30 Jun. 2021
|
30 Jun. 2022
|
Change
| |
Customers
|
8.1m
|
45.5m
|
+461%
|
Load Factor
|
73%
|
92%
|
+19pts
|
Revenue
|
€0.37bn
|
€2.60bn
|
+602%
|
Op. Costs
|
€0.68bn
|
€2.38bn*
|
+253%
|
Net (Loss)/ PAT
|
(€273m)
|
€170m*
|
n/m
|
EPS (euro cent)
|
(24.16)
|
16.53
|
n/m
|
At Jun 30,
|
At Mar 31,
| |||
2022
|
2022
| |||
Note
|
€M
|
€M
| ||
Non-current assets
| ||||
Property, plant and equipment
|
9
|
9,273.4
|
9,095.1
| |
Right-of-use asset
|
120.2
|
133.7
| ||
Intangible assets
|
146.4
|
146.4
| ||
Derivative financial instruments
|
11
|
259.9
|
185.1
| |
Deferred tax
|
24.3
|
42.3
| ||
Other assets
|
98.8
|
72.1
| ||
Total non-current assets
|
9,923.0
|
9,674.7
| ||
Current assets
| ||||
Inventories
|
4.5
|
4.3
| ||
Other assets
|
467.6
|
401.1
| ||
Trade receivables
|
11
|
62.1
|
43.5
| |
Derivative financial instruments
|
11
|
1,868.8
|
1,400.4
| |
Restricted cash
|
11
|
22.7
|
22.7
| |
Financial assets: cash > 3 months
|
11
|
3,067.7
|
934.1
| |
Cash and cash equivalents
|
11
|
1,553.8
|
2,669.0
| |
Total current assets
|
7,047.2
|
5,475.1
| ||
Total assets
|
16,970.2
|
15,149.8
| ||
Current liabilities
| ||||
Provisions
|
11.3
|
9.2
| ||
Trade payables
|
11
|
1,331.9
|
1,029.0
| |
Accrued expenses and other liabilities
|
3,839.9
|
2,992.8
| ||
Current lease liability
|
59.6
|
56.9
| ||
Current maturities of debt
|
11
|
1,221.9
|
1,224.5
| |
Derivative financial instruments
|
11
|
32.0
|
38.6
| |
Current tax
|
51.0
|
47.7
| ||
Total current liabilities
|
6,547.6
|
5,398.7
| ||
Non-current liabilities
| ||||
Provisions
|
105.6
|
94.1
| ||
Trade payables
|
27.7
|
49.2
| ||
Deferred income tax liability
|
314.6
|
266.5
| ||
Non-current lease liability
|
71.6
|
81.4
| ||
Non-current maturities of debt
|
3,693.9
|
3,714.6
| ||
Total non-current liabilities
|
4,213.4
|
4,205.8
| ||
Shareholders' equity
| ||||
Issued share capital
|
12
|
6.9
|
6.8
| |
Share premium account
|
12
|
1,336.7
|
1,328.2
| |
Other undenominated capital
|
3.5
|
3.5
| ||
Retained earnings
|
3,065.2
|
2,880.9
| ||
Other reserves
|
1,796.9
|
1,325.9
| ||
Shareholders' equity
|
6,209.2
|
5,545.3
| ||
Total liabilities and shareholders' equity
|
16,970.2
|
15,149.8
|
Note
|
Pre-Except. Change
%
|
Pre-Except.
|
Except.
