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We Care About Your Time! We care about your time! SAS koncernens Årsredovisning & Hållbarhetsredovisning 2010 Finansiell kalender 2011 Innehåll Månatlig trafiktalsinformation utkommer den femte arbetsdagen. Utförlig uppda- terad finansiell kalender finns på www.sasgroup.net under Investor Relations Inledning Årsredovisning 2010 2 Snabbguide till årsredovisningen 60 Förvaltningsberättelse SAS koncernen: 2011 Mar 3 Viktiga händelser, kvartalsvis 66 Resultaträkning inklusive rapport över övrigt totalresultat 4 SAS koncernen i korthet 67 Kommentarer till resultaträkningen Apr 11 april • Årsstämma 5 Verksamheten i korthet 68 Resultaträkning - kvartalsvisa uppgifter 6 VD-ord 69 Balansräkning Maj Q1 2011: 10 maj • Delårsrapport 1 ( jan-mar) 70 Kommentarer till balansräkningen 70 Förändring i eget kapital Jun SAS koncernens strategi och marknad 71 Kassaflödesanalys med kommentarer Jul 72 Noter till de finansiella rapporterna 8 SAS stärker sin strategiska position 99 SAS AB, moderföretag Aug Q2 2011: 17 augusti • Delårsrapport 2 ( jan-jun) 9 Affärsidé, kommersiella fokus, vision, mål och värdedrivande huvudfaktorer Sep 10 SAS strategiska fokus - Core SAS Bolagsstyrning 13 SAS - en attraktiv arbetsgivare Okt 13 Koncernens varumärken 101 Ordförande har ordet Nov Q3 2011: 8 november • Delårsrapport 3 ( jan-sep) 14 Kostnadsmedvetenhet och konkurrenskraft 101 Information om årsstämma 16 SAS koncernens erbjudande 102 Bolagsstyrningsrapport Dec 18 EuroBonus ökar kundvärdet 107 Intern kontroll - finansiell rapportering 20 Star Alliance stärker kunderbjudandet 108 SAS koncernens ansvarsområden, SAS koncernens legala struktur 2012 Jan 23 Marknadsutveckling och konkurrenter & SAS koncernens fackligag struktur inom Skandinavien 27 Hög flygsäkerhet och kvalitet 109 Koncernledning Feb Februari 2012 • Bokslutskommuniké 2011 28 Luftfartens villkor och kvalitetsprocesser 110 Styrelse & revisorer Mar Mars • Årsredovisning & Hållbarhetsredovisning 2011 Flygbolagens verksamhet Revisionsberättelse 30 SAS koncernens linjenät 112 Revisionsberättelse ochch RapportRapport om Årsstämma 31 Flygbolagens verksamhet bolagsstyrningsrapportenoorten 33 Scandinavian Airlines SAS koncernens årsstämma hålls den 11 april kl 14.00 i 35 Widerøe Köpenhamn: Bella Center, Copenhagen Congress Center. 36 Blue1 Hållbarhetsredovisninging Stockholm: Berns Salonger, Berzelii Park. Oslo: Radisson BLU Plaza Hotel, Sonja Henies Plass 3. 114 Hållbarhetsarbetet i korthetorthet För utförligare information, se vidare sid 101. Individual Holdings 116 Ansvar för hållbar utvecklingeckling 118 Miljöansvar 37 Bolag för avyttring 128 Samhällsansvar Distributionspolicy 132 Ekonomiskt ansvar 134 SAS hållbarhetsrelateraderrade Alla rapporter finns på engelska och svenska och kan hämtas på Kapitalmarknaden policies www.sasgroup.net 135 Bestyrkanderapport 39 Kapitalmarknaden och information till ägarna SAS koncernens tryckta Årsredovisning & Hållbarhetsredovisning distribueras 41 Finansiella mål och strategier endast till de aktieägare som begärt detta, men kan även beställas via e-mail: 42 SAS aktieutveckling Definitioner & begrepppp [email protected] 45 Externa faktorer, cykler och trender 46 SAS koncernens flottastrategi 136 Definitioner & begreppp 48 Finansiering, investeringar och kassa 137 Hållbarhetsdefinitionereer & begreppbegrepp Kontakter SAS koncernen 50 Risker och riskhantering Investor Relations: Vice President Sture Stølen +46 8 797 14 51 Fakta [email protected] Environment and sustainability: Director Lars Andersen Resare 54 Trafiktal och nyckeltal per bolag +46 709 97 23 46 55 Koncernens resultaträkningar och trafiktal per marknad [email protected] 56 Koncernens operationella nyckeltal 57 Ekonomisk tioårsöversikt och Star Alliance-fakta 58 Finansiella nyckeltal 59 Flygplansflottan Scandinavian Airlines var Europas punktligaste fl ygbolag 2009 och 2010. För att erbjuda fl est frekvenser och förbindelser lanserar SAS ytterligare 150 nya avgångar per vecka under våren 2011. Med välfyllda plan och en positiv utveckling på den skandinaviska marknaden är SAS koncernen på väg mot sitt mål samt lönsam tillväxt i takt med marknaden. Snabbguide till årsredovisningen Inledning sid 3-7 Strategi, marknad, erbjudande sid 8-29 Flygbolagens verksamhet sid 30-37 SAS nya VD och koncernchef Rickard Gustafson SAS erbjudanden baseras på affärsresenärernas Flygverksamheten utgörs av Scandinavian kommer att fortsätta arbetet med att skapa ett behov av service och enkelhet. Koncernens för- Air lines, Blue1 och Widerøe. Genom välfyllda lönsamt SAS. På dessa sidor presenteras koncer- bättrade kostnadsposition genom Core SAS stra- flygplan har prispressen motverkats och enhets- nen i korthet och vilka förutsättningar och möjlig- tegin ökar konkurrenskraften och SAS ambition är intäkten stabiliserats. Koncernen transporterade heter SAS har. Både tidigare tillförordnad VD och nu att växa lönsamt i takt med marknaden. 