Air France-KLM published very strong annual results, at a level not seen since 2007. Indeed, except for revenues which slightly declined (-3.3%), EBITDAR, EBITDA, operating income, net result and FCF are all growing quite strongly, bringing the lease adjusted operating margin to 5.7%, when it was only 4.4% a year ago. Moreover, the good FCF generation has enabled the group to reduce its debt to a reasonable level, lowering financial costs. The strict cost management coupled with a favourable
17 Feb 2017
Strong performance despite headwinds in France and a promising but uncertain future
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Strong performance despite headwinds in France and a promising but uncertain future
Air France-KLM SA (AFK:WBO) | 0 0 (-5.7%) | Mkt Cap: 4,338m
- Published:
17 Feb 2017 -
Author:
Marc Laubel -
Pages:
4
Air France-KLM published very strong annual results, at a level not seen since 2007. Indeed, except for revenues which slightly declined (-3.3%), EBITDAR, EBITDA, operating income, net result and FCF are all growing quite strongly, bringing the lease adjusted operating margin to 5.7%, when it was only 4.4% a year ago. Moreover, the good FCF generation has enabled the group to reduce its debt to a reasonable level, lowering financial costs. The strict cost management coupled with a favourable