This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Ryanair Holdings Management Discusses Q1 2013 Results - Earnings Call Transcript

Ryanair Holdings (RYAAY)

Q1 2013 Earnings Call

July 30, 2012 9:30 am ET

Executives

Michael O'Leary - Chief Executive Officer, Executive Director, Member of Nomination Committee, Member of Executive Committee, Chief Executive Officer of Ryanair Limited and Director of Ryanair Limited

Howard Millar - Chief Financial Officer and Deputy Chief Executive

Analysts

Mark Manduca - BofA Merrill Lynch, Research Division

Stephen Furlong - Davy, Research Division

James D. Parker - Raymond James & Associates, Inc., Research Division

Gerard Moore - Merrion Stockbrokers Ltd., Research Division

Peter Hyde - Liberum Capital Limited, Research Division

Geof Collyer - Deutsche Bank AG, Research Division

Tim Marshall - Redburn Partners LLP, Research Division

Presentation

Operator

Good day, and welcome to the Ryanair Q1 Results Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Michael O'Leary. Please go ahead, sir.

Michael O'Leary

Okay. Good afternoon, ladies and gentlemen. Thank you for participating in the Ryanair Q1 Conference Call. As it's the Q1 numbers, I'm going to run through it very quickly, and I'm going to spare you all and you'll be pleased to know how we're reading the MD&A. The results release, the MD&A and the investor presentations is on the website, www.ryanair.com. Please feel free to have a look at it and download it as you wish.

So just to summarize today, we announced our Q1 results as we had previously guided at the full year results. The earnings were down 29% to EUR 99 million. Overall, revenues increased 11% as traffic grew 6% and average fares rose by 4%. This led positively [ph] because of unit cost increase of 10%, which is mainly due to a substantial fuel cost increase of over EUR 170 million but Q1 profits declined by EUR 40 million.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs