And, of course, the great dedication of the Lufthansa Technik team: Despite all the challenges, such as difficulties in the supply chains and a lack of personnel in many areas, the company succeeded in bringing operations significantly up. Case Study: How Lufthansa Technik is benefiting from the aircraft parts and material market. Lufthansa and Fraport, together with Hassia Mineralquellen, a company that markets some of the finest mineral waters of Germany, intensely tested a closed loop recycling project in late 2021 and upon a successful completion, immediately transferred it to regular operation in Frankfurt. Another important role is played by the strengthening of employer attractiveness, for example through the resumption of compensation increases and profit-sharing schemes after the crisis. Result 2022 The once again worsening pandemic and the discovery of the Omicron variant also had a negative impact from the middle of the fourth quarter. The restructuring expenses that are necessary for the Company to adapt to the changes in the market environment caused by the crisis came to EUR 581m in 2021 (previous year: EUR 233m). Eur Persil 1 002 Mio. Annual Report 2022 - Lufthansa Group | Financial reports Investments are also being made in aircraft maintenance. Lufthansa is one of the world's largest and most prestigious airlines. In the new application, passengers can see directly how many passengers have already offset the CO2emissions of their individual flight on that day and thus become part of a growing community. Its pioneering role is confirmed by leading rating agencies. By issuing several bonds and executing a capital increase as well as other financing measures, we have raised a total of over EUR 8bn. Accept cookies to experience the full functionality of this page. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 39,000+ online stores and marketplaces. To meet the high demand, especially of sun seekers, Lufthansa German Airlines is now offering at short notice or the upcoming Easter holidays more than 50 additional flights to and from Frankfurt as well as Munich. 1)Previous years figures adjusted for the effects of the issue of new shares in connection with the capital increase in September 2021. Through the program, the company adjusted itself to the new market environment. We are shaping the market, not just adapting to it. Already today we have achieved more than three-quarters of the targeted annual savings totaling around EUR 3.5bn. We aspire to set the highest standards in our industry also when it comes to sustainability. We even supply you with digital fleet support. Lufthansa Technik AG significantly increased both revenue and earnings in the financial year 2022 despite a challenging environment. Available capacity in the passenger business, as measured in available seat-kilometres, was expanded continuously over the course of 2021. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Those have two functions: On the one hand they are providing basic functionality for this website. May 8, 2023. In view of these uncertainties, the Group assumes that customers will continue to book at very short notice. The Lufthansa Group also made significant progress with the implementation of its restructuring programme in the reporting period. The planned financing activities mainly serve to repay maturing liabilities. Net income was 791 million euros - a significant improvement on the previous year (2021: -2.2 billion euros). . In the coming years, the Lufthansa Group will take delivery of a total of more than 100 long-haul aircraft of the most modern types. Net indebtedness of EUR 9,023m was 9% below the figure at year-end 2020 due to the equity injection, which more than offset the cash outflow from free cash flow, interest payments and pension fund allocations (31 December 2021: EUR 9,922m). The feature is displayed to guests in the onboard entertainment system. The crisis has had a considerable adverse effect on the development of the MRO business, with a significant decline in flight hours across the Lufthansa Technik's 2020 revenue down 43% due to CORONA . In 2021, the demand for flights increased further, driven by the global progress on vaccination campaigns and relaxation of travel restrictions. Demand for European holiday destinations and long-haul tourist destinations with limited or no travel restrictions rose rapidly in the summer, and demand on North American routes also increased significantly in the autumn. However, for the rest of the year we expect a significant relaxation in the pandemic situation allowing many people to catch up on holidays and business travel. NEW STRENGTH. is therefore the title of our current annual report. In a move that is making a sustainable contribution to climate and environmental protection, Fraport and Lufthansa have teamed up to transfer recyclable PET bottles directly from the aircraft into a sustainable and closed recycling loop. Overall, Adjusted free cash flow reached an all-time high of 2.5 billion euros in the financial year 2022 and improved significantly compared with the previous year (previous year: -1.0 billion euros). The investment volume will be limited by the successful renegotiation of delivery time-tables and payment schedules for aircraft, as well as the use of lease agreements. All state funding in Germany was repaid or the agreements terminated. Other balance sheet positions also improved significantly in the financial year. Its measures helped Lufthansa Technik to organize itself more efficiently, simplify processes and reduce expenses in the long term. Annual Report 2019 KEY FIGURES - DocsLib Adjusted EBIT in the reporting period came to EUR 2,349m (previous year: EUR 5,451m). This cookie is associated with Akamai. 