen

    Henrik Olsen co-founder Redaktør

    Beskeder:
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    "Synes godt om" modtaget:
    26,672
    Point:
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    Offlyer, PENSIONISTEN og Henry "Synes godt om dette"
  3. THammer

    THammer VIP medlem

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    Mere laks ;);):p:D
     
    Ali Taran, alexanderln, Frequie og 7 andre "Synes godt om" dette.
  4. banditten

    banditten VIP medlem

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    Blind høne finder også korn.
     
    klaustroFlyer86, Henry og Henrik Olsen "Synes godt om dette"
  5. Henrik Olsen

    Henrik Olsen co-founder Redaktør

    Beskeder:
    11,606
    "Synes godt om" modtaget:
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    Point:
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    Selv til det SAS Dream arrangement i går var der laks på menuen :)
     
    THammer, Henry og PENSIONISTEN "Synes godt om dette"
  6. obs

    obs VIP medlem

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    En vekselkurs på 8,00 SEK/USD synes jeg umiddelbart lyder lidt optimistisk. Pt. ligger den omkring 8,40 og har været stigende på det seneste. Så med mindre at den svenske Riksbank hæver renten eller der sker noget andet uforudset, så synes jeg at det aspekt ser lidt tvivlsomt ud. Men man ved selvfølgelig aldrig hvad der kan ske...
     
    Henry "Synes godt om" dette.
  7. Offlyer

    Offlyer Where is my SK937?

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    Jeg synes det er superpositivt at SAS kommer så flot igen. Ny fly, nye kabiner og nye ruter - og sorte tal på bundlinjen. Flot gået. Det har ikke været nemt eller sjovt hele tiden. Hvis de nu holder ved i nogle kvartaler/år i streg, så ser det ganske godt ud.

    Så skal vi bare have CPH til at fokusere på kunderne igen ....
     
    PENSIONISTEN, obs, SebastianBruun og 4 andre "Synes godt om" dette.
  8. Henrik Olsen

    Henrik Olsen co-founder Redaktør

    Beskeder:
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    Point:
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    PENSIONISTEN, Henry, Calle77 og 2 andre "Synes godt om" dette.
  9. RasmusH

    RasmusH VIP medlem

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    Mon ikke denne graf spiller ind. Stort set lige omvendt :)
    2017-11-04 08_56_38-5 Year Crude.png
     
    Offlyer, PENSIONISTEN, obs og 3 andre "Synes godt om" dette.
  10. Henrik Olsen

    Henrik Olsen co-founder Redaktør

    Beskeder:
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    Det er bestemt en betragtning som ikke er ligegyldig. Det som gør den interessant er hvor godt SAS og deres spareprogrammer reelt har virket eller om det er prisen på brændstof, som holder dem ovenvande?!!?
     
    PENSIONISTEN, Frequie, RasmusH og 1 anden person "Synes godt om dette".
  11. obs

    obs VIP medlem

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    Det man også kan spekulere på er, hvad sommerens "havari" mon kan have kostet SAS i tabt indtjening og forhøjede omkostninger. Det kan ikke have været billigt...


    /DSGM #2
     
    PENSIONISTEN og Henry "Synes godt om" dette.

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