|
IFRS
|
IFRS
| ||
Quarter
Ended
June 30,
2022
|
Quarter
Ended
June 30,
2022
|
Quarter
Ended
June 30,
2022
|
Quarter
Ended
June 30,
2021
| ||||
€M
|
€M
|
€M
|
€M
| ||||
Operating revenues
| |||||||
Scheduled revenues
|
+721%
|
1,576.4
|
-
|
1,576.4
|
191.9
| ||
Ancillary revenues
|
+474%
|
1,025.1
|
-
|
1,025.1
|
178.6
| ||
Total operating revenues
|
+602%
|
2,601.5
|
-
|
2,601.5
|
370.5
| ||
Operating expenses
| |||||||
Fuel and oil
|
-559%
|
1,032.7
|
(20.0)
|
1,012.7
|
156.6
| ||
Airport and handling charges
|
-287%
|
337.4
|
-
|
337.4
|
87.1
| ||
Staff costs
|
-147%
|
274.5
|
-
|
274.5
|
111.0
| ||
Route charges
|
-376%
|
249.0
|
-
|
249.0
|
52.3
| ||
Depreciation
|
-69%
|
226.4
|
-
|
226.4
|
134.3
| ||
Marketing, distribution and other
|
-142%
|
173.7
|
-
|
173.7
|
71.9
| ||
Maintenance, materials and repairs
|
-43%
|
88.2
|
-
|
88.2
|
61.8
| ||
Total operating expenses
|
-253%
|
2,381.9
|
(20.0)
|
2,361.9
|
675.0
| ||
Operating profit/(loss)
|
219.6
|
20.0
|
239.6
|
(304.5)
| |||
Other (expenses)/income
| |||||||
Net finance expense
|
(20.1)
|
-
|
(20.1)
|
(21.4)
| |||
Foreign exchange
|
(16.5)
|
-
|
(16.5)
|
1.4
| |||
Total other (expenses)/income
|
-83%
|
(36.6)
|
-
|
(36.6)
|
(20.0)
| ||
Profit/(loss) before tax
|
183.0
|
20.0
|
203.0
|
(324.5)
| |||
Tax (charge)/credit
|
4
|
(13.0)
|
(2.5)
|
(15.5)
|
51.9
| ||
Profit/(loss) for the quarter - attributable to equity holders of parent
|
170.0
|
17.5
|
187.5
|
(272.6)
| |||
Profit/(loss) per ordinary share (€):
| |||||||
Basic
|
0.1653
|
(0.2416)
| |||||
Diluted
|
0.1646
|
(0.2416)
| |||||
Weighted avg. no. of ord. shares (in Ms):
| |||||||
Basic
|
1,134.6
|
1,128.3
| |||||
Diluted
|
1,139.3
|
1,128.3
|
Quarter
|
Quarter
| |
Ended
|
Ended
| |
June 30,
|
June 30,
| |
2022
|
2021
| |
€M
|
€M
| |
Profit/(loss) for the quarter
|
187.5
|
(272.6)
|
Other comprehensive income:
| ||
Items that are or may be reclassified to profit or loss:
| ||
Cash flow hedge reserve movements:
| ||
Net movement in cash flow hedge reserve
|
469.3
|
89.6
|
Other comprehensive profit for the quarter, net of income tax
|
469.3
|
89.6
|
Total comprehensive profit/(loss) for the quarter - attributable to equity holders
of parent
|
656.8
|
(183.0)
|
Quarter
|
Quarter
| |||
Ended
|
Ended
| |||
Note
|
June 30,
|
June 30,
| ||
2022
€M
|
2021
€M
| |||
Operating activities
| ||||
Profit/(loss) after tax
|
187.5
|
(272.6)
| ||
Adjustments to reconcile profit/(loss) after tax to net cash provided by operating activities
| ||||
Depreciation
|
226.4
|
134.3
| ||
(Increase) in inventories
|
(0.2)
|
(0.2)
| ||
Tax charge/(credit) on profit/(loss)