2023 Endeavor Business Media, LLC. Our success remains founded on the partnership with our customers. They profited from their focus on short-haul touristic routes, for which the market recovered much faster than for long-haul routes. With innovative services, a new premium cabin on board, and new digital tools, we want to remain the quality and innovation leader in our industry. Results Group revenue almost doubled compared to last year (+93 percent), reaching 10.1 billion euros in the third quarter (previous year: 5.2 billion euros). This cookie is associated with Akamai. The share price subsequently declined however, partly due to the higher oil price and in expectation of a capital increase which was announced in mid-September. Investor Relations - Lufthansa Group Investor Relations MRO. Over the entire crisis period of 2020 and 2021, the Lufthansa share sustained a loss of 47%, adjusted for the effects of the capital increase. The operating result was even positive again in the third quarter a success that was mostly thanks to our consistent cost reductions. Overall, the Lufthansa Group anticipates that available capacity for the passenger airlines in 2022 will be above 70% of its pre-crisis level, subject to the development of the Ukraine conflict. Annual Report 2023; Archive of past reports ; Regulatory announcements; . Every company that already invests in Sustainable Aviation Fuel spurs the market ramp-up and thus makes an important contribution on the way to CO2-neutral air transport," says Christina Foerster, Chief Customer Officer of Lufthansa Group. (May 8, 2023). Lufthansa German Airlines passengers can take advantage of the offer on short- and medium-haul flights with Internet connectivity to and from Munich. While the past fiscal year saw only a slight increase of four percent in total investment of 99 million euros, a much higher level of capital expenditure is planned for the coming years. 1) Previous year's figures have been adjusted due to amendments in the definition of the figures. The Lufthansa Group is significantly accelerating the modernization of its fleet by ordering 22 new fuel-efficient long-haul aircraft from Airbus and Boeing (seven Boeing 787-9s, ten Airbus A350-1000s, five Airbus A350-900s). A positive trend in demand is also expected in the Aircraft Maintenance Services division, which will also be accompanied by rising prices due to the global shortage of hangar capacities for major checks. Passenger airline revenues increased by 148 percent year-on-year to 22.8 billion euros in the financial year 2022 (previous year: 9.2 billion) due to the significant increase in passenger traffic and higher yields. Annual Report 2021 | PDF | Aviation - Scribd Finally, we are intensifying our activities in the research, development and production of sustainable fuels, in order to secure key capacities. read more. RS Group plc In the summer of 2022, global shortages in the airline industry led to a short-term overload of the overall system. I would like to thank all our employees for their special commitment and their willingness to constantly change and improve our company.. Overall, we welcomed 47 million passengers on board our airlines in the reporting year. They can, therefore, only claim validity up to the date of their publication. Annual Report 2022 3 March 2023 Lufthansa presented its annual report on 3 March. Yields increased in all traffic regions of Lufthansa Cargo and were 21 percent higher overall than in the previous year. From 2022, all Lufthansa Cargo 777 freighters will also be equipped with the new surface technology. Nevertheless, the Lufthansa Group assumes that demand will increase significantly over the year, so that flight capacity can be expanded accordingly over the course of 2022. Deutsche Lufthansa AG publishes speech of Carsten Spohr to be given at the 2022 Annual General Meeting. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. It cannot, however, assume any obligation to adapt forward-looking statements to accommodate events or developments that may occur at some later date. On a scale from "A" (best result) to "D-," the company was rated "B." Lufthansa Cargo reported another record result in 2021. Head of Investor Relations Deutsche Lufthansa AG. And one thing is certain: our long history and experience are an excellent foundation. A notable example from the past financial year is the component contracts signed with three ultra-low-cost carriers in the Indigo Partners group, under which Lufthansa Technik will service some 1,000 aircraft of the Airbus A320 family over the next ten years alone. In the Engine Services business, Lufthansa Technik anticipates significant catch-up effects from the crisis period in 2023 and 2024. The ongoing steep upward trend in air travel will also continue to fuel the demand for maintenance services. Learn more about how Statista can support your business. In the financial year 2022, the company generated an Adjusted EBIT of 1.5 billion euros (previous year: -1.7 billion euros) and thereby returned to a clearly positive result despite high cost inflation, especially regarding fuel costs. As of December 31, 2022, the Lufthansa Group's available liquidity of 10.4 billion euros was even above the newly defined long-term target corridor (previous year: 9.4 billion euros). On the contrary: we love the possibilities technology offers. In Germany alone, for example, Lufthansa Technik 2022 has succeeded in filling more than 2,100 vacancies both internally and externally. In