14-Mar-2014 8:04 AM
Lufthansa Group achieves targets in 2013, expects positive performance in 2014
Lufthansa Group revenue stable - financial highlights for 2013:
- Total revenue: EUR30,028 million, -0.4% year-on-year;
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- Passenger Airline Group: EUR23,513 million, -0.2%;
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- Lufthansa Passenger Airlines: EUR17,302 million, +0.2%;
- SWISS: EUR4223 million, +0.1%;
- Austrian Airlines: EUR2069 million, -4.1%;
- Logistics: EUR2442 million, -9.2%;
- MRO: EUR4180 million, +4.2%;
- Catering: EUR2514 million, +0.4%;
- IT Services: EUR640 million, +5.1%;
- Total operating costs: EUR31,379 million, -0.1%;
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- Labour: EUR7350 million, +9.0%;
- Fuel: EUR7058 million, -4.5%;
- Operating profit: EUR697 million, -16.9%;
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- Passenger Airline Group: EUR495 million, -11.0%;
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- Lufthansa Passenger Airlines: EUR265 million, +960%;
- SWISS: EUR226 million, +10.8%;
- Austrian Airlines: EUR25 million, -87.7%;
- Logistics: EUR77 million, -26.7%;
- MRO: EUR404 million, +23.2%;
- Catering: EUR105 million, +4.0%;
- IT Services: EUR36 million, +80.0%;
- Net profit: EUR313 million, -74.5%;
- Passenger numbers: 104.6 million, +1.0%;
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- Lufthansa Passenger Airlines: 76.3 million, +1.4%;
- SWISS: 17.0 million, +0.5%;
- Austrian Airlines: 11.3 million, -1.6%;
- Passenger load factor: 79.8%, +1.0 ppt;
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- Lufthansa Passenger Airlines: 79.1%, +1.0 ppt;
- SWISS: 83.3%, +0.9 ppt;
- Austrian Airlines: 78.6%, +1.1 ppt;
- Cargo volume: 2.0 million tonnes, -0.9%;
- Total assets: EUR29,084 million;
- Cash and cash equivalents: EUR1550 million;
- Total liabilities: EUR22,976 million. [more - original PR]
Lufthansa Group: "The Group expects a positive business performance in the current year, too. As in 2013, the higher results should come largely from the passenger business. The Group's adjusted operating result should therefore increase again by around 40% and would come to between EUR1.7 billion and EUR1.9 billion for 2014. The reported operating result of the Lufthansa Group, including restructuring and project costs, should reach EUR1.3 billion to EUR1.5 billion at the end of the year." Source: Company statement, 13-Mar-2014.