For the financial gurus:
It is quite clear that only 20% of the income came from the home market, therefore, by definition, if the new structure allows just for Norway based operations, 80% of the revenue would be lost.. having said that, the biggest growth in revenue 29% came from "other" which translates to selling aircraft, fuel hedging, selling fixed assets, exchange transactions etc.. if you like "wooden dollars" as these transactions are really "one off".
Interestingly, USA and Spain were the second biggest source of pax revenues, again, with the demise of LH ops, thats another 19% lost.
A sensible model would appear to be a much reduced fleet, just SH and Norway and Spain operations.
In terms of who's buying shares, there are no apparent large single investors, and with the price so low perhaps many are taking a punt with over 66% of the shares up for grabs.
Sales per Business
2018 2019 Delta NOK (in Million) % NOK (in Million) % Passenger Transport 32,560 82.3% 35,216 82.6% +8.16% Ancillary 6,267 15.8% 6,652 15.6% +6.14% Other 695.60 1.8% 899.00 2.1% +29.24% Freight 743.30 1.9% 755.10 1.8% +1.59%
Sales per region
2019 NOK (in Million) % Norway 8,644 20.3% United States 8,313 19.5% Spain 6,005 14.1% Other 4,585 10.8% United Kingdom 4,458 10.5% Sweden 3,430 8% Denmark 2,977 7% France 1,949 4.6% Italy 1,214 2.8% Finland 1,206 2.8