EANS-Adhoc: Air Berlin PLC records profit in 2012 - operating result improves to EUR 70.2 million - financial year 2011 results adjusted

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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Financial Figures/Balance Sheet/fy 2012 results
21.02.2013

Ad Hoc Notification Pursuant to § 15 of the German Securities Trading
Act (WpHG)

London, 21 February 2013 - Air Berlin PLC has realised a group
revenue of EUR 4.31 billion (2011: EUR 4.23 billion) in financial
year 2012. Furthermore the company has generated other operating
income including, in particular, earnings from the sale of the
majority interest in the frequent flyer programme "topbonus", which
amounted to EUR 184.4 million. The operating result (EBIT) increased
from EUR -247.0 million in 2011 to EUR 70.2 million in financial year
2012.

EBITDAR increased from EUR 425.9 million in financial year 2011 by
72.9% to EUR 736.4 million in financial year 2012. EBITDA improved
from EUR -161.6 million in the same period to EUR 144.3 million.
Operating expenses increased from EUR 4.48 billion in the previous
year by 0.5% to EUR 4.51 billion in the reporting year.

The financial result improved from EUR -111.9 million to EUR -73.6
million. This improvement was driven primarily by gains in foreign
exchange. Pre-tax earnings in financial year 2012 amounted to EUR
-3.2 million compared to EUR -358.8 million in the previous year.

Due to a retroactive adjustment of deferred tax assets, Air Berlin
PLC has corrected the EUR -271.8 million net result in fiscal year
2011 by EUR -148.6 million to EUR -420.4 million. In connection with
this value adjustment, the EUR 253.7 million equity figure reported
as of 31 December 2011 was reduced to EUR 105.2 million. The German
Financial Reporting Enforcement Panel (DPR e.V.) requested
information on the valuation of deferred tax assets. In this context,
Air Berlin PLC has decided that deferred tax assets as of 31 December
2011 will be restated retroactively. This restatement is non-cash
relevant, independent from management's assessment for expected
business developments and takes account of International Financial
Reporting Standards' (IFRS) strict requirements of the deferred tax
assets.

The net result for the reporting year 2012 amounted to EUR 6.8
million compared to EUR -420.4 million in the previous year (2011
restated, previously reported EUR -271.8 million). Earnings per share
based on an annual average of 114,552,461 shares outstanding thus
amounted to EUR 0.06 (undiluted and diluted) compared to EUR -4.94 in
financial year 2011 (restated, previously reported EUR -3.12).

As of 31 December 2012, Air Berlin PLC's total assets amounted to EUR
2,217.6 million (2011: restated EUR 2,125.6 million, previously
reported 2,263.9 million), its total equity amounted to EUR 130.2
million (2011: restated EUR 105.2 million, previously reported EUR
253.7 million), its cash position amounted to EUR 327.9 million
(2011: EUR 239.6 million) and its net debt amounted to EUR 770.2
million (2011: EUR 813.0 million).

Air Berlin will publish detailed information on the annual financial
statements as well as the complete annual report as of 31 December
2012 on 20 March 2013. The information will be available on the
internet at ir.airberlin.com starting at 7:45 am (CET).

Further inquiry note:
Ingolf Hegner
SVP Investor Relations
+49 (0)30 3434 1590
ingolf.hegner@airberlin.com

end of announcement euro adhoc
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issuer: Air Berlin PLC
The Hour House, High Street 32
UK-WD3 1ER Rickmansworth, Herts
phone: +49 (0)30 3434 1500
FAX: +49 (0)30/3434-1509
mail: abpresse@airberlin.com
WWW: http://www.airberlin.com
sector: Air Transport
ISIN: GB00B128C026
indexes: SDAX, Classic All Share, Prime All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, free trade/Bondm:
Stuttgart, regulated dealing/prime standard: Frankfurt
language: English