The Board of Directors of Kuoni Reisen Holding AG is proposing to the Annual General Meeting of Shareholders on April 17, 2013 that it pay a dividend in the form of a withholding tax free distribution against reserves from capital contributions. The proposed distribution is unchanged at CHF 0.60 per registered share A and CHF 3.00 per registered share B. The company reported consolidated earnings results for the year ended December 31, 2012. For the year, the company reported turnover of CHF 5,845.5 million compared to CHF 5,111.3 million a year ago. Earnings before interest, taxes and amortization (EBITA) was CHF 1,119.3 million compared to CHF 112.9 million a year ago. Earnings before interest and taxes (EBIT) were CHF 53.3 million compared to CHF 74.2 million a year ago. Net loss was CHF 13.2 million compared to net income of CHF 33.3 million a year ago. Free cash flow was CHF 63.5 million compared to CHF 55.2 million a year ago. The growth is due to the positive performance of the Global Travel Services (GTS) division, the tour operating business in Outbound Nordic, and VFS Global's visa services business. Cash flow from operating activities stood at CHF 106 million compared to CHF 110 million a year ago. Result before taxes was CHF 7,656,000 compared to CHF 64,791,000 a year ago. Basic and diluted loss per share was CHF 3.87 compared to earnings per share of CHF 9.22 a year ago.

Kuoni Reisen Holding AG announced that they will report fiscal year 2012 results at 7:00 AM, Central European Standard Time on Mar 21, 2013

Kuoni Reisen Holding AG, 2012 Earnings Call, Mar 21, 2013