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

=------------------------------------------------------------------------------- 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. =-------------------------------------------------------------------------------

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).

end of announcement euro adhoc =-------------------------------------------------------------------------------

(END) Dow Jones Newswires

   February 21, 2013 14:17 ET (19:17 GMT)- - 02 17 PM EST 02-21-13