Overview
Ethiopian Airlines Group is Ethiopia's state-owned flag carrier, wholly owned by the Federal Democratic Republic of Ethiopia. It operates passenger and cargo services, airports, MRO, aviation training, catering, and hotel businesses from its Addis Ababa hub.
Total income rose 18% to ETB 403.9B while net profit held essentially flat at ETB 49.0B (marginally below the prior year's ETB 48.98B); total assets grew to ETB 743.9B.
SourceETB 403.91B
ETB 48.98B
ETB 743.85B
SourceETB 354.93B
Performance
Income statement
| Fiscal year | 2014EC | 2015EC | 2016EC |
|---|---|---|---|
| Total Revenue | ETB 262.72B | ETB 342.72B | ETB 403.91B |
| Total Expenses | ETB 215.2B | ETB 293.74B | ETB 354.93B |
| Net Profit | ETB 47.52B | ETB 48.98B | ETB 48.98B |
| Operating Revenue | ETB 253.06B | ETB 332.32B | ETB 396.7B |
| Other Income | ETB 9.47B | ETB 8.99B | ETB 4.73B |
| Finance Income | ETB 189.51M | ETB 1.41B | ETB 2.48B |
| Operating Expense | ETB 205.27B | ETB 281.84B | ETB 339.84B |
| Finance Costs | ETB 8.02B | ETB 9.33B | ETB 9.9B |
| Fx Translation Loss | ETB 1.81B | ETB 2.47B | ETB 4.88B |
| Profit Tax | ETB 89.65M | ETB 100.2M | ETB 316.01M |
Balance sheet
| Fiscal year | 2014EC | 2015EC | 2016EC |
|---|---|---|---|
| Total Assets | ETB 577.28B | ETB 670.2B | ETB 743.85B |
| Equity | ETB 228.69B | ETB 287.21B | ETB 347.77B |
| Non Current Assets | ETB 458.14B | ETB 507.58B | ETB 543.96B |
| Current Assets | ETB 119.14B | ETB 162.62B | ETB 199.89B |
| Total Liabilities | ETB 348.6B | ETB 383B | ETB 396.08B |
Cash flow
| Fiscal year | 2014EC | 2015EC | 2016EC |
|---|---|---|---|
| Operating | ETB 121.09B | ETB 108.81B | ETB 102.81B |
| Investing | -ETB 51.47B | -ETB 51.42B | -ETB 46.01B |
| Financing | -ETB 50B | -ETB 50.13B | -ETB 44B |
Financial health
Return on equity (ROE)
14.1%
Return on assets (ROA)
6.6%
Capital adequacy ratio (CAR)
—
Non-performing loans (NPL)
—
Cost-to-income
—
Liquidity ratio
—
Passengers
17.1M
Employees
17,591
Competitors
Peer institutions in the same sector, latest fiscal year.
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Net profit · 2017EC
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Net profit · 2016EC
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Net profit · 2017EC
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Net profit · 2017EC
ETB 12.81M
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Net profit · 2017EC
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Net profit · 2017EC
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Net profit · 2017EC
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Net profit · 2016EC
ETB 43.31M