RYANAIR PROFITS RISE 15% TO RECORD €201m TRAFFIC GROWTH OF 24%, NET MARGIN OF 28%
Ryanair, Europe’s No.1 low fares airline today (2 Nov 2004) announced record half year profits of €201.3m. Traffic grew by 24% to 14.1m passengers, yields declined by 5% and consequently total revenues rose by 21% to €721.1m. Unit costs (excluding fuel and route charges) fell by 4% and (including fuel and route charges unit costs remained flat) and as a result the profit margin after tax declined by 1% to an industry leading 28%.
Summary Table of Results (Irish GAAP) - in Euro
Half Year Ended
Sept 30, 2003
Sept 30, 2004
% Increase
Passengers
11.3m
14.0m
+24%
Revenue
€596.4m
€721.1m
+21%
Adjusted Profit after tax (Note 1)
€175.5m
€201.3m
+15%
Adjusted Basic EPS (Euro Cents) (Note 1)
23.21
26.51
+14%
Note 1: Adjusted profit after tax and EPS for 2003, excludes non-recurring costs of €2.7m (net of tax) arising from the earlier than planned retirement of 6 Boeing 737-200 aircraft, the re-organisation of “Buzz†in April’03 of €2.7m (net of tax), and finally a Goodwill charge of €1.2m in both periods.
To see full press release click on:- http://www.ryanair.com
Cheers,
White Cap
