Revenue of US$360 million; Net Income of US$99 million
Dubai, U.A.E., 9 May 2019 – Dubai Aerospace Enterprise (DAE) Ltd. reported financial results for the three months ended 31 March 2019.
- Total Revenue: US$360.0 million (Q1 2018: US$352.4 million)
- Profit: US$99.0 million (Q1 2018: US$96.0 million)
- Pre-Tax Profit Margin: 30% (Q1 2018: 31%)
- Net Debt-to-Equity: 2.56x (Year-end 2018: 2.57x)
- Unsecured Debt as a percentage of Total Debt: 54% (Year-end 2018: 46%)
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About DAE
Dubai Aerospace Enterprise (DAE) Ltd. is a globally recognized aerospace corporation and one of the largest aircraft leasing companies in the world. Headquartered in Dubai, DAE’s leasing and engineering divisions serve over 125 airline customers around the world from its seven locations in Dubai, Dublin, Amman, Singapore and the US.
DAE’s award-winning leasing division DAE Capital has an owned, managed and committed fleet of approximately 355 Airbus, ATR and Boeing aircraft with a fleet value of US$13 billion. More information can be found on the company’s web site at www.dubaiaerospace.com.
For further information, please contact:
| Media | Fixed Income Investors |
| Arne Bevaart | Sinan Kahya |
| +971 4 428 9591 | +971 4 428 9593 |
| press.office@dubaiaerospace.com | investorrelations@dubaiaerospace.com |