The SAS would turn into loss was expected. And there are so-called non-recurring items that make travel group lands at a loss. Excluding one-time items, earnings for the fiscal fourth quarter of SEK 789 million.
Analysts had, according to TT, counted 622 million in profit excluding special items. The gain can also be compared with SEK 601 million the corresponding quarter of the previous fiscal year.
The big profit difference between years, with extraordinary items included, is partly explained by the fact that 80 per cent holding in Widerøe Flyveselskap resulted in a profit contribution during last year fourth quarter.
sales amounted to 10.966 billion kronor, compared to 11.059 billion kronor a year earlier. Sales were slightly higher than SME Direkt analysts’ forecast of 10.778 billion crowns.
SAS: in conjunction with the Financial Statements additional savings. The goal is to reduce costs by 2.1 billion in 2017.
The Group sees opportunities to earn a profit before tax and non-recurring items during the financial year 2014/2015.
“This given that the economy does not weaken, the developments in relation to reduced capacity and lower fuel prices made up, and that exchange rates do not deteriorate further and that nothing unexpected happens in general, “says the company in the report.
SAS Board proposes that no dividend be paid to the Company’s ordinary shareholders for the fiscal year 2013/2014. The Board proposes, however dividends to holders of preference shares of $ 50 / preference share.
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