SAS Group 1999 Report

HIGHLIGHTS IN THE FINAL ACCOUNTS AS PER DECEMBER 31, 1999: SAS Group's income before taxes was MSEK 1,846 (2,857). Income for the fourth quarter was MSEK 1,245 (378). Over capacity in the market, a general pressure on prices and a change in the volume of Business Class compared to Economy Class, are, largely speaking, the reasons for the decrease in operating income for 1999. Unit costs were 1.1% lower than in the previous year. Passenger traffic (RPK) increased by 1.6%. Cash flow from operations amounted to MSEK 2,227 (3,807). Capital gains on sales of shares and other fixed assets amounted to MSEK 1,431 (1,016). Earnings per share for SAS Danmark A/S was SEK 8.70 (13.78), for SAS Norge ASA SEK 7.94 (12.13) and for SAS Sverige AB SEK 8.41 (12.77). A dividend of DKK 3.50, NOK 3.75 and SEK 4.00 per share, unchanged from the previous year, is proposed. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/02/17/20000217BIT00940/bit0001.doc The full report http://www.bit.se/bitonline/2000/02/17/20000217BIT00940/bit0002.pdf The full report

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