Financial review

Events after the balance sheet date

On February 21st 2018, the European Competition authorities announced the outcome of the investigation in the form of an industry settlement, including WWL AS, EUKOR and four other carriers. The investigation revealed certain instances of conduct contrary to company policies and in breach of EU competition laws. As a part of the industry settlement, WWL AS and EUKOR were  fined EUR 207 million in total. WWL had made a provision for the outcome of the investigation and consequently the fine does not impact the income statement.