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SAS AB (SAS.ST)

SAS.ST on Stockholm Stock Exchange

25.30SEK
24 Nov 2017
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Latest Key Developments (Source: Significant Developments)

SAS adjusts conversion price on convertible bonds due 2019
Monday, 13 Nov 2017 11:35am EST 

Nov 13 (Reuters) - SAS :SAS adjusts conversion price on SEK 1.6 billion ($190.64 million) convertible bonds due 2019.Says ‍from and including 13 november 2017 bonds will carry a conversion price of SEK 23.73​.  Full Article

SAS contemplates issuance of SEK bonds
Monday, 13 Nov 2017 08:00am EST 

Nov 13 (Reuters) - SAS AB :SAS contemplates issuance of SEK bonds.Says has mandated Danske Bank and Nordea as Global Coordinators together with SEB and Swedbank as Joint Bookrunners to arrange a series of fixed income investor meetings commencing on 15 November 2017.Says a SEK 5 year benchmark senior unsecured bond will follow, subject to market conditions.Says ‍proceeds from contemplated bond issue will be used for refinancing of outstanding financial indebtedness and general corporate purposes​.  Full Article

SAS ‍scheduled traffic dips 3 pct in October
Friday, 10 Nov 2017 05:04am EST 

Nov 10 (Reuters) - SAS AB :SAS traffic figures - October 2017.Says ‍scheduled traffic (RPK) decreased 3% and capacity (ASK) was up 2%.​.Says ‍load factor decreased by 3.8 p.u. versus last year to 74.9%​.Says ‍preliminary currency adjusted yield and PASK increased 9% and 4% respectively in October 2017 versus last year​.Says ‍nominal yield and PASK increased 7% and 2% respectively in October 2017 versus last year​.  Full Article

Airline SAS raises SEK 1.27 bln in private placement
Thursday, 9 Nov 2017 02:00am EST 

Nov 9 (Reuters) - SAS AB :SAS strengthens shareholders' equity by approximately SEK 1,270 million through a private placement of 52.5 million common shares.Says ‍decided to conduct a private placement by issuing 52.5 million common shares at a subscription price of SEK 24.20 per common share, corresponding to a discount of 7.3 percent compared with the closing price on Nov 8.Says shares subscribed for by Scandinavian and international institutional investors​.Says ‍Danish state also participated in accelerated book-building process and received allocation of approximately 7.5 million common shares​.Says ‍now intends to initiate redemption of preference shares from February 2018, using proceeds from this private placement and acquired earnings​.  Full Article

SAS says increases potential private placement to about SEK 1.25 bln
Thursday, 9 Nov 2017 01:12am EST 

STOCKHOLM, Nov 9 (Reuters) - SAS :As a result of strong investor interest, SAS has decided to increase the volume of the potential issue to approximately SEK 1.25 billion.In a stock exchange announcement earlier today, SAS informed that it was evaluating the preconditions for carrying out a private placement of common shares for approximately SEK 1 billion nL5N1NE7S6.  Full Article

Sas ab says evaluating possibility of directed share issue of about 1 billion sek ‍​
Wednesday, 8 Nov 2017 11:32am EST 

Nov 8 (Reuters) - Sas Ab :SAS AB has retained Nordea Bank AB (publ), SpareBank 1 Markets AS (Joint Global Coordinators and Joint Bookrunners) and HSBC Bank plc (Joint Bookrunner) to evaluate the preconditions for carrying out a private placement of common shares for approximately SEK 1 billion through an accelerated book-building process..SAS intends to use any issue proceeds raised to strengthen its shareholders’ equity and commence future redemption of preference shares from February 2018‍​.  Full Article

SAS publishes preliminary 2016/17 earnings, sets outlook for next year
Friday, 3 Nov 2017 03:00am EDT 

Nov 3 (Reuters) - SAS AB :SAS publishes its preliminary earnings for 2016/2017 and outlook for 2017/2018 ahead of today's extraordinary shareholders' meeting.Says ‍altogether, developments during Q4 2016/2017 indicate following for 2016/2017 fiscal year.SAS operations performed as expected in the fourth quarter​.Says ‍revenue of about SEK 42.5 (39.5) billion​.Says ‍income before tax: about SEK 1.7 (1.4) billion​.Says ‍income before tax and nonrecurring items: about SEK 1.9 (0.9) billion​.Says ‍financial preparedness: about 37% (41%)​.Says ‍outlook for 2017/2018:​.Says ‍SAS expects expansion of total market capacity in autumn and winter 2017/2018 to accelerate compared with beginning of 2017​.Says ‍at same time, SAS will consolidate capacity growth implemented over last few years​.Says ‍planned capacity growth (ASK) for SAS in 2017/2018 is therefore only 1-3 pct compared with previous year​.Says ‍to meet increase in market capacity, SAS is endeavoring to strengthen competitiveness by efficiency enhancements and greater flexibility in its production platform​.Says ‍in 2017/2018, efficiency measures are expected to generate an earnings impact of about SEK 0.7 billion​.Says ‍following a seasonally weak first six months in 2017/2018, potential exists for a strong summer in 2018​.Says ‍outlook for 2017/2018: SAS expects to deliver income before tax and nonrecurring items in interval of SEK 1.5-2.0 billion​.Says ‍outlook is based on no unexpected events occurring.​.  Full Article

Danish govt aims to keep same stake in airline SAS after share issue
Friday, 6 Oct 2017 02:32am EDT 

Oct 6 (Reuters) - DENMARK'S FINANCE MINISTRY SAYS IN STATEMENT ON FRIDAY::GOVERNMENT SUPPORTS SHARE ISSUE IN SCANDINAVIAN AIRLINE SAS <<>>.WILL SEEK MANDATE TO PARTICIPATE IN SHARE ISSUE IN AIRLINE SAS.AIMS TO KEEP THE SAME SHARE OF OWNERSHIP IN PERCENTAGE AFTER POTENTIAL SHARE ISSUE IN SAS.SAS AB SAID ON FRIDAY IT IS SEEKING AUTHORIZATION FOR A POTENTIAL DIRECTED SHARE ISSUE AND INTENDS TO CALL FOR AN EXTRAORDINARY GENERAL MEETING nFWN1MG0LW.  Full Article

Airline SAS seeks authorisation for possible share issue
Friday, 6 Oct 2017 02:00am EDT 

Oct 6 (Reuters) - SAS AB :SAS AB seeking authorization for a potential directed share issue and intends to call for an extraordinary general meeting.Says ‍intends to call for an extraordinary general meeting, to be held on 3 november, with a proposal to authorize board of directors to be able to resolve on issuing not more than 66 million common shares​.Says ‍main shareholders are expected to support board of directors' proposal for an authorization​.Says ‍board has not resolved on utilizing a potential authorization, but would, pursuant to evaluation of alternative financing methods, wish to have possibility​.  Full Article

BRIEF-SAS to negotiate with pilots on Wednesday -NTB
Wednesday, 13 Sep 2017 07:51am EDT 

Repeats to additional subscribers, no chantes in text:SAS will meet the pilots for negotiations at the National Mediator's Office on Wednesday at GMT 12 to avoid escalation of strike from Thursday, news agency NTB reported..SAS hopes to end a strike by two pilots in Norway before the strike escalates on Thursday nL5N1LU2MN.  Full Article

SAS agrees wage deal with Norway pilots, ending strike

OSLO, Sept 14 Scandinavian airline SAS has agreed to a new three-year wage deal with pilots at its Norwegian unit, ending a strike that had threatened to paralyse a large part of the carrier's network, the company said on Thursday.