West Atlantic AB (publ): Financial Interim Report January - March 2019

January – MarchRevenue amounted to MSEK 506.6 (396.1) corresponding to a growth of 27.9 % year-on-year. Continued strong growth for the Group's B737 fleet.The first quarter with the new standard, IFRS16 leases, which has affected operating income, net income and the balance sheet significantly.EBITDA amounted to MSEK 101.8 (62.3) corresponding to a margin of 20.1 % (15.7). EBITDA positively affected by reversed leasing costs but also negatively affected by long heavy maintenance...

Göteborg, 29/05/2019 (informazione.news - comunicati stampa - trasporti)

January – March

Key performance indicators for the Group

The full report can be downloaded at http://westatlantic.eu/category/quarterlyinterimreports/

For further information, please contact:
CEO, Lars Jordahn, +46 (0) 10-452 95 95
CFO, Magnus Dahlberg, +46 (0) 10-452 95 49

This information is information that West Atlantic AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 209-05-29, 17:00 CET.

About West Atlantic
The West Atlantic Group is one of the market leading providers of dedicated airfreight services to European NMO's and airfreight capacity to Global Integrators and Freight Forwarders. The Group has a well-established geographic network and operates a customised aircraft fleet, whereof a majority is wholly owned. West Atlantic was founded in 1962 and is headquartered in Gothenburg, Sweden. Operations are performed all over Europe and 2018 West Atlantic had 461 employees. For 2018 West Atlantic reported revenues of MSEK 1,813 and EBITDA of MSEK 156.

West Atlantic AB (publ) Org. no: 556503-6083, Box 5433, SE-402 29 Gothenburg, Sweden
Investor Relations: investor.relations@westatlantic.eu   Webpage: www.westatlantic.eu

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