ADVANCED INFLIGHT ALLIANCE AG 
By
- Consolidated Group revenues up by 9 percent to EUR 121,6
million
- Adjusted net profit up by 17 percent to EUR 7.2 million
- Adjusted earnings per share of EUR 0.46 above EUR 0.42 of
previous year
- Restructuring measures completed
126218, located at: Schellingstr. 35, 80799 Munich) releases
preliminary Group figures for 2011:
Despite comprehensive restructuring measures the Advanced
Inflight Alliance Group completed the financial year 2011
successful. The full year consolidated group revenues
increased by 9 percent from EUR 111.1 million in 2010 to EUR
121.6 million in 2011. The acquisitions executed mid 2011
both did contribute to the increase in Group revenues.
As announced, the Advanced Inflight Alliance Group has
completed the group wide restructuring measures on December
31, 2011. In addition to a substantial reduction of staff the
corporate group structure was also simplyfied. The Advanced
Inflight Alliance Group incurred EUR 4.2 million in
aggregated one-time charges in 2011 in connection with the
extensive restructuring measures. All restructuring expenses
will constitute one-time charges in 2011; in 2012, they will
lead to cost savings in the mid single digit millions. The
figures for 2011 also contain EUR 0.3 million one-time
charges in the form of transaction costs for the June 2011
acquisitions.
Due to the one-time charges the Earnings before interest,
taxes, depreciation and amortization (EBITDA) decreased from
EUR 12.4 million in 2010 to EUR 10.5 million in
2011. Adjusted for the total one-time charges, the EBITDA
increased from EUR 13.2 million by more than 13 percent to
EUR 15 million in 2011. The EBITDA for 2011
contains foreign currency gains of EUR 594 thousand, compared
to foreign currency gains of EUR 9 thousand in 2010. As a
result, the EBITDA adjusted for both the one-
time charges and the foreign currency effects was EUR 14.4
million in 2011 in the
aggregate, compared to EUR 13.2 million in the same period of
the previous year.
Due to the one-time charges earnings before interest and
taxes (EBIT) fell from EUR
8.4 million in 2010 to EUR 6.5 million in 2011. The EBIT
adjusted for both the one- time charges and the foreign
currency effects rose from EUR 9.2 million in 2010 by 13
percent to EUR 10.4 million in 2011.
Given the one-time charges, the Advanced Inflight Alliance
Group has posted earnings before taxes (EBT) of EUR 5.9
million, down from EUR 7.6 million in the previous year.
Adjusted for both the one-time charges and the foreign
currency effects, EBT for the
2011 was EUR 9.7 million. This corresponds to an increase of
16 percent over the EBT
of EUR 8.4 million in the same period of the previous
year.
At EUR 4.4 million, net profit for 2011 was down from the
previous year's EUR 5.5 million due to the one-time charges.
Adjusted for both the one-time charges and the
For more information, please contact: Advanced Inflight Alliance AG
Schellingstrasse 35 | 80799 Munich | Tel.: +49 (0)89 613805-0 | Fax: +49 (0)89 613805-55 | info@aialliance.com | www.advanced-inflight- alliance.com
foreign currency effects, net profit in 2011 rose from EUR
6.1 million to EUR 7.2 million by 17 percent.
Earnings per share (EPS) pursuant to IFRS for 2011 were EUR
0.28, compared to EUR
0.38 for 2010. Adjusted for both the one-time charges and the
foreign currency effects, earnings per share were EUR 0.46 in
2011, compared to EUR 0.42 in 2010.
The final figures for the financial year 2011 may deviate
from the preliminary figures announced today. The complete
full year report for 2011 will be available to download at
www.advanced-inflight-alliance.com from April 26, 2012.
Additional information:
The preparation of the 2011 annual financial statements has
entailed a change in accounting principles used to account
for film distribution rights acquired; this change in
accounting principles has a direct impact on several income
statement items in the
2010 and 2011 financial years as well as in the quarterly
reports 2011. While this change in accounting principles
generally lowers the amortization shown, it in contrary
increases the cost of materials, which results in a
comparatively reduction of the
shown EBITDA. Earnings before interest and taxes (EBIT),
earnings before taxes (EBT) and the net profit however are
not affected. Below please find the respective effects on the
EBITDA:
Reported Figures: in EUR mill | 2011 | 2010 | 3M 2011 | 6M 2011 | 9M 2011 |
EBITDAold | 16.8 | 12.6 | 4.5 | 7.4 | 10.0 |
EBITDAnew | 10.4 | 12.4 | 4.4 | 6.5 | 6.7 |
Adjusted Figures: | |||||
in EUR mill | 2011 | 2010 | 3M 2011 | 6M 2011 | 9M 2011 |
EBITDAold-adjusted | 20.7 | 13.4 | 4.5 | 7.6 | 13.6 |
EBITDAnew-adjusted | 14.4 | 13.2 | 4.4 | 6.7 | 10.3 |
Advanced Inflight Alliance AG
The Executive Management Board
For more information, please contact: Advanced Inflight Alliance AG
Schellingstrasse 35 | 80799 Munich | Tel.: +49 (0)89 613805-0 | Fax: +49 (0)89 613805-55 | info@aialliance.com | www.advanced-inflight- alliance.com
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