|
15.5
|
(51.9)
| ||
Share based payments
|
5
|
2.6
|
2.4
| |
(Increase) in trade receivables
|
(18.6)
|
(3.7)
| ||
(Increase) in other assets
|
(66.5)
|
(77.2)
| ||
Increase in trade payables
|
233.6
|
63.1
| ||
Increase in accrued expenses
|
843.2
|
788.8
| ||
Increase in provisions
|
13.6
|
1.0
| ||
Foreign exchange
|
(30.9)
|
9.1
| ||
Decrease in net finance expense
|
3.2
|
0.9
| ||
Income tax refunded
|
1.2
|
0.2
| ||
Net cash provided by operating activities
|
1,410.6
|
594.2
| ||
Investing activities
| ||||
Capital expenditure - purchase of property, plant and equipment
|
9
|
(416.2)
|
(82.0)
| |
Supplier reimbursements
|
9
|
41.2
|
113.9
| |
(Increase) in financial assets: cash > 3 months
|
(2,133.6)
|
(4.8)
| ||
Net cash (used in)/provided by investing activities
|
(2,508.6)
|
27.1
| ||
Financing activities
| ||||
Net proceeds from shares issued
|
4.5
|
3.2
| ||
Proceeds from long term borrowings
|
-
|
1,192.0
| ||
Repayments of long term borrowings
|
(39.8)
|
(896.3)
| ||
Lease liabilities paid
|
(13.1)
|
(14.6)
| ||
Net cash (used in)/provided by financing activities
|
(48.4)
|
284.3
| ||
(Decrease)/increase in cash and cash equivalents
|
(1,146.4)
|
905.6
| ||
Net foreign exchange differences
|
31.2
|
(4.4)
| ||
Cash and cash equivalents at beginning of the year
|
2,669.0
|
2,650.7
| ||
Cash and cash equivalents at end of the quarter
|
1,553.8
|
3,551.9
|
Issued
|
Share
|
Other
|
Other
| |||||
Ordinary
|
Share
|
Premium
|
Undenom.
|
Retained
|
Reserves
|
Other
| ||
Shares
|
Capital
|
Account
|
Capital
|
Earnings
|
Hedging
|
Reserves
|
Total
| |
M
|
€M
|
€M
|
€M
|
€M
|
€M
|
€M
|
€M
| |
Balance at April 01, 2021
|
1,128.1
|
6.7
|
1,161.6
|
3.5
|
3,232.3
|
211.3
|
31.2
|
4,646.6
|
Loss for the year
|
-
|
-
|
-
|
-
|
(240.8)
|
-
|
-
|
(240.8)
|
Other comprehensive income
|
-
|
-
| ||||||
Net movements in cash-flow reserve
|
-
|
-
|
-
|
-
|
-
|
1,084.1
|
-
|
1,084.1
|
Total other comprehensive income
|
-
|
-
|
-
|
-
|
-
|
1,084.1
|
-
|
1,084.1
|
Total comprehensive (loss)/income
|
-
|
-
|
-
|
-
|
(240.8)
|
1,084.1
|
-
|
843.3
|
Transactions with owners of the
| ||||||||
Company recognised directly in equity
| ||||||||
Issue of ordinary equity shares
|
6.5
|
0.1
|
112.2
|
-
|
(65.5)
|
-
|
-
|
46.8
|
Additional share premium on the allotment of shares
|
-
|
-
|
54.4
|
-
|
(54.4)
|
-
|
-
|
-
|
Share-based payments
|
-
|
-
|
-
|
-
|
-
|
-
|
8.6
|
8.6
|
Transfer of exercised and share based awards
|
-
|
-
|
-
|
-
|
9.3
|
-
|
(9.3)
|
-
|
Balance at March 31, 2022
|
1,134.6
|
6.8
|
1,328.2
|
3.5
|
2,880.9
|
1,295.4
|
30.5
|
5,545.3
|
