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starts 1 jan 2020
PCMA, CEMA
announce strategic alliance to support, educate, grow audiences.

Abu Dhabi Convention & Exhibition Bureau
Signs Strategic Agreement with PCMA.
IMEX 12-14 May 2020
‘For 2020, we’re looking on the bright side of life’
says Carina Bauer, CEO of the IMEX Group.
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Technology and Innovation
to Headline Convene Professional Academy.
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Sarawak
Wins Most Business Events in Single Year, Makes History.
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International coach training
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ICC Sydney serves up its
2020 Menu Collection.
Expansion
Kenes Group strengthens its position
with two new offices: in Lisbon and Seville.
10,000 delegates
Scottish Event Campus
secures 2023 European hat-trick.
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BestCities announce new Managing Director
Lesley Williams takes over Managing Director role
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Clarification of Profit Warning Regarding Spanair

The decision by Spanair's Board of Directors to apply for bankruptcy will, as stated in a SAS Group press release on January 27, 2012, imply write downs of SEK 1.7 billion in total that affects the result for the full year 2011.

In a new press release, the SAS Group clarified the press release from January 27, and informed that the result before tax according to the statement of income for 2011 will be negative due to the effects from Spanair.

The SAS Group reported the following as of the third quarter 2011; "Our assessment made in conjunction with the report for the first quarter of 2011 remains valid, but it should be noted that the conditions for fulfilling this forecast have deteriorated. On condition that nothing unexpected occurs, it is our opinion that there is still the potential for SAS to achieve marginally positive income before tax for full-year 2011. The risk in SAS's exposure in Spanair has also increased due to the difficult economic situation in Spain."

SAS has continuously been clear about the risk a possible Spanair bankruptcy could imply and that the risk has increased. The write down affects the result before tax for 2011 with SEK 1.7 billion and the SAS Group expects a negative result for the full year 2011. SAS expects however a marginally positive result before non-recurring items for the full year 2011.