PresseBox
Press release BoxID: 554871 (Advanced Inflight Alliance AG)
  • Advanced Inflight Alliance AG
  • Schellingstraße 35
  • 80799 München
  • http://www.advanced-inflight-alliance.com

Advanced Inflight Alliance AG announces financial results for the first nine months of 2012

(PresseBox) (Munich, ) .
- Consolidated Group revenues up over 11 percent to EUR 99.2 million
- Operating result (EBIT) of EUR 8.4 million up over 13 percent compared to last year's EBIT adjusted for restructuring costs
- Publication of the comprehensive 9-months report postponed due to "Global Eagle"- Transaction

Advanced Inflight Alliance AG (ISIN DE0001262186; WKN 126218; domiciled at: Schellingstr. 35, 80799 Munich) today released its financial results for the first nine months 2012:

In the third quarter 2012 the Advanced Inflight Alliance AG continued the positive trend already seen in the first six months of the fiscal year. Consolidated Group revenues climbed over 11 percent in the first nine months of 2012 from EUR 89.1 million to EUR 99.2 million. The two acquisitions made in 2011 being instrumental in this development.

Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 11.9 million in the first nine months of 2012 and therefore increased by over 72 percent compared to the EBITDA in the prior-year period of EUR 6.9 million. However, the EBITDA of the first nine months of 2011 was negatively affected by one-time effects at the total amount of EUR 3.7 million due to restructuring measures executed in 2011 (EUR 3.2 million) as well as acquisitions executed in 2011 (EUR 0.5 million).

The first nine months of 2012 only contain one-time effects for the acquisitions executed in 2012 at the amount of EUR 0.2 million. The EBITDA in the first nine months of 2012 includes negative foreign currency effects reported of EUR 0.3 million compared to positive foreign currency effects reported of EUR 0.1 million in the first nine months of 2011. The EBITDA adjusted for one-time effects and reported foreign currency effects rose to EUR 12.3 million in the first nine months of 2012 compared to EUR 10.5 million in the prior-year period. This represents an increase of 18 percent.

Earnings before interest and taxes (EBIT) in the first nine months of 2012 increased by more than 100 percent to EUR 8.4 million compared to the previous year's EBIT of EUR 4.2 million. Only adjusted for restructuring costs the previous year's EBIT was EUR 7.4 million, compared to which the EBIT in the first nine months of 2012 did grow by 13 percent. The EBIT adjusted for all one-time effects and reported foreign currency effects in the first 9 months of 2012 was EUR 8.8 million compared to EUR 7.7 million in the prior-year period. This represents an increase of 14 percent.

The Advanced Inflight Alliance Group is reporting earnings before taxes (EBT) for the first nine months of 2012 of EUR 7.7 million. Compared to the prior-year period EBT of EUR 3.8 million. This represents an increase of more than 100 percent. The EBT adjusted for one-time effects and reported foreign currency effects in the first 9 months 2012 was EUR 8.1 million compared to EUR 7.3 million in the prior-year period. This represents an increase of 10 percent.

In line with legal requirements Advanced Inflight Alliance AG will release it's Interim Announcement (Zwischenmitteilung) according to § 37x WpHG (WpHG - German Securities Trading Act) today.

In order to increase the transparency for capital markets, Advanced Inflight Alliance AG voluntary releases a more comprehensive report for the respective quarters since the first quarter of 2011, which in addition to descriptions concerning the course of business also contain a income statement as well as a balance sheet for the reporting date. Advanced Inflight Alliance AG intends to also provide this level of information for the developments in the first nine months of 2012. Due to the planned transaction between PAR Investment Partners L. P., Boston, USA, and Global Eagle Acquisition Corp., Los Angeles, USA, that was announced in an adhoc-release on November 8, 2012, the work for preparing the more comprehensive report on the developments in the first nine months of 2012 was delayed. In addition, the financials for the first nine months 2012 of Advanced Inflight Alliance AG will be part of official filings in context with the before mentioned transaction and therefore need to be reviewed. Therefore Advanced Inflight Alliance AG expects to be able to complete and release its more comprehensive report for the first nine months of 2012 by mid December 2012. As soon as the report is available, it will be released on our internet page www.advancedinflight- alliance.com.