Wizz Air lines up IPO

Wizz Air says it intends to proceed with an initial public offering (IPO) and will be seeking a Premium Listing on the London Stock Exchange.In Central and Eastern Europe (CEE), Wizz Air has a market share of 37.7% for the six months to 30 September 2014 (1H15 for the company’s fiscal year).At the end of September 2014, Wizz Air had built a network covering 37 countries from 18 bases in 10 CEE countries with flights to 106 destinations on over 350 routes. Wizz Air carried more than 8.8 million passengers in 1H15 and 13.9 million passengers in the twelve months to 31 March 2014.In 1H15, Wizz Air achieved a 23.5% increase in revenue, achieving €727.3 million which was a 37.2% increase in EBITDAR compared with €254.8 million in the same period last year. The carrier also reported a 44.5% increase in net profit to €158.1 million and an EBITDAR margin of 35.0% in 1H15.

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