Announcement no. 16 - 2010/11 3 September 2010 Cimber Sterling's Q1 2010/11 performance in line with forecast Performance in Q1 2010/11 was in line with management's expectations. A strong 33% increase in the number of own passengers and an unchanged yield level resulted in a 27% increase in revenue in Q1 to DKK 526 million (DKK 414 million in 2009/10). Unit cost before aircraft fuel (CASK) was reduced by 13% in Q1 2010/11 (11% incl. aircraft fuel) as compared with Q1 2009/10. Operating profit (EBIT) adjusted for the DKK 11 million effect of the airspace closure due to the ash cloud was a profit of DKK 1 million (a loss of DKK 25 million in 2009/10), which is the best performance in a quarter in recent years. Unadjusted EBIT was a loss of DKK 10 million. Cimber Sterling retains its previously announced forecast for the 2010/11 financial year. As previously communicated and as stated in the Chairman's report at the Annual General Meeting held on 19 August 2010, Cimber Sterling has obtained intermediate funding which is expected to be maintained until a loan with partial government guarantee is established and/or the refinancing of aircraft has fallen into place. The traffic figures for July/August 2010 will be released on 6 September 2010 at 11:00 a.m., and the full interim report for Q1 2010/11 will be released on 15 September 2010 at 8:00 a.m. The presentation of the interim report by Jacob Krogsgaard, CEO, will be webcast, and the presentation will be available at Cimber Sterling's website, www.cimber.dk, on Thursday, 15 September from 3.00 p.m. For further information, please contact: Jacob Krogsgaard, CEO Tel: +45 5045 4654 jacob.krogsgaard@cimber.dk This Announcement has been prepared in Danish and translated into English. In the event of any discrepancy between the Danish Announcement and the English translation, the Danish Announcement shall prevail.
Cimber Sterling's Q1 2010/11 performance in line with forecast
| Source: Cimber Sterling Group
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