Wizz Air Holdings PLC (BUD:WIZZAIR)
Ft 7000 -90 (-1.27%) Market Cap: 732.60 Bil Enterprise Value: 2.69 Til PE Ratio: 5.83 PB Ratio: 4.14 GF Score: 74/100
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Full Year 2020 Wizz Air Holdings PLC Earnings Call Transcript

Jun 03, 2020 / 08:00AM GMT
Operator

Welcome to the Wizz Air 2020 Full Year Results Call. (Operator Instructions)

Just to remind you, this conference call is being recorded. Today, I am pleased to present József Váradi, CEO; and Jourik Hooghe, CFO. Gentlemen, please begin your meeting.

József VÃ;radi
Wizz Air Holdings Plc - CEO & Executive Director

¡ -

Good morning, everyone. This is József. Thank you for joining this call. This is kind of an unprecedented format of delivering results, but these are the times we are in. As a matter of fact, Wizz Air delivered record revenue and net profit. Maybe nobody is interested anymore about the performance of the last financial year, but actually, we had a pretty good year. Revenue grew 20%. Net profit grew 30% and we expanded our margin performance. The improvement came in on the basis of very significant asset revenue growth. We grew those revenues by 14% per passenger and also on a very strong cost performance, ex-fuel costs came down 1%. And you recall that this is sort of the guidance that we had been giving to the market

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