Announcement no. 42 – 2011/12
14 March 2012
Performance in Q3 2011/12 was in line with management’s expectations. Planned reduction of capacity and routes as well as the mild winter weather resulted in an EBIT improvement from a loss of DKK 146.7 million in 2010/11 to a loss of DKK 81.5 million in 2011/12. For the full year 2011/12, Cimber Sterling retains its forecast of consolidated revenue of DKK 2.0 billion and an operating loss (EBIT) in the range of DKK 160-200 million.
Cimber Sterling's strategic plan, which was presented in outline in the H1 2011/12 interim report, is now being implemented in the organization. As part of the strategy Cimber Sterling will outsource the operational part of its Boeing 737 capacity to Jet Time and will remain as major player in the Leisure market.
For further information please see attached or contact:
Jan Palmér , President & CEO
Phone: +45 60 29 26 26
E-mail: ir@cimber.dk
