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View Full Version : Solid økning for Transwede


FlightDeck
04-09-2008, 11:23
Profitable growth, difficult times ahead

Transwede turnover went up from 46 MSEK to 195 MSEK from 2006 to 2007. Profitability also improved substantially, profit before tax (EBT) for 2007 was 24,5 MSEK, up from a loss of 6 MSEK the year before.

- “The 2007 result included one-time compensations due to breach of contracts, but the underlying operating result was still solid, says Transwede CEO, Trygve Gjertsen. “The first half of 2008 also showed improved profitability”.

- “However, the next 12months will be a quite different story due to capacity reductions and close down of routes, which also affects us as wet lease operator significantly. Two aircraft are already parked. Our ambition is still to achieve close to break-even result for 2008, 2009 will be even more challenging. However, we still believe in long term growth at London City, and Transwede as wet lease operator is well positioned to take part in the future growth at LCY”, says Trygve Gjertsen.