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2015-08-13

West Atlantic AB (publ): Financial interim report January - June, 2015

West Atlantic reports strong growth in the second quarter

West Atlantic, the Swedish air freight company, improved its financial
performance significantly in the second quarter with an underlying revenue
growth of 7.4 per cent compared to the same quarter in 2014. The growth is
primarily attributable to the Boeing 737 fleet expansion and the deployment
of the first Boeing 767 aircraft during the period.

"We are delighted to deliver a strong underlying growth in the second quarter
following the successful development of the Group's air freight services.
West Atlantic was awarded six new B737 contracts and our first B767 aircraft
was deployed in operations", says Gustaf Thureborn, CEO of West Atlantic.

Revenues grew 15.1 per cent compared to the same quarter 2014, and adjusted
EBITDA increased to TSEK 65,518 (53,922), corresponding to a margin of 19.4
per cent (18.4).

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 second quarter.

"We believe the strong revenue growth will continue throughout 2015 and the
start of 2016", says Gustaf Thureborn.

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

For further information, please contact:

CEO, Gustaf Thureborn, +46 (0)10-452 95 00

CFO, Magnus Dahlberg, +46 (0)10-452 95 00

IR Manager, Thomas Backteman, +46 (0)708-31 11 66

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, based around six logistic hubs, and currently operates 51
scheduled destinations. The aircraft portfolio includes 46 customised
aircraft in service, 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 2014 West Atlantic had 488
employees. For 2014 West Atlantic reported revenues of MSEK 1,244 and
adjusted EBITDA of MSEK 224.

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 Q2, 2015
http://hugin.info/160193/R/1945203/705156.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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