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21.02.2013 – 20:18

Air Berlin PLC

EANS-Adhoc: Air Berlin PLC records profit in 2012 - operating result improves to EUR 70.2 million - financial year 2011 results adjusted

  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
Financial Figures/Balance Sheet/fy 2012 results

Ad Hoc Notification Pursuant to § 15 of the German Securities Trading Act (WpHG)

London, 21 February 2013 - Air Berlin PLC has realised a group revenue of EUR
4.31 billion (2011: EUR 4.23 billion) in financial year 2012. Furthermore the
company has generated other operating income including, in particular, earnings
from the sale of the majority interest in the frequent flyer programme
"topbonus", which amounted to EUR 184.4 million. The operating result (EBIT)
increased from EUR -247.0 million in 2011 to EUR 70.2 million in financial year

EBITDAR increased from EUR 425.9 million in financial year 2011 by 72.9% to EUR
736.4 million in financial year 2012. EBITDA improved from EUR -161.6 million in
the same period to EUR 144.3 million. Operating expenses increased from EUR 4.48
billion in the previous year by 0.5% to EUR 4.51 billion in the reporting year. 

The financial result improved from EUR -111.9 million to EUR -73.6 million. This
improvement was driven primarily by gains in foreign exchange. Pre-tax earnings
in financial year 2012 amounted to EUR -3.2 million compared to EUR 
-358.8 million in the previous year. 

Due to a retroactive adjustment of deferred tax assets, Air Berlin PLC has
corrected the EUR -271.8 million net result in fiscal year 2011 by EUR -148.6
million to EUR -420.4 million. In connection with this value adjustment, the EUR
253.7 million equity figure reported as of 31 December 2011 was reduced to EUR
105.2 million. The German Financial Reporting Enforcement Panel (DPR e.V.)
requested information on the valuation of deferred tax assets. In this context,
Air Berlin PLC has decided that deferred tax assets as of 31 December 2011 will
be restated retroactively. This restatement is non-cash relevant, independent
from management's assessment for expected business developments and takes
account of International Financial Reporting Standards' (IFRS) strict
requirements of the deferred tax assets.

The net result for the reporting year 2012 amounted to EUR 6.8 million compared
to EUR -420.4 million in the previous year (2011 restated, previously reported
EUR -271.8 million). Earnings per share based on an annual average of
114,552,461 shares outstanding thus amounted to EUR 0.06 (undiluted and diluted)
compared to EUR -4.94 in financial year 2011 (restated, previously reported EUR

As of 31 December 2012, Air Berlin PLC's total assets amounted to EUR 2,217.6
million (2011: restated EUR 2,125.6 million, previously reported 2,263.9
million), its total equity amounted to EUR 130.2 million (2011: restated EUR
105.2 million, previously reported EUR 253.7 million), its cash position
amounted to EUR 327.9 million (2011: EUR 239.6 million) and its net debt
amounted to EUR 770.2 million (2011: EUR 813.0 million).

Air Berlin will publish detailed information on the annual financial statements
as well as the complete annual report as of 31 December 2012 on 20 March 2013.
The information will be available on the internet at starting
at 7:45 am (CET).

Further inquiry note:
Ingolf Hegner
SVP Investor Relations
+49 (0)30 3434 1590

end of announcement                               euro adhoc 

issuer:      Air Berlin PLC
             The Hour House, High Street 32
             UK-WD3 1ER Rickmansworth, Herts
phone:       +49 (0)30 3434 1500
FAX:         +49 (0)30/3434-1509
sector:      Air Transport
ISIN:        GB00B128C026
indexes:     SDAX, Classic All Share, Prime All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, free trade/Bondm:
             Stuttgart, regulated dealing/prime standard: Frankfurt 
language:   English

Original content of: Air Berlin PLC, transmitted by news aktuell

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