(Obi.no): on Thursday morning it became known that the Norwegian had a profit after tax of minus 3.012 million in 4. quarter of 2018, compared to minus 713 million in the same period the year before.
the fuel costs alone increased by 65 per cent in the quarter, from 2.075 million to 3,420 million.the Money runs out
operating profit was minus 3.593 million, against minus 1.027 million the year before. Operating revenues amounted to 9.657,8 million, compared with a 7.844 million in 4. quarter of 2017.
Cash flow from operations was nok 894 million in the quarter, compared to minus 853 million in the same period the year before. The company went out of year with cash and equivalent at 1.922 million, which was down from 4.040 million in the same period the year before.Punished on the stock exchange
Today's news is not well received on the Oslo stock Exchange, where the stock falls all 5,84 per cent to 120,20 money. The current lowest listing has been on 118,70 money.
Meglernestor Jan Petter Sissener says to Obi.now that he is further impressed by the Norwegian-numbers.
- Weak, but it was the preannonsert. Annoys me more over their attempt to copy Elon Musk with diffuse messages, " says Sissener.
- What do you think was the most diffused with today's news?
today was the agreement with a solid asian company. What kind of agreement and conditions are there to talk about? Then there was the story the other day that there were five bidders, and that they had accepted a bid that did not materialize, " says Sissener to the Obi.no.
- they Have something to announce they'll send out a press release, not selectively inform some journalists. If you do not get the shut up. It seems the most that they want to talk up the course prior to the determination of the emisjonskursen, " says Sissener.Focus on the costs
Mads Johannesen, investeringsøkonom in Nordnet, said to the Obi.now that the bad result was as expected.
What is positive now is that they already have initiated cost-saving measures, something that is very necessary for a profitable operation going forward. This will escalate into 1. quarter, when cost program "focus" occurs, turn Johannesen fixed.
- Even though the quarterly numbers usually are important for listed companies, there are plenty associated with greater expectations of the forthcoming placement which comes in the middle of February, and what training there is, " concludes Johannesen.Postpones delivery of aircraft
on Wednesday, we could read that the Arctic Aviation Assets, a subsidiary of Norwegian, has signed an agreement with Boeing Commercial Airplanes to postpone the delivery of 12 Boeing 737 MAX aircraft from 2020 to 2023 and 2024.
In an announcement type English that the delay is expected to reduce the company's financial obligations related to the payments in 2019. In addition, investments for 2020 will be significantly reduced.
Arctic Aviation Assets has also entered into an agreement with Airbus S. A. S. for an extension of four Airbus 321LR aircraft from 2019 to 2020. The delay is expected to reduce the company's kapitalforpliktelser in 2019.
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