SAS — Earnings Release 2017

Sep 5, 2017

SAS Interim Report November 2016-July 2017

SAS Interim Report November 2016-July 2017

STRONG SUMMER LIFTS EARNINGS

MAY 2017 - JULY 2017

· Income before tax: MSEK 1,973 (1,036)

· Income before tax and nonrecurring items: MSEK 1,863 (1,003)

· Revenue: MSEK 12,210 (11,133)

· EBIT margin: 17.1% (10.4)

· Net income for the period: MSEK 1,535 (805)

· Earnings per common share: SEK 4.39 (2.17)

· The outlook for the full year 2016/2017 has been revised, see page 10.

COMMENTS BY THE PRESIDENT AND CEO OF SAS:

Higher revenue resulted in a significant boost to earnings in the quarter. This

is an encouraging trend that motivates our continued change efforts to meet

global competition and a volatile macro environment, and to create scope for the

necessary future operational investments.

This information is information that SAS AB is obliged to disclose pursuant to

the EU Market Abuse Regulation and the Securities Market Act. The information

was submitted for publication, through the agency of the contact person set out

above, at 8.00 a.m. CEST on September 5, 2017.