Reported Earnings • Jun 01
First quarter 2026 earnings released: zł9.05 loss per share (vs zł1.54 profit in 1Q 2025) First quarter 2026 results: zł9.05 loss per share (down from zł1.54 profit in 1Q 2025). Revenue: zł482.4m (up 3.7% from 1Q 2025). Net loss: zł158.7m (down zł185.8m from profit in 1Q 2025). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. New Risk • May 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 14% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 14% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • May 26
Enter Air S.A., Annual General Meeting, Jun 18, 2026 Enter Air S.A., Annual General Meeting, Jun 18, 2026, at 12:00 Central European Standard Time. Announcement • May 16
Enter Air S.A. announces Annual dividend, payable on August 21, 2026 Enter Air S.A. announced Annual dividend of PLN 2.5000 per share payable on August 21, 2026, ex-date on August 13, 2026 and record date on August 14, 2026. Announcement • Aug 25
Enter Air S.A. to Report First Half, 2025 Results on Sep 30, 2025 Enter Air S.A. announced that they will report first half, 2025 results on Sep 30, 2025 Announcement • Jan 15
Enter Air S.A. (WSE:ENT) acquired Bokserska Office Center building in Warsaw from Indotek Zrt. Enter Air S.A. (WSE:ENT) acquired Bokserska Office Center building in Warsaw from Indotek Zrt. on January 13, 2025. Greenberg Traurig, LLP acted as legal advisor for Indotek Zrt.
Enter Air S.A. (WSE:ENT) completed the acquisition of Bokserska Office Center building in Warsaw from Indotek Zrt. on January 13, 2025. Announcement • Jan 14
Enter Air S.A. (WSE:ENT) acquired Bokserska Office Center in Warsaw from Indotek Zrt. Enter Air S.A. (WSE:ENT) acquired Bokserska Office Center in Warsaw from Indotek Zrt. on January 13, 2025.
Greenberg Traurig, LLP acted as legal advisor for Indotek Zrt.
Enter Air S.A. (WSE:ENT) completed the acquisition of Bokserska Office Center in Warsaw from Indotek Zrt. on January 13, 2025. Reported Earnings • Sep 27
Second quarter 2024 earnings released: EPS: zł2.28 (vs zł5.13 in 2Q 2023) Second quarter 2024 results: EPS: zł2.28 (down from zł5.13 in 2Q 2023). Revenue: zł772.6m (up 11% from 2Q 2023). Net income: zł40.1m (down 56% from 2Q 2023). Profit margin: 5.2% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. New Risk • Sep 27
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.6% Last year net profit margin: 10% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.6% net profit margin). Upcoming Dividend • Aug 06
Upcoming dividend of zł4.40 per share Eligible shareholders must have bought the stock before 13 August 2024. Payment date: 28 August 2024. The company last paid an ordinary dividend in March 2016. The average dividend yield among industry peers is 3.0%. Announcement • Jun 26
Enter Air to Pay Dividend, Payable on August 28, 2024 Enter Air's shareholders have decided to pay dividend of PLN 77.2 million (EUR 18 mln) in total, which translates into PLN 4.40 (EUR 1.03) per share, Subject to the fulfilment of the dividend condition, the dividend date was set for August 15 and the dividend payment date for August 28, 2024. Announcement • May 31
Enter Air Sp. z o.o., Annual General Meeting, Jun 25, 2024 Enter Air Sp. z o.o., Annual General Meeting, Jun 25, 2024. Reported Earnings • May 30
First quarter 2024 earnings released: zł3.66 loss per share (vs zł0.94 loss in 1Q 2023) First quarter 2024 results: zł3.66 loss per share (further deteriorated from zł0.94 loss in 1Q 2023). Revenue: zł392.9m (up 25% from 1Q 2023). Net loss: zł64.3m (loss widened 290% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 29
Full year 2023 earnings released: EPS: zł11.20 (vs zł4.12 in FY 2022) Full year 2023 results: EPS: zł11.20 (up from zł4.12 in FY 2022). Revenue: zł2.63b (up 16% from FY 2022). Net income: zł196.4m (up 172% from FY 2022). Profit margin: 7.5% (up from 3.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 01
Third quarter 2023 earnings released: EPS: zł3.24 (vs zł5.93 in 3Q 2022) Third quarter 2023 results: EPS: zł3.24 (down from zł5.93 in 3Q 2022). Revenue: zł1.07b (up 6.4% from 3Q 2022). Net income: zł56.9m (down 45% from 3Q 2022). Profit margin: 5.3% (down from 10% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 02
