SAS - Interim / Quarterly Report 2017

SAS Interim Report November 2016 - April 2017

EXPANDED STRUCTURAL MEASURES TO STRENGTHEN PROFITABILITY

JANUARY 2017 - APRIL 2017

· Income before tax and nonrecurring items: MSEK -259 (-601)

· Income before tax: MSEK -208 (127)

· Revenue: MSEK 9,843 (8,916)

· EBIT margin: -1.1% (2.7%)

· Net income for the period: MSEK -320 (171)

· Earnings per common share: SEK -1.23 (0.25)

· The outlook for the full year 2016/2017 is retained.

COMMENTS BY THE PRESIDENT AND CEO OF SAS:

The quarter trended in line with our expectations. The most positive news being

the increase in passenger numbers compared with the corresponding quarter last

year of more than 300,000. This resulted in increased revenue and a year-on-year

improvement in income before tax and nonrecurring items. However, profitability

remains too low and must be raised. We are therefore doubling our efficiency

program target to SEK 3 billion. We are also initiating efforts to further

strengthen loyalty to SAS and to generate new growth initiatives by leveraging

SAS's strong brand and the EuroBonus program.

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. CET on June 21, 2017.

AI assistant