DGAP-Adhoc: Advanced Inflight Alliance AG: announces preliminary financial results for the first half year 2013

Advanced Inflight Alliance AG / Key word(s): Preliminary Results/Preliminary
Results

07.08.2013 07:53

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Ad hoc announcement in accordance with Section 15 German Securities Trading
Act

Advanced Inflight Alliance AG announces preliminary financial results for
the first half year 2013

- Group revenues slightly increased to EUR 64.6 million
- EBITDA increases by 20 percent to EUR 9.7 million
- High financial income of EUR 6.5 million from financial investments
- Net profit at EUR 10.1 million more than quadrupled due to high financial
income
- Adjustment of presentation of assets as of December 31, 2012

Munich, August 7, 2013 - Advanced Inflight Alliance AG releases its
preliminary financial results for the first half year of 2013:

The consolidated Group revenues of Advanced Inflight Alliance Group did
increase slightly from EUR 64.4 million in the first half year of 2012 to
EUR 64.6 million in the first half year of 2013.

Earnings before interest, taxes, depreciation and amortization (EBITDA)
amounted to EUR 9.7 million in the first half year of 2013 and therefore
were 20 percent above the previous year's figure of EUR 8.1 million. The
first half year of 2013 included one-time expenses associated with
restructuring measures of EUR 0.3 million as well as reported positive
foreign currency effects of EUR 19 thousand. At EUR 10 million, the EBITDA
adjusted for one-time effects and reported foreign currency effects
increased by around 18 percent on the previous year's adjusted EBITDA of
EUR 8.5 million.

Earnings before interest and taxes (EBIT) stood at EUR 6.9 million in the
first half year of 2013 and therefore were 19 percent higher than the EBIT
for the first half year of 2012 of EUR 5.8 million. The EBIT adjusted for
one-time effects and reported foreign currency effects in the first half
year of 2013 was EUR 7.2 million. This represents an increase of 16 percent
compared to the previous year's figure of EUR 6.2 million.

In the first half year of 2013 Advanced Inflight Alliance Group reported a
finance income of EUR 6.5 million (first half year 2012: EUR 44 thousand).
This finance income is mainly driven by book profits realized in context
with AIA's investment in Row 44 Inc. respectively in Global Eagle
Entertainment Inc. at a total of EUR 3.9 million as well as profits
generated in course of the sale of the shares in GuestLogix Inc. of EUR 2.5
million.

The Advanced Inflight Alliance Group reported earnings before taxes (EBT)
of EUR 12.9 million for the first half year of 2013. This represents more
than a doubling compared to the previous year's EBT of EUR 5.2 million,
which is predominately driven by the high finance income. The EBT adjusted
for one-time effects, the finance income and for reported foreign currency
effects in the first half year 2013 was EUR 6.7 million, which represents
an increase of 22 percent compared to the previous year's figure of EUR 5.5
million.

The net profit for the first half year of 2013 at EUR 10.1 million was
substantially up compared to the previous year's figure of EUR 2.4 million,
due to the high financial income.

Amounting to EUR 0.42 in the first half year of 2013, earnings per share
(EPS) in accordance with IFRS did substantially increase compared to the
previous year's figure of EUR 0.14.

In course of the preparation of the interim Group accounts as of June 30,
2013, Advanced Inflight Alliance Group has evaluated warrants on Row 44
Inc. shares. These warrants were acquired in context with the acquisition
of the interest in Row 44 Inc. in July 2012. In the consolidated Group
accounts as of December 31, 2012 a separate evaluation was not executed. As
a result of the evaluation of the warrants the presented equity as of
December 31, 2012 increased from 82.8 million Euro to 83.7 million Euro.

The final figures for the first half year of 2013 may differ from the
preliminary figures reported today. The complete financial report for the
first half year of 2013 will be available for downloading under
www.advanced-inflight-alliance.com as of August 9, 2013.

Advanced Inflight Alliance AG

The Management Board

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Language: English
Company: Advanced Inflight Alliance AG
Schellingstr. 35
80799 München
Germany
Phone: +49 (0)89 613805-0
Fax: +49 (0)89 613805-55
E-mail: info@aialliance.com
Internet: www.advanced-inflight-alliance.com
ISIN: DE0001262186
WKN: 126218
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart

End of Announcement DGAP News-Service

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