SAS Interim report January-December 2002

• Operating revenue for the year amounted to MSEK 64,944 (51,433), an increase of 26.3%. For comparable units and adjusted for currency effects, operating revenue decreased during the period by 1.0% or MSEK 512.

• Income before depreciation and leasing costs for aircraft (EBITDAR) amounted to MSEK 7,294 (3,168) for the full year, an increase of 130%. EBITDAR for the fourth quarter was MSEK 1,332 (–122).

• Income before capital gains for the year was MSEK –951 (–2,282). Income for the fourth quarter amounted to MSEK –809 (–1,613). Excluding non-recurring items, income before capital gains for the full year 2002 was MSEK –736 (–2,282).

• Income before tax amounted to MSEK –450 (–1,140). The result for the fourth quarter was MSEK –683 (–1,147).

• CFROI for the full year 2002 was 13% (7%).

• Earnings per share for the period January–December amounted to SEK –0.81 (–6.65) for the SAS Group and equity per share amounted to SEK 92.33 (96.06).