Advanced Inflight Alliance AG releases preliminary financial figures for first quarter of 2011

Consolidated group revenues increased by about 10 percent to 28.9 million Euros / Pre-Tax profit more than quadrupled to 3.4 million Euros / Earnings per share increase from 0.03 Euro to 0.17 Euro

Munich, (PresseBox) - Advanced Inflight Alliance AG (ISIN DE0001262186, WKN 126218, located at: Schellingstr. 35, 80799 Munich) releases preliminary Group figures for the first quarter of 2011:

The Advanced Inflight Alliance Group started exceptionally good into the financial year 2011. Group revenues increased in the first quarter of 2011 by about 10 percent from 26.3 million Euros to 28.9 million Euros. This positive development reflects on one hand the continuing recovery of the aviation industry. On the other hand the strong development of business in the first quarter of 2011 is also due to a partial structural shift of revenues and earnings especially in the area of trade of licenses in the segment of inflight entertainment. As a result of this the first and third quarter of a financial year with two dates of changes of inflight entertainment content shows stronger revenues and earnings compared to the second and forth quarter of a financial year. As this partial structural shift did not affect the first quarter of 2010 in the same way, a direct comparison of the first quarter of 2011 with the first quarter 2010 is only possible to a limited extend.

In the first quarter of 2011 the Advanced Inflight Alliance Group has more than doubled earnings before interest, taxes, depreciation and amortization (EBITDA) from 2.0 million Euros in the first quarter of the previous year to 4.5 million Euros. This was primarily due to the above mentioned structural effects. In addition the Advanced Inflight Alliance Group was able to achieve an exceptionally good result in the first quarter of 2011 with the trade of film licenses in the segment of inflight entertainment due to a particularly suitable range of films offerd by the studios. The quality of the available films will continue to be decisive for the results in the film license trade business. Especially the cost saving measures also within the Groups Holding contributed to the very good results of the first quarter of 2011. The first quarter of 2010 was impacted by one-time expenses of approximately 0.5 million Euros, which have to be considered in a direct comparison with the first quarter of 2011. The EBITDA in the first quarter of 2011 contains reported negative foreign currency effects of TEUR 17 compared to the reported negative foreign currency effects of TEUR 518 in the first quarter of 2010. The reported EBITDA adjusted for foreign currency effects in the first quarter of 2011 added up to 4.5 million Euros compared to 2.5 million Euros in the previous year.

Earnings before interest and taxes (EBIT) rose from 1.1 million Euros in the first quarter of 2010 to 3.5 million Euros in the first quarter of 2011. This reflects more than a triplication. The reported EBIT adjusted for foreign currency effects in the first quarter of 2011 added up to 3.5 million Euros compared to 1.6 million Euros in the previous year.

The Advanced Inflight Alliance Group reported a profit before taxes (EBT) of 3.4 million Euros for the first quarter of 2011. This compared with the previous year's figure of 0.8 million Euros represents almost a quadrupling. The EBT adjusted for foreign currency effects in the first quarter of 2011 was 3.4 million Euros compared to 1.3 million Euros for the previous year.

The net profit for the first quarter of 2011 of 2.5 million Euros also increased significantly the previous year's figure of 0.5 million Euros. The net profit for the first quarter of 2011 adjusted for foreign currency effects was 2.5 million Euros compared to 1.0 million Euros in the first quarter of 2010.

With 0.17 Euros the earnings per share (EPS) according to IFRS in the first quarter of 2011 were well above previous year's figure of 0.03 Euros (EPS after foreign currency effects: 0.17 Euros in the first quarter of 2011 compared to 0.06 Euros in the first quarter of 2010).

The final figures for the first quarter of 2011 may differ from preliminary financial figures reported today. The complete report for the first quarter 2011 will be available for download as of May 17th, 2011 under www.advanced-inflight-alliance.com.

Advanced Inflight Alliance AG

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