Profit for the quarter
|
-
|
-
|
-
|
-
|
187.5
|
-
|
-
|
187.5
|
Other comprehensive income
| ||||||||
Net movements in cash flow reserve
|
-
|
-
|
-
|
-
|
-
|
469.3
|
-
|
469.3
|
Total other comprehensive income
|
-
|
-
|
-
|
-
|
-
|
469.3
|
-
|
469.3
|
Total comprehensive income
|
-
|
-
|
-
|
-
|
187.5
|
469.3
|
-
|
656.8
|
Transactions with owners of the
| ||||||||
Company recognised directly in equity
| ||||||||
Issue of ordinary equity shares
|
0.7
|
0.1
|
8.5
|
-
|
(4.1)
|
-
|
-
|
4.5
|
Share-based payments
|
-
|
-
|
-
|
-
|
-
|
-
|
2.6
|
2.6
|
Transfer of exercised and expired share based awards
|
-
|
-
|
-
|
-
|
0.9
|
-
|
(0.9)
|
-
|
Balance at June 30, 2022
|
1,135.3
|
6.9
|
1,336.7
|
3.5
|
3,065.2
|
1,764.7
|
32.2
|
6,209.2
|
Ryanair DAC
|
Malta Air
|
Other Airlines
|
Elimination
|
Total
| |
Quarter Ended
|
Jun 30,
|
Jun 30,
|
Jun 30,
|
Jun 30,
|
Jun 30,
|
2022
|
2022
|
2022
|
2022
|
2022
| |
€M
|
€M
|
€M
|
€M
|
€M
| |
Scheduled revenue
|
1,556.1
|
-
|
20.3
|
-
|
1,576.4
|
Ancillary revenue
|
1,025.1
|
-
|
-
|
-
|
1,025.1
|
Inter-segment revenue
|
191.8
|
205.1
|
115.0
|
(511.9)
|
-
|
Segment revenue
|
2,773.0
|
205.1
|
135.3
|
(511.9)
|
2,601.5
|
Reportable segment profit after income tax (i)
|
154.6
|
2.5
|
12.9
|
-
|
170.0
|
Other segment information:
| |||||
Net Finance Expense
|
(19.6)
|
-
|
(0.5)
|
-
|
(20.1)
|
Depreciation
|
(212.4)
|
-
|
(14.0)
|
-
|
(226.4)
|
Capital Expenditure
|
(417.8)
|
-
|
(4.0)
|
-
|
(421.8)
|
Segment assets
|
16,629.4
|
83.2
|
257.6
|
-
|
16,970.2
|
Segment liabilities
|
10,021.4
|
96.5
|
643.1
|
-
|
10,761.0
|
Ryanair DAC
|
Malta Air
|
Other Airlines
|
Elimination
|
Total
| |
Quarter Ended
|
Jun 30,
|
Jun 30,
|
Jun 30,
|
Jun 30,
|
Jun 30,
|
2021
|
2021
|
2021
|
2021
|
2021
| |
€M
|
€M
|
€M
|
€M
|
€M
| |
Scheduled revenue
|
185.6
|
-
|
6.4
|
-
|
192.0
|
Ancillary revenue
|
178.5
|
-
|
-
|
-
|
178.5
|
Inter-segment revenue
|
196.7
|
142.6
|
57.4
|
(396.7)
|
-
|
Segment revenue
|
560.8
|
142.6
|
63.8
|
(396.7)
|
370.5
|
Reportable segment (loss) after income tax
|
(244.8)
|
(2.7)
|
(25.1)
|
-
|
(272.6)
|
Other segment information:
| |||||
Net Finance Expense
|
(20.4)
|
-
|
(1.0)
|
-
|
(21.4)
|
Depreciation
|
(119.9)
|
-
|
(14.4)
|
-
|
(134.3)
|
Capital Expenditure
|
(269.5)
|
-
|
(0.5)
|
-
|
(270.0)
|
Segment assets
|
12,961.8
|
91.3
|
343.1
|
-
|
13,396.2
|
Segment liabilities
|
8,069.7
|
115.6
|
741.7
|
-
|
8,927.0
|
Quarter Ended
Jun 30, 2022
|
Quarter Ended
Jun 30, 2021
| ||
€M
|
€M
| ||
Italy
|
582.2
|
110.2
| |
Spain
|
466.6
|
72.6
| |
United Kingdom
|
379.1
|
30.5
| |
Ireland
|
152.2
|
9.7
| |
