First quarter performance
+ The total turnover was ISK 16.3 billion, up by 16% from the corresponding
quarter of the preceding year
+ EBITDA was ISK 178 million, as compared to ISK 58 million at the same time
last year
+ EBIT was negative by ISK 1.2 billion, as compared to a negative result of ISK
1.1 billion at the same time last year. Depreciation was ISK 1.3 billion, as
compared to ISK 1.1 billion in the corresponding period of last year
+ Financial expenses amounted to ISK 736 million, as compared to ISK 555
million at the same time last year
+ Losses after taxes came to ISK 1.9 billion, as compared to ISK 3.6 billion
over the corresponding period of last year. Loss from continuing operations
amounted ISK 1.5 billion over the period
+ Net cash at the end of the first quarter of 2010 was ISK 4.1 billion, as
compared to ISK 1.9 billion in the preceding year
+ Total assets amounted to ISK 93.6 billion at the end of the first quarter of
2010,and the equity ratio was 14%
For further information, please contact:
Björgólfur Jóhannsson CEO, Icelandair Group, tel. +354-896-1455
Bogi Nils Bogason, CFO, Icelandair Group, tel. +354-665-8801
