Summary
Satair is still experiencing highly favorable market conditions as a result of
growing air traffic and increased production levels of aircraft and
helicopters. The combination of an attractive market environment and the
activities acquired last year has made a significant contribution to growth in
revenues and earnings, both of which performed above the expected levels in Q3.
Against this background the Group is making an upward adjustment of its outlook
for 2006/07.
Q3 2006/07
• Revenues came to USD 96.9 million - up 43 per cent of which 25 percentage
points reflect organic growth
• The Aftermarket Division: USD 64.1 million, up 49 per cent of which 20
percentage points reflect organic growth
• The OEM Division: USD 32.8 million, up 33 per cent
• EBITDA came to USD 8.4 million - up 48 per cent
• Profit before tax totaled USD 4.3 million - up 3 per cent
• The result is satisfactory and above expectations
9 months 2006/07
• Revenues came to USD 264.0 million - up 42 per cent of which 17 percentage
points reflect organic growth
• The Aftermarket Division: USD 179.1 million, up 52 per cent of which 15
percentage points reflect organic growth
• The OEM Division: USD 84.9 million, up 24 per cent
• EBITDA came to USD 20.2 million - up 55 per cent
• Profit before tax totaled USD 11.2 USD - up 28 per cent
The outlook for FY 2006/07 is adjusted upwards and now includes a forecast of
approx. USD 355 million in consolidated revenues against the previously
announced USD 340 million, reflecting an increase around 35 per cent from last
year. The adjustment also affects the gross margin forecast, which is now
specified at approx. 21 per cent. Against this background the level of EBITDA
forecast for 2006/07 is adjusted upwards to approx. USD 27 million against the
previous level of approx. USD 24 million. The forecast for profit before tax is
raised to approx. USD 15 million against the previous level of approx. USD 14
million.