25,2 miljoner passagerare under 2010 och koncernens nya VD kommenterar utvecklingen. passagerarintäkterna från flygverksamheten uppgick till 29,9 miljarder SEK. Kapitalmarknaden sid 39-52 Fakta, nyckeltal, trafiktal och flottan sid 54-59 Årsredovisning & bolagsstyrning sid 60-111 Hållbarhetsredovisning sid 113-135 Under 2010 stärktes kassan genom ny finansie- Kapacitetsreduktionen under första delen av Koncernens årsredovisning och noter samt bo- Arbetet med hållbarhetsfrågor bidrar på olika ring bland annat i form av en företrädesemission. året avspeglas i de trafikrelaterade nyckeltalen lagsstyrningsrapport. Bolagsstyrning beskriver sätt till ökad värdetillväxt och konkurrenskraft. SAS aktien hade under året en svagare utveckling och även i andra mått såsom antal anställda. De tankegångar och bestämmelser hur bolag ska Hållbarhetsaspekter blir allt viktigare, både för än börsen generellt. anställdas produktivitet har ökat och kabinfaktorn ägas och styras. Bolagsstyrningen i SAS koncer- kunderna, kapitalmarknaden och investerare förbättrats. I översikten över nyckeltal kan utläsas nen är baserad på svensk lagstiftning. som noggrant följer koncernens hållbarhets- att kabinfaktorn är på en rekordnivå. arbete. 2 | SAS koncernens Årsredovisningårsredovisning 20102010 Viktiga händelser kvartalsvis 1:a kvartalet 2010 SAS företrädesemission uppgående till cirka 5 miljarder 4:e kvartalet 2010 övertecknades med 50%. Scandinavian Airlines var Europas punktligaste flygbolag 2009 SAS genomförde sammanläggning av aktier 1:30. Mats Jansson, VD och koncernchef, lämnade sin befattning när det gäller ankomsttider i kategorin ”stora flygbolag” enligt Konverteringskursen för det konvertibla obligationslånet den 1 oktober 2010. John Dueholm utsågs till tillförordnad VD FlightStats. justerades till 46,50 SEK. och koncernchef. SAS koncernens styrelse beslutade att genomföra en nyemis- Dotterföretaget SGS UK outsourcades. Den 9 november bötfällde EU-kommissionen SAS Cargo med sion med företrädesrätt för SAS aktieägare, om cirka 5 miljarder Den 9 juni deltog SAS piloter under 8 timmar i en sympati- 660 MSEK i den flygfraktsundersökning som pågått sedan 2006. SEK, vilken godkändes av årsstämman den 7 april 2010. strejk kopplad till en konflikt mellan det svenska regionalflyg- I samband med initiativ för förenkling av flottastrukturen skrev Kostnadsprogrammet inom Core SAS utvidgades med 2,5 mil- bolaget AVIA och dess piloter. SAS ned bokfört värde av MD-90 med 200 MSEK. jarder SEK och uppgår nu till totalt 7,8 miljarder SEK. Svåra väderförhållanden i november och december påverkade Båda huvudvillkoren för de fyra huvudägarnas deltagande i flyget i mindre utsträckning än andra transportmedel. SAS kost- företrädesemissionen uppfylldes: nader för trafikstörningarna beräknas till mellan 70 och 80 MSEK. - Avtal med fackföreningarna för piloter och kabinpersonal om 3:e kvartalet 2010 SAS beslutade att utöka sitt linjenät med nya interkontinentala årliga besparingar om 500 MSEK linjer. Bland annat kommer Oslo-New York att öppnas i slutet av - Refinansiering genom utfärdande av ett konvertibelt obliga- SAS Cargo ingick förlikningsavtal avseende tvister i USA som mars 2011 och Köpenhamn-Shanghai förväntas öppna under tionslån på 1,6 miljarder SEK samt andra obligationslån på innebar en negativ effekt om 104 MSEK på resultatet. vintern 2011/2012. totalt 1,6 miljarder SEK. SAS lanserade sin största lågpriskampanj någonsin. SAS genomförde flytt av koncernens huvudkontor från SAS andel i Skyways Holding AB späddes ut till 19,9%. SAS trafiksatte ytterligare ett långdistansflygplan för att möta Frösundavik, Solna, till Arlanda flygplats. SAS avyttrade dotterföretaget Air Maintenance Estonia till den ökade efterfrågan på interkontinentalt resande. private equity och venture capital-investorn BaltCap. SAS beviljas inte prövningstillstånd i Norges Högsta domstol för överklagan av domen att betala skadestånd samt rätte- Händelser efter årsskiftet gångskostnader till Norwegian Air Shuttle. Detta innebar en negativ effekt om 218 MSEK på koncernens resultat. Rickard Gustafson tillträdde som VD och 2:a kvartalet 2010 SAS var under kvartalet världens punktligaste större flygbolag koncernchef den 1 februari 2011. Riksrevisionen i Danmark avgav en rapport avseende Statens Scandinavian Airlines utnämndes av det Den 15 april stängdes det skandinaviska luftrummet på grund Luftfartsvesens tillsyn av SAS. I rapporten kritiserades SAS oberoende analysföretaget FlightStats till av aska från vulkanen Eyjafjallajökull på Island. Den totala resul- för överskridanden av AD-noter (luftvärdighetsdirektiv). Riks- Europas punktligaste flygbolag 2010. tatpåverkan
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