Second quarter 2023 earnings released: EPS: zł5.13 (vs zł1.77 loss in 2Q 2022) Second quarter 2023 results: EPS: zł5.13 (up from zł1.77 loss in 2Q 2022). Revenue: zł697.7m (up 16% from 2Q 2022). Net income: zł90.0m (up zł121.0m from 2Q 2022). Profit margin: 13% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 04
First quarter 2023 earnings released: zł0.94 loss per share (vs zł3.91 loss in 1Q 2022) First quarter 2023 results: zł0.94 loss per share (improved from zł3.91 loss in 1Q 2022). Revenue: zł313.8m (up 46% from 1Q 2022). Net loss: zł16.5m (loss narrowed 76% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • May 31
Enter Air Sp. z o.o., Annual General Meeting, Jun 22, 2023 Enter Air Sp. z o.o., Annual General Meeting, Jun 22, 2023, at 12:00 Central European Standard Time. Reported Earnings • Dec 01
Third quarter 2022 earnings released: EPS: zł5.93 (vs zł4.31 in 3Q 2021) Third quarter 2022 results: EPS: zł5.93 (up from zł4.31 in 3Q 2021). Revenue: zł1.01b (up 87% from 3Q 2021). Net income: zł104.0m (up 38% from 3Q 2021). Profit margin: 10% (down from 14% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 02
Second quarter 2022 earnings released: zł1.77 loss per share (vs zł1.11 profit in 2Q 2021) Second quarter 2022 results: zł1.77 loss per share (down from zł1.11 profit in 2Q 2021). Revenue: zł602.6m (up 171% from 2Q 2021). Net loss: zł31.0m (down 259% from profit in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Reported Earnings • May 03
Full year 2021 earnings released: zł6.68 loss per share (vs zł8.79 loss in FY 2020) Full year 2021 results: zł6.68 loss per share (up from zł8.79 loss in FY 2020). Revenue: zł1.12b (up 138% from FY 2020). Net loss: zł117.1m (loss narrowed 24% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Reported Earnings • Dec 02
Third quarter 2021 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2021 results: EPS: zł4.31 (up from zł1.96 in 3Q 2020). Revenue: zł536.9m (up 184% from 3Q 2020). Net income: zł75.6m (up 120% from 3Q 2020). Profit margin: 14% (down from 18% in 3Q 2020). Revenue exceeded analyst estimates by 29%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 107 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 03
Second quarter 2021 earnings released: EPS zł1.11 (vs zł3.19 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł222.7m (up zł202.1m from 2Q 2020). Net income: zł19.5m (up zł75.5m from 2Q 2020). Profit margin: 8.8% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 04
First quarter 2021 earnings released: zł6.63 loss per share (vs zł4.39 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: zł85.0m (down 59% from 1Q 2020). Net loss: zł116.3m (loss widened 51% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance. Reported Earnings • May 05
Full year 2020 earnings released: zł8.78 loss per share (vs zł4.85 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: zł470.5m (down 71% from FY 2019). Net loss: zł154.1m (down 281% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Dec 29
New 90-day high: €8.02 The company is up 57% from its price of €5.12 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is up 39% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: €7.30 The company is up 38% from its price of €5.28 on 08 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is up 11% over the same period. Reported Earnings • Dec 04
Third quarter 2020 earnings released: EPS zł1.96 The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2020 results: Revenue: zł189.3m (down 73% from 3Q 2019). Net income: zł34.4m (down 42% from 3Q 2019). Profit margin: 18% (up from 8.4% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Nov 19
New 90-day high: €6.26 The company is up 10.0% from its price of €5.70 on 20 August 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Airlines industry, which is up 20% over the same period. Is New 90 Day High Low • Oct 16
New 90-day low: €4.30 The company is down 35% from its price of €6.60 on 17 July 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Airlines industry, which is down 22% over the same period. Reported Earnings • Oct 04
First half earnings released Over the last 12 months the company has reported total losses of zł92.3m, with earnings decreasing by zł188.0m from the prior year. Total revenue was zł1.21b over the last 12 months, down 16% from the prior year. Announcement • Jul 17
Enter Air Sp. z o.o. to Report Q1, 2020 Results on Jul 31, 2020 Enter Air Sp. z o.o. announced that they will report Q1, 2020 results on Jul 31, 2020