Icelandair Group results for the third quarter of 2008
The total turnover of the Company was ISK 41.5 billion, increasing by 107% from
the corresponding quarter of last year
EBITDA was ISK 6.2 billion, as compared to ISK 3.7 billion in the corresponding
period of last year
EBIT was ISK 5.1 billion, as compared to ISK 2.8 billion in the corresponding
period of last year
Profit after taxes was ISK 4.4 billion, as compared to ISK 2.1 billion for the
corresponding period of last year
Net cash at the end of the quarter was ISK 7.4 billion, as compared to ISK 3.8
billion for the corresponding period of last year.
Icelandair Group results for the first nine months of 2008
The total turnover of the Company was ISK 84.4 billion, increasing by 75% from
the corresponding quarter of last year
EBITDA was ISK 7.2 billion in 2008, as compared to ISK 5.0 billion in the
corresponding period of last year
EBIT was ISK 4.3 billion, as compared to ISK 2.6 billion in the corresponding
period of last year
Profit after taxes was ISK 3.1 billion, as compared to ISK 1.0 billion for the
corresponding period of last year
Total assets amounted to ISK 101.5 billion at the end of September 2008, as
compared to ISK 66.8 billion at year-end 2007
The equity ratio was 33.1% at the end of the third quarter of 2008, as compared
to 37.5% at the end of 2007
Net cash was ISK 9.3 billion, as compared to ISK 3.9 billion at the
corresponding time last year.
For further information, please contact:
Björgólfur Jóhannsson CEO of Icelandair Group Tel.: 896-1455
Bogi Nils Bogason, Chief Financial Officer, Icelandair Group Tel.: 665-8802
