Annual report 2008 - Advanced Inflight Alliance AG

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26 3. Changes in the business and the organization Currently, there are no specific plans to modify the company in organizational terms. Yet changes might arise in connection with additional acquisitions. We cannot preclude, furthermore, that we will eliminate subsidiaries‘ names in order to align the Group‘s corporate image and restructure it under a common corporate name by region in the next few years. The Management Board will only take this step after weighing all related risks. Such a step would also aim to achieve further cost reductions as well as further intragroup efficiency gains. 4. Future sales and earnings Consolidated sales will surpass the EUR 100 million mark in 2009 and 2010 unless the global financial crisis continues to intensify or oil prices skyrocket yet again. The Management Board expects the company to continue along a profitable trajectory during this period. However, it cannot foresee at this time whether the results of the 2008 financial year will be surpassed. 5. Opportunities Our greatest opportunities continues to arise from the ongoing consolidation of the inflight entertainment niche market. Compared to its competitors, the Group has a broader portfolio of products and services and a larger network of branch offices. This fact puts additional pressure on our remaining competitors and makes us much more attractive to potential customers because we deliver. The likelihood that smaller competitors will withdraw from the market and/or that we will have the opportunity to acquire them has increased, as have the opportunities for gaining additional customers among carriers. The acquisition of a market leader in the inflight computer game segment in 2008 significantly enhanced our business opportunities. 6. Overall appraisal of the company‘s probable development The Management Board is cautiously optimistic about the company‘s future in 2009, barring unforeseen negative events. In the final analysis, we are unable to sufficiently gauge the ramifications of the financial market crisis for our customers and thus our business. Overall, the Group is better positioned than its competition and, as a result, will have additional business opportunities if competitors fail, especially in light of the global financial crisis. Hence its prospects for 2009 and 2010 are as positive as its financial position as of the reporting date, despite the ongoing downturn of the global economy and the decline in carriers‘ earnings, allowing the Group to take advantage of business opportunities as they arise. Advanced Inflight Alliance AG Munich, Germany, April 15, 2009 Otto Dauer Peter Biewald Chief executive officer Chief financial officer
Otto Dauer (left) Chief executive officer Peter Biewald (right) Chief financial officer 27
Page 1 and 2: ANNUAL REPORT 2008
Page 3 and 4: Contents 5 Group struccture Advance
Page 5 and 6: Group structur Advanced Inflight Al
Page 7 and 8: neu Fairdeal Multimedia Pvt. Ltd.,
Page 9 and 10: The customers of the Group include
Page 11 and 12: 4.4 Currency developments On an ann
Page 13 and 14: 9. Course of business and key event
Page 15 and 16: neu Effective June 04, 2008, the Ma
Page 17 and 18: Finance income Finance income dropp
Page 19 and 20: Financial management Our financial
Page 21 and 22: Some of our subsidiaries‘ contrac
Page 23 and 24: 2. Significant individual risks Ext
Page 25: Litigation risks All litigation wit
Page 30 and 31: 30 ADVANCED INFLIGHT ALLIANCE AG, M
Page 38: 38 ADVANCED INFLIGHT ALLIANCE AG, M

Annual report 2008 - Advanced Inflight Alliance AG

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