SAS Year-end Report November 2014 – October 2015
SAS delivers substantial earnings improvement

August 2015 – October 2015

Income before tax: MSEK 867 (-450)
Income before tax and nonrecurring items: MSEK 1,338 (789)
Revenue: MSEK 10,903 (10,966)
Unit revenue (PASK) declined 0.5% [1]
Unit cost (CASK) increased 3.5% [2]
EBIT margin: 11.8% (-2.3%)
Net income for the period: MSEK 517 (-303)
Earnings per common share: SEK 1.31 (-1.21)
The outlook for the full year 2015/2016 is presented on page 8
The Board of Directors proposes that no dividends be paid to holders of SAS AB’s common shares
The Board proposes a dividend of SEK 50 on each preference share
November 2014 – October 2015

Income before tax: MSEK 1,417 (-918)
Income before tax and nonrecurring items: MSEK 1,174 (-697)
Revenue: MSEK 39,650 (38,006)
Unit revenue (PASK) increased 3.8% [1]
Unit cost (CASK) increased 3.3% [2]
EBIT margin: 5.6% (0.4%)
Net income for the period: MSEK 956 (-719)
Earnings per common share: SEK 1.84 (-3.03)
[1] Currency adjusted.
[2] Currency adjusted and excluding jet fuel.