Free Post Earnings Research Report: Ryanair's Earnings Advanced 15.63%
LONDON, UK / ACCESSWIRE / June 21, 2018 / If you want access to our free earnings report on Ryanair Holdings PLC (RYAAY) ("Ryanair"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=RYAAY. The Company reported its financial results on May 21, 2018, for the full fiscal year 2018 ended March 31, 2018. Ryanair reported significant improvements in operating revenues and earnings in FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Ryanair Holdings most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
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Earnings Highlights and Summary
For FY18, Ryanair's total operating revenues from continuing operations reached €7.15 billion, reflecting an increase of 7.57% from €6.65 billion in FY17. For the year under review, Ryanair's scheduled revenues increased by 5.46% to €5.13 billion on a y-o-y basis, due to growth in traffic of 9% to 130.3 million, offset by a reduction in average fares of 3% to €39.40. Moreover, the Company's ancillary revenues rose 13.34% to €2.02 billion on a y-o-y basis in FY18, due to a growth of 9% in traffic, and the higher uptake of reserved seating, priority boarding, and car hire, offset by lower travel insurance and hotels.
During FY18, Ryanair incurred total operating expenses of €5.48 billion, 7.23% higher than €5.11 billion in FY17. The Company's fuel and oil costs declined 0.55% to €1.90 billion in the reported year from €1.91 billion in the prior year. Ryanair's airport and handling charges advanced 8.53% to €938.60 million on a y-o-y basis, while its staff costs increased 16.67% to €738.50 million on a y-o-y basis in FY18. The Company's operating profit from continuing operations was €1.67 billion in FY18 compared to €1.53 billion in FY17, reflecting an increase of 8.69%.
For the twelve months ended March 31, 2018, Ryanair's profit attributable to equity holders of parent was €1.45 billion, 10.21% higher than €1.32 billion in the same period of last year. The Company's basic earnings per share (EPS) also rose 15.63% to €1.21 in the reported year from €1.05 in the previous year.
Cash Matters
Ryanair had cash and cash equivalents of €1.52 billion as on March 31, 2018, an increase of 23.77% from €1.22 billion as on March 31, 2017. The Company had a net debt of €282.90 million at the end of FY18, up from €244.20 million at the end of FY17.
For the year ended March 31, 2018, Ryanair's net cash provided by operating activities was €2.23 billion, 15.88% higher than €1.93 billion in the last year.
Ryanair incurred a capital expenditure of €1.47 billion in FY18, an increase of 1.43% from €1.45 billion in FY17. The Company returned €829.10 million to shareholders in the reported year compared to €1.02 billion in the previous year. In February 2018, Ryanair's Board of Directors approved another €750m share buyback program, which the Company intends to complete by the end of October 2018.
Outlook
For the full fiscal year 2019, Ryanair expects to grow traffic by 7% to 139 million, at flat load factors of 95%. The Company expects unit costs to rise by 9% due to higher staff and oil prices which will, when adjusted for volume growth, add more than €400 million to the fuel bill. Ryanair expects profits to be in the range of €1.25 billion to €1.35 billion for FY19.
Stock Performance Snapshot
June 20, 2018 - At Wednesday's closing bell, Ryanair's stock advanced 3.06%, ending the trading session at $117.09.
Volume traded for the day: 274.90 thousand shares.
Stock performance in the previous six-month period - up 13.34%; past twelve-month period - up 7.97%; and year-to-date - up 12.38%
After yesterday's close, Ryanair's market cap was at $27.70 billion.
Price to Earnings (P/E) ratio was at 16.57.
The stock is part of the Services sector, categorized under the Regional Airlines industry. This sector was up 0.6% at the end of the session.
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