STOCKHOLM, Sweden, Feb. 12, 2003 (PRIMEZONE) -- SAS (Other OTC:SASDF):
The year in brief:
-- Operating revenue for the year amounted to MSEK 64,944 (51,433), an
increase of 26.3%. For comparable units and adjusted for currency
effects, operating revenue decreased during the period by 1.0% or
MSEK 512.
-- Income before depreciation and leasing costs for aircraft (EBITDAR)
amounted to MSEK 7,294 (3,168) for the full year, an increase of
130%. EBITDAR for the fourth quarter was MSEK 1,332 (-122).
-- Income before capital gains for the year was MSEK -951 (-2,282).
Income for the fourth quarter amounted to MSEK -809 (-1,613).
Excluding non-recurring items, income before capital gains for the
full-year 2002 was MSEK -736 (-2,282).
-- Income before tax amounted to MSEK -450 (-1,140). The result for
the fourth quarter was MSEK -683 (-1,147).
-- CFROI for the full-year 2002 was 13% (7%).
-- Earnings per share for the period January-December amounted to SEK
-0.81 (-6.65) for the SAS Group and equity per share amounted to SEK
92.33 (96.06).
-- The Board of Directors proposes that no dividend be paid for the
2002 fiscal year.
-- Against the background of the uncertain global political situation
and the difficult market situation, the SAS Group is, under present
conditions, not issuing a detailed assessment of earnings for the
full-year 2003.
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