DGAP-Adhoc: Advanced Inflight Alliance AG: announces preliminary financial results for the financial year 2013

Advanced Inflight Alliance AG  / Key word(s): Preliminary Results/Preliminary
Results 

12.03.2014 18:59

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Non-binding voluntary Translation 

Ad hoc announcement in accordance with Section 15 German Securities Trading
Act

Advanced Inflight Alliance AG announces preliminary financial results for
the financial year 2013

- EBITDA also driven by one-time effects increases by 75 percent to EUR
25.5 million
- Adjusted EBITDA at EUR 21.1 million exceeds previous year's number by 39
percent
- High financial income of EUR 7.7 million from financial investments   
- Net profit at EUR 21.3 million almost quadrupled due to one-time effects
and high financial income

Munich, March 12, 2014 - Advanced Inflight Alliance AG releases its
preliminary Group financials for the financial year 2013:

The consolidated Group revenues of Advanced Inflight Alliance Group
slightly decreased by 1 percent from EUR 130.3 million in 2012 to EUR 128.8
million in 2013. The main reasons for this development were a slightly less
favorable currency environment as well as changes in the customer base in
the Content Service Providing (CSP) business.

Earnings before interest, taxes, depreciation and amortization (EBITDA)
amounted to EUR 25.5 million in 2013 and therefore were 75 percent above
the previous year's figure of EUR 14.6 million. But in 2013 the EBITDA was
affected by high one-time effects. The release of accruals resulted in a
positive one-time effect of in total EUR 5.4 million. On the other side
higher risk provisions in context with lawsuits as well as one-time effects
in context with restructuring measures generated negative one-time effects
of in total EUR 1.3 million. Furthermore, EBITDA in 2013 contained positive
reported foreign currency effects of EUR 0.3 million. At EUR 21.1 million,
EBITDA adjusted for one-time effects and reported foreign currency effects
increased by around 39 percent on the previous year's adjusted EBITDA of
EUR 15.2 million.

Earnings before interest and taxes (EBIT) stood at EUR 19.8 million in 2013
and therefore were roughly 100 percent higher than the EBIT for 2012 of EUR
9.9 million. The EBIT adjusted for one-time effects and reported foreign
currency effects in 2013 was EUR 15.4 million. This represents an increase
of 47 percent compared to the previous year's figure of EUR 10.5 million.

In 2013 Advanced Inflight Alliance Group reported a finance income of EUR
7.9 million (2012: EUR 231 thousand). This finance income is mainly driven
by book profits realized in context with AIA's investment in Row 44 Inc.
respectively in Global Eagle Entertainment Inc. at a total of EUR 5.2
million as well as profits generated in course of the sale of the shares in
GuestLogix Inc. of EUR 2.5 million.

The Advanced Inflight Alliance Group reported earnings before taxes (EBT)
of EUR 26.9 million for 2013. This represents more than a triplication
compared to the previous year's EBT of EUR 8.6 million, which is
predominately driven by the one-time effects and the finance income. The
EBT adjusted for one-time effects, the finance income and for reported
foreign currency effects in 2013 was EUR 14.8 million, which represents an
increase of 61 percent compared to the previous year's figure of EUR 9.2
million.

The net profit for 2013 at EUR 21.3 million was substantially up compared
to the previous year's figure of EUR 5.1 million, due to the one-time
effects and the financial income. This development represents almost a
quadruplication.

Amounting to EUR 0.89 in 2013, earnings per share (EPS) in accordance with
IFRS substantially increased compared to the previous year's figure of EUR
0.25.

The final figures for the financial year 2013 may differ from the
preliminary figures reported today. The complete financial report for the
financial year 2013 will be available for downloading under
www.advanced-inflight-alliance.com as of April 4, 2014.

Advanced Inflight Alliance AG

The Management Board


12.03.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------
 
Language:     English
Company:      Advanced Inflight Alliance AG
              Schellingstr. 35
              80799 München
              Germany
Phone:        +49 (0)89 613805-0
Fax:          +49 (0)89 613805-55
E-mail:       info@aialliance.com
Internet:     www.advanced-inflight-alliance.com
ISIN:         DE0001262186
WKN:          126218
Listed:       Regulierter Markt in Frankfurt (General Standard);
              Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------