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2016-02-26

West Atlantic AB (publ): Financial Interim Report January - December, 2015

West Atlantic reports strong growth in the fourth quarter

West Atlantic, the Swedish air freight company, reported an underlying revenue
growth of 9.2 per cent compared to the same quarter in 2014. The growth is
primarily attributable to the Boeing 737 fleet expansion and the deployment
of three Boeing 767 aircraft during the year.

"We are delighted to deliver a strong underlying growth in the fourth quarter
following the successful development of the Group's air freight services.
West Atlantic has continuously phased in new B737 and B767 capacity during
the year with more to follow.", says Gustaf Thureborn, CEO and President of
West Atlantic.

Revenues grew 12.6 per cent compared to the same quarter 2014, and adjusted
EBITDA amounted to TSEK 61,463 (55,590), corresponding to a margin of 16.9
per cent (17.2).

The overall development of the European air freight market remains strong with
regards to both temporary cover and long term additions which is illustrated
by the awards during the year.

"We believe the revenue growth will continue for the first half of 2016", says
Gustaf Thureborn.

The full report can be downloaded at http://www.westatlantic.eu/

For further information, please contact:

CEO, Gustaf Thureborn, +46 (0) 10-452 95 07
CFO, Magnus Dahlberg, +46 (0) 10-452 95 49

The West Atlantic Group is one of the market leading providers of dedicated
air freight services to European NMO's and air freight capacity to Global
Integrators and Freight Forwarders. The Group has a well-established
geographic network and operates an aircraft fleet of 48 customised aircraft,
whereof a majority is wholly owned. West Atlantic was founded in 1962 and is
headquartered in Gothenburg, Sweden. Operations are performed all over Europe
and per December 31 2015 West Atlantic had 511 employees. For 2015 West
Atlantic reported revenues of MSEK 1,410 and adjusted EBITDA of MSEK 248.

West Atlantic AB (publ) discloses the information contained in this interim
report pursuant to the Swedish Securities Market Act and/or the Swedish
Financial Instrument Trading Act.

WAG Interim Report Q4, 2015
http://hugin.info/160193/R/1989944/730944.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: West Atlantic AB (publ) via Globenewswire

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