“Strong free cash flow, increased turnover"
Kuoni Group once again achieved positive growth in 2012. Turnover increased by 14.4% on the year to CHF 5 845 million (2011: CHF 5 111 million). Earnings before amortisation (EBITA) came to CHF 119.3 million, an increase of 5.7% (2011: CHF 112.9 million), recording its highest EBITA for four years. Earnings before interest and taxes (EBIT) decreased toCHF 53.3 million (2011: CHF 74.2 million), reflecting a one-time charge relating to the withdrawal from loss-making European tour operating activities. EBITA excluding these exceptional charges came to CHF 131.1 million and EBIT stood at CHF 92.3 million.