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Lufthansa Group operating profit up 28%, expects 'mid three-figure million euro' profit in 2012

3-Aug-2012 1:43 PM

Lufthansa Group revenue up 6% - financial highlights:

  • Three months ended 30-Jun-2012:
    • Revenue: EUR7890 million, +6.4 year-on-year;
      • Logistics: EUR690 million, -9.3%;
      • MRO: EUR990 million, -2.9%;
      • IT Services: EUR155 million, +9.2%;
      • Catering: EUR635 million, +11.6%;
    • Operating profit: EUR361 million, +27.6%;
      • Logistics: EUR69 million, -59.4%;
      • MRO: EUR82 million, +121.6%;
      • IT Services: EUR5 million, +66.7%;
      • Catering: EUR28 million, +47.4%;
    • Net profit: EUR229 million, -23.9%;
    • Passenger numbers: 27.5 million, +3.1%;
    • Passenger load factor: 79.4%, +0.9 ppt;
    • Cargo volume: 500,000 tonnes, -7.6%;
    • Cargo load factor: 65.0%, -1.0 ppt;
  • Six months ended 30-Jun-2012:
    • Revenue: EUR14,509 million, +6.0%;
    • Passenger Airline Group: EUR11,223 million, +7.2%;
      • Lufthansa Passenger Airlines: EUR8192 million, +6.6%;
      • SWISS: EUR2034 million, +8.8%;
      • Austrian Airlines: EUR1029 million, +8.4%;
    • Logistics: EUR1352 million, -10.0%;
    • IT Services: EUR301 million, +4.2%;
    • Catering: EUR1203 million, +10.5%;
    • Operating costs: EUR15,600 million, +5.7%;
      • Fuel: EUR36000 million, +22%;
    • Operating profit (loss): (EUR20 million), compared to a profit of EUR114 million in p-c-p;
      • Passenger Airline Group: (EUR179 million), compared to a loss of EUR100 million in p-c-p;
        • Lufthansa Passenger Airlines: (EUR300 million), compared to a loss of EUR105.3 million in p-c-p;
        • SWISS: EUR48 million, -53.8%;
        • Austrian Airlines: EUR26 million, compared to a loss of EUR64 million in p-c-p;
      • Logistics: EUR47 million, -64.7%;
      • MRO: EUR144 million, +35.8%;
      • IT Services: EUR8 million, +33.3%;
      • Catering: EUR23 million, +9.5%;
    • Net profit (loss): (EUR168 million), compared to a loss of EUR206 million in p-c-p;
    • Passenger numbers: 49.4 million, +3.9%;
      • Lufthansa Passenger Airlines: 35.8 million, +3.4%;
      • SWISS: 8.1 million, +4.1%;
      • Austrian Airlines: 5.4 million, +6.7%;
    • Passenger load factor: 76.9%, +1.0 ppt;
      • Lufthansa Passenger Airlines: 76.5%, +0.8 ppt;
      • SWISS: 80.5%, +1.2 ppt;
      • Austrian Airlines: 74.0%, +3.3 ppts;
    • Cargo volume: 987,000 tonnes, -7.8%;
    • Cargo load factor: 65.8%, -0.9 ppt;
    • Total assets: EUR29,361 million, +4.6% when compared to period ended 31-Dec-2011;
    • Cash and cash equivalents: EUR958 million, +8.0% when compared to period ended 31-Dec-2011;
    • Total liabilities: EUR21,480 million, +7.2% when compared to period ended 31-Dec-2011. [more - original PR] [more - CAPA Analysis]

Lufthansa Group: “For the full year the Group is still expecting demand to be positive and is planning to continue its restrictive capacity management. At the same time, developments in fuel prices and the influence of macroeconomic factors remain hard to predict. The Group is still forecasting increased revenue and an operating profit in the mid three-figure million euro range for the full year. This forecast does not include restructuring costs in connection with the SCORE programme and the planned reduction of jobs included in it. On present estimates these will come to between EUR100m and EUR200m for the current year.” Source: Company statement, 02-Aug-2012.