the financial year 2022, the Lufthansa Group continued to put particular focus on the optimization of cash flow. Only a strong balance sheet provides the resilience needed to invest in the future of our business and to manage future crises. Use Ask Statista Research Service. In the measurement of its own CO2emissions (Scope 1 and 2) and those of the supply chain (Scope 3), the Lufthansa Group received the top grade of "A," as in the previous year. Passengers can use the service free of charge via the in-flight Internet on their mobile devices. Letter from Dennis Weber, Head of Investor Relations, Current developments in the Lufthansa Group. This includes non-recurring expenses for restructuring of EUR 581m (previous year: EUR 233m) and non-operating extraordinary expenses for legal procedures of EUR 103m (previous year: EUR 0m). Lufthansa Technik . This website uses cookies. Lufthansa Technik's revenue from 2007 to 2022 (in million euros) [Graph]. EBIT came to EUR 2,316m (previous year: EUR 7,353m). 15.04.2019 Financial newsLufthansa Groups Adjusted EBIT declines to EUR -336 million in the first quarter 15.04.2019 Ad-hoc releaseLufthansa Groups Adjusted EBIT declines to EUR -336 million in the first quarter. In the category of commitment in the value chain, the Lufthansa Group was able to improve significantly. 3rd Interim Report January-September 2022, 3rd Interim Report January-September 2021, 3rd Interim Report January-September 2020, 3rd Interim Report January-September 2019, 3rd Interim Report January-September 2018, 3rd Interim Report January-September 2017, 3rd Interim Report January-September 2016, 3rd Interim Report January-September 2015, 3rd Interim Report January-September 2014, 3rd Interim Report January-September 2013, Health Management and Occupational Safety, Financial strategy & value-based management, Corporate Governance Declaration, Section 289f HGB, Declaration of compliance, Section 161 AktG, Information on corporate governance practises, Board of Management and Supervisory Board procedures, Compensation of the Executive Board and Supervisory Board, Law on the equal participation of women and men in executive positions, Articles of Association and Rules of Procedure, Shares held by members of the Executive Board, Restatement of 2021 Results including Reporting Changes, Consolidated Financial Statements 2020 (ESEF version), Lufthansa Groups Adjusted EBIT declines to EUR -336 million in the first quarter, Presentation by Carsten Spohr and Ulrik Svensson, Presentation by Carsten Spohr and Simone Menne, Presentation by Christoph Franz and Simone Menne, Speech by Christoph Franz and Simone Menne, Restated Full Year data 2012 (IAS 19 new), Speech and Presentation by Stephan Gemkow. Support will be provided by the new employer brand Aviationeers (a combination of Aviation and Pioneers), which will be positioned across a wide range of channels and will also support the increasingly international recruitment of specialists. Within Europe the focus will be on leisure and visiting-friends-and-relatives destinations and the continents main centres, while the SWISS intercontinental network will put a particular emphasis on North American destinations. Report go gender equality real equal payments ; Work-Life-Balance Health Management and Occupational Safety ; Artistic Management ; Business Citizenship . Whether the choice is to the Canary Islands or to exotic far off destinations, the Lufthansa German Airlines flight schedule has a lot to offer and was expanded by a portfolio of attractive new destinations as well as increased frequencies on current routes and the resumption of services. Lufthansa Technik signed a total of 706 new contracts and gained 28 new customers in the process. Adjusted EBIT even set a new record at 511* million euros (previous year: 362 million euros, plus 41%). The annual press conference will be streamed live on www.lufthansagroup.com from 10:00 a.m. CET. SWISS and Austrian Airlines also generated an operating profit for the full year 2022 (SWISS Adjusted EBIT: 476 million euros; Austrian Airlines Adjusted EBIT: 3 million euros). After last years inauguration of a new, much larger repair station outside Dublin for these services, which have recently seen ever increasing demand, the MES network will soon be expanded to include a sixth international location. Lufthansa Technik continues to experience high demand for cabin completions and maintenance for VIP, government and special mission aircraft. Innovative solutions for work-life balance such as converting bonus payments into time off are also part of the large-scale package of measures. Our customer: Lufthansa Technik | RS Group The Lufthansa Group is a global aviation group with a total of more than 580 subsidiaries and equity investments. As with revenue, the EMEA region (Europe, Middle East and Africa) accounted for almost two-thirds of this new business, more than twice as much as the Americas region and around five times as much as the APAC region (Asia Pacific), where the company nevertheless sees major opportunities for future growth. At the same time, the political and economic consequences of the Ukraine conflict could affect our business performance in ways that cannot yet be estimated. It means that we are committed to creating added value for our customers, employees and investors and to meeting our responsibilities toward the environment and society. Furthermore, the Lufthansa Group concluded financing for a total of 20 aircraft in 2021. 