Press release - 11 February 2010 07:23

2009 best annual result in Norwegian’s history

Today, Norwegian presents the best annual result in the company’s history. The net result after tax amounted to 446 MNOK. The last quarter was also the best Q4 ever. During 2009, Norwegian had a strong passenger growth and carried 10.8 million passengers, an increase of 18 per cent compared to the previous year.

- I am very pleased with reporting positive results in a time where the industry is facing challenging market conditions, said CEO Bjørn Kjos. I am especially pleased with our cost reductions and improved competitiveness. The unit cost for 2009 was reduced by 13 per cent compared to 2008.

During 2009, Norwegian launched 63 new routes, whereof, 30 in Denmark, 18 in Sweden and 15 new routes in Norway. Today, Norwegian launched, for the first time, new routes from Oslo and Stockholm to Helsinki. See separate press release.

Key figures full year 2009 (2008)

Passengers: 10.8 million (9.1 million)

Revenue: 7.3 BNOK (6.2 BNOK)

Load factor: 78 % (79 %)

EBITDAR: 1.3 BNOK (200 MNOK)

EBITDA: 721 MNOK (-208 MNOK)

EBIT: 572 MNOK (-338 MNOK)

EBT: 623 MNOK (5.3 MNOK)

Net result: 446 MNOK (3.9 MNOK)

Key figures fourth quarter 2009 (Q4 2008)

Passengers: 2.8 million (2.2 million)

Revenue: 1.75 BNOK (1.6 BNOK)

Load factor: 76 % (76 %)

EBITDAR: 205 MNOK (-45 MNOK)

EBITDA: 50.4 MNOK (-169 MNOK)

EBIT: 7.6 MNOK (-199 MNOK)

EBT: 8.7 MNOK (-197 MNOK)

Net result: 0.8 MNOK (-138 MNOK)

Contacts:

SVP Corporate Communications Anne-Sissel Skånvik, tel +47 48 99 44 40

CFO Frode Foss, tel + 47 91 63 16 45

Topics

Contacts

For journalists only

Press contact Norwegian Press Office press@norwegian.com +47 815 11 816

Marketing/sponsorhip requests: marketing@norwegian.com

Press contact Marketing/sponsorship requests: marketing@norwegian.com

Norwegian launches direct flights to Helsinki

Norwegian is strengthening its route network in the Nordic region. For the first time, Norwegian will launch direct flights from Oslo and Stockholm to Helsinki. The new direct flights are part of the strategy to become a strong player in the Nordic market.

11 February 2010 07:23

Norwegian Fourth Quarter Results 2009

Fourth quarter revenue up by 8 % to MNOK 1,749.8 (1,614.7).

Earnings before depreciation and leasing (EBITDAR) in the fourth quarter were MNOK 204.5 (-45.0)

Earnings before depreciation (EBITDA) in the fourth quarter were MNOK 50.3 (-168.8).

Net result after tax in fourth quarter was MNOK 0.8 (-137.5).

Ancillary revenue pr pass