SAS AB to Provide Monthly Reports for U.S. Bankruptcy Court

Tuesday, March 26, 2024

SAS AB (“SAS” or the “Company”) and its relevant subsidiaries undergoing voluntary chapter 11 proceedings in the U.S. will imminently submit monthly operating reports to the U.S. Bankruptcy Court for the Southern District of New York (“the Court”). These reports, to be filed on a monthly basis, will encompass financial data spanning from November 1, 2023, to February 29, 2024. Obligatory for all SAS entities involved in the chapter 11 process, these reports will detail financial metrics such as cash reserves, assets, liabilities, revenue, and profit/loss for the preceding month.

In conjunction with these filings, SAS discloses consolidated financial information for the SAS Group as of February 29, 2024, as depicted in the table below. It’s pertinent to note that this financial data has not undergone auditing or review by SAS’ auditor.

1) SEK amounts have been converted to USD using the exchange rate of 10.3332 SEK/USD provided by the Swedish Riksbank as of February 29, 2024.

SAS issues a press release alongside its monthly operating report filings, except for the months aligning with the release of SAS’ interim reports.

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