West Atlantic AB (publ): Interim report for the period January – march 2017

January – March

• Strong growth through additional revenue from The 737 generated through the new contract with the Royal Mail. The growth rate amounted to 21.0 % compared with the same period of the previous year.

• EBITDA amounted to 30.7 M (4,1), corresponding to a margin of 7.8 % (1,3).

• Earnings per share 0.54 (-1,70).

• Increased costs for subcontractors, as a result of delayed flygplansleveranser.

• Delivery was taken of a The 737-400 aircraft via a long-term operating lease.

Financial information & key performance indicators for the Group

The report can be downloaded in its entirety on the http://www.westatlantic.eu/

For further information, please contact:

The CEO, Fredrik Groth, +46 (0) 10-452 97 09

CFO, Magnus Dahlberg, +46 (0) 10-452 95 49

If The West Atlantic

West Atlantic is a leading supplier of fraktflygslösningar in Europe. West Atlantic offers mainly fraktflygslösningar to the european NMO’s and fraktflygkapacitet to the Global Integrators and Freight Forwarders. The company has a well-established geographical network, which is operated by a fleet of 48 customized aircraft, the majority of these are wholly-owned. West Atlantic was founded in 1962 and has its headquarters in Gothenburg, sweden. Activities are carried out in most of Europe, and 2015 had West Atlantic 477 employees. In 2016, reported West Atlantic revenue of 1 320 Million and EBITDA of Sek 128 million.

WAG Interim report Q1, 2017