2022, marked the 60th anniversary of the first flight operated by Luxair as we know it. Lufthansa Technik AG (LHT) has reported significantly increased revenues and earnings in the financial year 2022, driven by factors including the strong recovery of the aviation industry, which is driving demand for maintenance, repair and overhaul (MRO) of commercial aircraft, continued corporate restructuring, and an advantageous US dollar exc. There will be further investments of this magnitude in the expansion of overhaul capacities for the CFM LEAP engine type and in demand-driven repair solutions (Mobile Engine Services, or MES for short) by 2026. Lufthansa Group expects strong travel season - Operating loss cut by This cookie is associated with Akamai and is used to differentiate between traffic from humans and bots. Revenue is expected to go up year-on-year in 2022, primarily as a result of the further recovery at the passenger airlines. Luxair annual report 2022 Discover Luxair's 2022 Annual Report, "Faces of a memorable journey". The rise in infections in the Groups home markets and the emergence of the Omicron variant had a negative impact on demand towards the end of the year, however. Ad-hoc released. Responsibility will continue to be the foundation of all business activity in the Lufthansa Group. Date of publication: 03March 2022. The signs are still pointing to growth: New contracts with a volume of 9.6 billion euros were signed last year. Declaration 2022 UN Global Compact The Lufthansa Group has participated in the UN Global Compact since 2002 and reports annually on its progress in the area of sustainable corporate governance along the ten principles of the UN Global Compact. It was a year that once again demanded everything of us. For Lufthansa Technik, the Group expects 2023 earnings to be at least on a par with the previous year, reflecting the ongoing recovery of the MRO market combined with inflation-related cost increases. Newsroom. In the future, the company wants to further increase its share of the defense market in particular. There's no reason why we shouldn't have the same presence in the Americas and APAC as we do in EMEA, Stark says. After having successfully entered the military programs CH-47 Chinook (heavy transport helicopter) and P-8A Poseidon (maritime patrol aircraft) through letters of intent with strategic partners in the past fiscal year, Lufthansa Technik hopes for further positive developments in this area. A total of 65 million euros alone is earmarked for the continued construction of a hydraulics workshop at the Hamburg site, which was suspended during the pandemic and is now scheduled for completion by 2025. These cookies are needed for a smooth operation of our website. With its Green Fares, the Lufthansa Group is the first airline group worldwide to offer flight fares that already include offsetting of flight-related CO emissions - 20 percent through the use of sustainable aviation fuels and 80 percent through a contribution to high-quality climate protection projects. Carsten Spohr, Chief Executive Officer and Remco Steenbergen, Member of the Executive Board and Chief Financial Officer, presentthe first half years figures of 2023 in an Analysts' Conference. Communication on Progress 2021 Communication on Progress 2020 Communication on Progress 2019 ", Lufthansa, Lufthansa Technik's revenue from 2007 to 2022 (in million euros) Statista, https://www.statista.com/statistics/264291/revenue-of-lufthansa-technik/ (last visited August 21, 2023), Lufthansa Technik's revenue from 2007 to 2022 (in million euros) [Graph], Lufthansa, May 8, 2023. Some modules are disabled because cookies are declined. The Lufthansa Group is already number one in Europe and number four worldwide. The measures realised to date have generated annual savings of The company is looking to further increase its share of the defense market in particular. The Lufthansa Group is a global aviation group with a total of more than 580 subsidiaries and equity investments. With its sustainability report "Balance," the Lufthansa Group has regularly disclosed its environmental balance sheet since the mid-1990s. Lufthansa Group generates operating profit of 1.1 billion euros in the Contracts with the Lufthansa Group's airlines accounted for roughly one-third of new business last year; two-thirds came from customers outside the Group. Demand for cabin completions and maintenance services for VIP, government and special mission aircraft remains high. Following the strong increase in demand for air travel, the number of offered flights was expanded significantly over the course of the year. Remco Steenbergen, Chief Financial Officer, Deutsche Lufthansa AG: "I have always made it clear that returning to a strong balance sheet was one of our top priorities in overcoming the crisis. Lufthansa Group has almost completed its ambitious transformation and cost reduction program towards the end of last year. Tags. Iata - Mro The market-wide supply was still lower in 2022 than before the pandemic due to the missing belly capacities of passenger aircraft. Close to our customer that's how we define our global strategic network. Revenue increased by almost 80 percent and Adjusted EBIT improved on a like-for-like basis, i.e. Try us! Investments are also being made in aircraft maintenance. Net Income EPS Shares Outstanding Deutsche Lufthansa AG revenue from 2010 to 2023. Adjusted EBIT came to EUR 271m in the fourth quarter (previous year: EUR 1,290m). Head office. 02.11.23 3rd Interim Report 2023; . 1,509. To use individual functions (e.g., mark statistics as favourites, set In the reporting year, the Lufthansa Group also took out two borrowers note loans for EUR 350m and EUR 150m.

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