Advanced Inflight Alliance AG: announces preliminary figures for the first nine months of 2011

Advanced Inflight Alliance AG  / Key word(s): Preliminary Results/Preliminary Results

10.11.2011 19:12

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Ad hoc announcement in accordance with Section 15 German Securities Trading
Act

Advanced Inflight Alliance AG announces preliminary figures for the first
nine months of 2011:

- Consolidated Group revenues up by 6 percent to EUR 89.1 million 
- Earnings in the third quarter of 2011 impacted by one-time restructuring
charges but will lead to substantial cost reductions in 2012
- Adjusted pre-tax profit up by 12 percent to EUR 7.3 million
- Adjusted earnings per share of EUR 0.34 on a par with the previous year 

Munich, November 10, 2011 -  Advanced Inflight Alliance AG (ISIN
DE0001262186; WKN 126218; domiciled at: Schellingstrasse 35, 80799 Munich)
today announced its preliminary figures for the Group for the first nine
months of 2011:

In the third quarter of 2011, the AIA Group launched its group-wide
campaign aimed at optimizing both its organizational structure and costs.
The implementation of the respective measures will be largely completed by
December 31, 2011. Substantially lowering the number of employees and
simplifying the Group's overall organizational structure are the key
components of these measures. By the end of the 2011 financial year, the
AIA Group will have reduced its existing workforce by about 20 percent from
the level as of June 30, 2011.  The AIA Group incurred EUR 3.2 million in
aggregated one-time charges for the third quarter of 2011 in connection
with the launch of its extensive restructuring measures. Fully EUR 1.8
million of these one-time charges are related to the severance package for
the Company's former Chairman of the Management Board. 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 the first nine months of 2011 also contain EUR 0.5 million
one-time charges in the form of transaction costs for the June 2011
acquisitions.

Adjusted for the one-time charges, the AIA Group performed well during the
first nine months of 2011. Consolidated Group revenues for the first nine
months of 2011 climbed year on year from EUR 84.3 million by about 6
percent to EUR 89.1 million.

Earnings before interest, taxes, depreciation and amortization (EBITDA)
rose from EUR 9 million by 11 percent to EUR 10 million during the
reporting period despite the one-time charges. Adjusted for the total
one-time charges, EBITDA increased from EUR 9.6 million by more than 43
percent to EUR 13.7 million in the first nine months of 2011. EBITDA for
the first nine months of 2011 contains foreign currency gains of EUR 121
thousand, compared to foreign currency losses of EUR 197 thousand in the
first nine months of 2010. As a result, EBITDA adjusted for both the
one-time charges and the foreign currency effects was EUR 13.6 million in
the aggregate, compared to EUR 9.8 million in the same period of the
previous year.

Due to the one-time charges earnings before interest and taxes (EBIT) fell
from EUR 6.2 million in the first nine months of 2010 to EUR 4.2 million in
the first nine months of 2011. EBIT adjusted for both the one-time charges
and the foreign currency effects rose from EUR 7.0 million in the first
nine months of 2010 by 10 percent to EUR 7.7 million in the first nine
months of 2011.

Given the one-time charges, the Advanced Inflight Alliance Group has posted
earnings before taxes (EBT) of EUR 3.8 million, down from EUR 5.8 million
the previous year. Adjusted for both the one-time charges and the foreign
currency effects, EBT for the first nine months of 2011 was EUR 7.3
million. This corresponds to an increase of 12 percent over the EBT of EUR
6.5 million in the same period of the previous year.

At EUR 2.7 million, net profit for the first nine months of 2011 was down
from the previous year's EUR 4.4 million due to the one-time charges.
Adjusted for both the one-time charges and the foreign currency effects,
EBT in the first nine months of 2011 rose from EUR 5 million to EUR 5.3
million.

Earnings per share (EPS) pursuant to IFRS for the first nine months of 2011
were EUR 0.18, compared to EUR 0.30 for the first nine months of 2010.
(Adjusted for both the one-time charges and the foreign currency effects,
earnings per share were EUR 0.34 for the first nine months of 2011,
compared to EUR 0.34 in the first nine months of 2010.)

The final figures for the first nine months of 2011 may deviate from the
preliminary figures announced today. The complete interim report for the
first nine months of 2011 will be available at
www.advanced-inflight-alliance.com from November 17, 2011.

Advanced Inflight Alliance AG

The Executive Management Board


10.11.2011 DGAP's Distribution Services include Regulatory Announcements,
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Language:     English
Company:      Advanced Inflight Alliance AG
              Schellingstr. 35
              80799 München
              Germany
Phone:        +49 (0)89 613805-0
Fax:          +49 (0)89 613805-55
E-mail:       info@aialliance.com
Internet:     www.advanced-inflight-alliance.com
ISIN:         DE0001262186
WKN:          126218
Listed:       Regulierter Markt in Frankfurt (General Standard);
              Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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