SAS Group Interim Report January-March 2012

Strengthened cash flow but negative earnings as forecast-    continued challenges in 2012-    4Excellence measures corresponding to SEK 5 billion to be implementedKey ratios January-March 2012 · Revenue: MSEK 9,591 (9,313) · Number of passengers: increased by 323,000 (5.3%) · Income before tax and nonrecurring items: MSEK -1,049 (-509) · EBT margin before nonrecurring items: -10.9% (‑5.5%) · Income before tax: MSEK ‑1,132 (‑558) · Net income for the period: MSEK ‑729 (‑373) · Earnings per share: SEK -2.22 (-1.13) · SAS’s financial preparedness on March 31