Wizz Air Holdings PLC (OTCPK:WZZAF)
$ 16.03 0 (0%) Market Cap: 1.86 Bil Enterprise Value: 6.89 Bil PE Ratio: 5.80 PB Ratio: 4.12 GF Score: 70/100
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Half Year 2020 Wizz Air Holdings PLC Earnings Call Transcript

Nov 13, 2019 / 09:00AM GMT
Release Date Price: $50
Operator

Good morning, ladies and gentlemen. Welcome to the Wizz Air Half Year Results Conference Call. I now hand over to the CEO, Jozséf Verdi. Sir, please go ahead.

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

¡ -

Good morning, everyone. Thanks for coming to this presentation. So we are reporting the first half of our financial year, fiscal '20. We believe that the business delivered very strong set of numbers. A great result, I would even say, beyond our expectations. We delivered a record net profit of EUR 372 million. But essentially, when you look at the entire metrics, the financial metrics, we believe are record numbers. Passenger numbers grew 18% to EUR 22 million in this period. I believe we were the most growing airline in the whole industry in Europe at that growth rate. Our cost performance continued to be very strong. Again, I think we are the only airline in Europe that records continuous unit cost decline, all other airlines see unit per scrip. And also, we've seen some very strong revenue performance coming out of

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