Other European countries
|
1,021.4
|
147.5
| |
Total revenue
|
2,601.5
|
370.5
|
At Jun 30,
|
At Jun 30,
|
At Mar 31,
|
At Mar 31,
| |
2022
|
2022
|
2022
|
2022
| |
Carrying
|
Fair
|
Carrying
|
Fair
| |
Amount
|
Value
|
Amount
|
Value
| |
Non-current financial assets
|
€M
|
€M
|
€M
|
€M
|
Derivative financial instruments:
| ||||
- U.S. dollar currency forward contracts
|
231.4
|
231.4
|
160.4
|
160.4
|
- Jet fuel & carbon derivative forward contracts
|
25.0
|
25.0
|
22.2
|
22.2
|
- Interest rate swaps
|
3.5
|
3.5
|
2.5
|
2.5
|
259.9
|
259.9
|
185.1
|
185.1
| |
Current financial assets
| ||||
Derivative financial instruments:
| ||||
- U.S. dollar currency forward contracts
|
489.8
|
489.8
|
313.7
|
313.7
|
- GBP currency swap
|
-
|
-
|
-
|
-
|
- Jet fuel options
|
166.0
|
166.0
|
150.5
|
150.5
|
- Jet fuel & carbon derivative forward contracts
|
1,210.2
|
1,210.2
|
934.1
|
934.1
|
- Interest rate swaps
|
2.8
|
2.8
|
2.1
|
2.1
|
1,868.8
|
1,868.8
|
1,400.4
|
1,400.4
| |
Trade receivables*
|
62.1
|
43.5
| ||
Cash and cash equivalents*
|
1,553.8
|
2,669.0
| ||
Financial asset: cash > 3 months*
|
3,067.7
|
934.1
| ||
Restricted cash*
|
22.7
|
22.7
| ||
6,575.1
|
1,868.8
|
5,069.7
|
1,400.4
| |
Total financial assets
|
6,835.0
|
2,128.7
|
5,254.8
|
1,585.5
|
At Jun 30,
|
At Jun 30,
|
At Mar 31,
|
At Mar 31,
| |
2022
|
2022
|
2022
|
2022
| |
Carrying
|
Fair
|
Carrying
|
Fair
| |
Amount
|
Value
|
Amount
|
Value
| |
Non-current financial liabilities
|
€M
|
€M
|
€M
|
€M
|
Non-current maturities of debt
| ||||
- Long-term debt
|
902.7
|
904.5
|
924.8
|
927.1
|
- Bonds
|
2,791.2
|
2,643.8
|
2,789.8
|
2,792.1
|
3,693.9
|
3,548.3
|
3,714.6
|
3,719.2
| |
Trade payables*
|
27.7
|
49.2
|
49.2
| |
3,721.6
|
3,548.3
|
3,763.8
|
3,768.4
| |
Current financial liabilities
| ||||
Derivative financial instruments:
| ||||
- Jet fuel & carbon derivative contracts
|
0.2
|
0.2
|
7.6
|
7.6
|
- U.S. dollar currency forward contracts
|
31.8
|
31.8
|
31.0
|
31.0
|
32.0
|
32.0
|
38.6
|
38.6
| |
Current maturities of debt
| ||||
- Short-term debt
|
136.9
|
136.9
|
152.1
|
152.1
|
- Promissory notes
|
238.5
|
238.5
|
225.9
|
225.9
|
- Bonds
|
846.5
|
846.5
|
846.5
|
855.0
|
1,221.9
|
1,221.9
|
1,224.5
|
1,233.0
| |
Trade payables*
|
1,331.9
|
1,029.0
| ||
Accrued expenses*
|
1,145.4
|
953.0
| ||
3,731.2
|
1,253.9
|
3,245.1
|
1,271.6
| |
Total financial liabilities
|
7,452.8
|
4,802.2
|
7,008.9
|
5,040.0
|
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Disclaimer
Ryanair Holdings plc published this content on 25 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 July 2022 11:23:14 UTC.