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    SAS   SE0003366871


Real-time Estimate Quote. Real-time Estimate Cboe Europe - 08/02 10:45:00 am
2.136 NOK   -1.43%
08/01SAS : 75 years of proud aviation
07/16SAS : Sek 3.0 billion credit line from major shareholders in place
07/16SAS AB Announces SEK 3.0 Billion Credit Line from Major Shareholders in Place
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

SAS : Airline SAS gets $361 million loan guarantee from Denmark, Sweden

05/26/2021 | 12:51pm EDT
FILE PHOTO: The spread of the coronavirus disease (COVID-19) in Stockholm

STOCKHOLM (Reuters) - Sweden and Denmark said on Wednesday they had agreed to offer ailing airline SAS, in which both countries own stakes, a 3 billion Swedish crown ($361 million) loan guarantee.

The COVID-19 pandemic has seen air travel collapse, plunging the industry into crisis and leaving carriers scrambling to secure funds to weather the slump.

SAS said the credit line should be seen as a complement to other ongoing activities to cut costs and strengthen liquidity. 

"Market conditions also make it difficult to predict how demand will develop ahead of the important summer season given that customers are increasingly choosing to book their trips on short notice," SAS said in a statement.

Sweden and Denmark will guarantee 1.5 billion crowns each, the two Nordic governments said in separate statements.

"It is still the Government's position that SAS is important for Denmark's accessibility, Danish jobs, companies and the Danish economy in general," the Danish government said, adding that SAS had been hard-hit by the pandemic.

The Swedish state owns 14.8% and the Danish state owns 14.2% of SAS. The guarantee is pending European Union approval.

SAS, which is due to report second-quarter earnings on Thursday, completed a capital raising in late 2020 after a year of deep losses.

($1 = 8.3100 Swedish crowns)

(Reporting by Helena Soderpalm and Johan Ahlander; Editing by Elaine Hardcastle and Alexander Smith)

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
NORWEGIAN KRONER / SWEDISH KRONA (NOK/SEK) -0.02% 0.97289 Delayed Quote.1.66%
SAS AB (PUBL) -1.62% 2.132 Delayed Quote.13.46%
All news about SAS AB (PUBL)
08/01SAS : 75 years of proud aviation
07/16SAS : Sek 3.0 billion credit line from major shareholders in place
07/16SAS AB Announces SEK 3.0 Billion Credit Line from Major Shareholders in Place
07/14EU General Court Junks Ryanair Suit Challenging Vienna Aid to Austrian Airlin..
07/14Ryanair loses challenge against COVID aid for Lufthansa's Austrian unit
07/12SAS : European Commission OKs $355.3 Million Swedish, Danish Loans For SAS
07/09SAS : to Resume Flights to All US Destinations
07/08SAS : June Passenger Traffic Takes Off 87% Amid Increased Demand
07/08SAS : Traffic figures - June 2021
07/08SAS AB Reports Operating Results for the Month and Year to Date Ended June 20..
More news
Sales 2021 14 151 M 1 647 M 1 647 M
Net income 2021 -6 219 M -724 M -724 M
Net Debt 2021 30 308 M 3 528 M 3 528 M
P/E ratio 2021 -2,72x
Yield 2021 -
Capitalization 15 171 M 1 769 M 1 766 M
EV / Sales 2021 3,21x
EV / Sales 2022 1,57x
Nbr of Employees 4 476
Free-Float 50,9%
Duration : Period :
SAS AB (publ) Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Mean consensus UNDERPERFORM
Number of Analysts 4
Last Close Price 2,09 SEK
Average target price 1,35 SEK
Spread / Average Target -35,3%
EPS Revisions
Managers and Directors
Anko van der Werff President & Chief Executive Officer
Magnus Írnberg Chief Financial Officer & Executive Vice President
Carsten Dilling Chairman
Charlotte Svensson Chief Information Officer & EVP
Birgitta Monica Caneman Independent Director
Sector and Competitors