Air France-KLM SA (OTCPK:AFRAF) Q1 2025 Earnings Convention Name April 30, 2025 3:30 AM ET
Firm Members
Ben Smith – Chief Govt Officer
Steven Zaat – Chief Monetary Officer
Convention Name Members
Jarrod Citadel – UBS
Jaime Rowbotham – Deutsche Financial institution
Harry Gowers – JPMorgan
Andrew Lobbenberg – Barclays
Antonio Duarte – Goodbody
Operator
Good morning, and welcome to the Air France-KLM First Quarter 2025 Outcomes Presentation. Right now’s convention is being recorded. Right now, I want to flip the convention over to Ben Smith, CEO and Steven Zaat, CFO. Please go forward, sir’s.
Ben Smith
Okay. Thanks, operator. Good morning, everybody and thanks for becoming a member of us immediately for the presentation of Air France-KLM’s outcomes for the primary quarter of 2025. Right now, I am joined by Steven Zaat, our Group CFO. I’ll begin by protecting the important thing highlights of the quarter earlier than I hand it over to Steven, who will stroll you thru the detailed monetary outcomes. After which I will shut with an outline of our medium-term ambitions, earlier than opening the ground to your questions.
So transferring to Slide 3. So we’re very proud to report that the group delivered an improved efficiency this quarter, as soon as once more demonstrating the resilience and power of our enterprise mannequin. Revenues had been up 8% year-over-year, pushed by a strong efficiency throughout all our actions together with upkeep. Our working end result improved by €161 million reaching a unfavorable €328 million, a major step ahead in comparison with the identical interval final 12 months supported by sturdy unit income, improvement a extra favorable gasoline value surroundings and an general enchancment in operational efficiency. I obtained to apologies for maybe some background noise the constructing subsequent door is beneath heavy journey work, so hopefully you may hear us clearly.
Our internet debt-to-EBITDA ratio now stands at 1.6
