FINANCIAL TARGETS

Operating profit (EBIT)
EBIT magin at least 6%; 110-120 mill. EUR in the coming few years

EBITDAR
EBITDAR margin at least 17%; over 300 mill. EUR in the coming few years

Economic profit
To create positive value over pretax WACC of 8.5%

Adjusted gearing
Gearing adjusted for aircraft lease liabilities not to exeed 140%

Pay out ratio
Minimum one third of the EPS

TOTAL SHAREHOLDER RETURN (TSR)
On average 15% annual TSR ; to double the value for shareholders in five years

Market Cap
Price to Book minimum target 1.0