lufthansa technik annual report 2022

However, this means the Lufthansa share performed significantly better than those of its main competitors IAG and Air France-KLM, which lost 66% and 61% respectively since the crisis started. 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. This is a very special task for us and one we always do happily and with great pride.". It confirms that we are on the right path with our programs for sustainable aviation and motivates us to pursue this path consistently. 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. The Aircraft Component Services division is expected to continue its recovery. Aircraft MRO Market Size & Share Analysis Report, 2030 * All figures in this press release refer to Lufthansa Technik AG and its fully consolidated companies. Corporate structure; Soft data With its sustainability report "Balance," the Lufthansa Group has regularly disclosed its environmental balance sheet since the mid-1990s. 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). We are also optimising the fuel consumption of our fleets with the help of innovative technologies like the sharkskin foil that improves the aerodynamics of our aircraft. Lufthansa Technik Back in the Black | Aviation Pros Information on the calculation of Adjusted EBIT is available in the Annual Report 2021 of . facts. Lufthansa Group erreicht finanziellen Turnaround in 2022 mit einem On the contrary: we love the possibilities technology offers. Figures prior to 2021 were taken from previous annual reports. The Lufthansa Group is expanding its premium offering not only by purchasing state-of-the-art aircraft, but also by introducing a new cabin product generation on board. Demand for air travel remains high in 2023. Adjusted EBIT even set a new record at 511 million euros (previous year: 362 million, up 41%). Despite this, in 2021, the available capacity at the passenger airlines was 32% above the previous year. We are therefore continuously expanding our environmental commitment. Annual Report 2022 - Lufthansa Group Borrowings of EUR 1.4bn in total were secured by five Airbus A350s, three Boeing 777Fs and twelve aircraft from the A320 family. When it took part in the capital increase, the ESF committed to selling its remaining equity investment within 24 months of completion of the capital increase at the latest, meaning no later than October 2023. Conferences & Roadshows. The performance of Adjusted ROCE will depend above all on the extent of the improvement in Adjusted EBIT. :+49 69 696 - 28008investor.relations(at)dlh.de, Analyst and Investor Communication/Private Investors, Tel. In total, 102 million passengers were welcomed on board, more than twice as many as in 2021 (previous year: 47 million). The clear recovery of the aviation industry as a whole drove demand for maintenance, repair and overhaul (MRO) of commercial aircraft sharply upward. 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. I would like to thank all our employees for their special commitment and their willingness to constantly change and improve our company," says Soeren Stark, CEO of Lufthansa Technik. Lufthansa Technik Group at a glance f ANNUAL REPORT 2021 I 3 Revenue in m 4,003 3,747 2021 2020 (all figures in m) 2021 2020 Revenue 4,003 3,747 Adjusted EBIT 210 -383 EBT 134 -539 Capital expenditure 95 152 Depreciation and amortisation -174 -197 Balance sheet total 6,512 7,510 Employees as of 31 Dec 20,569 22,745 Staff costs -1,233 -1,113 Under the program Digitize the Core, a triple-digit number of transformation projects have already been initiated. And we offer mobile solutions wherever needed. Regardless of regions, I'm happy to say: We are well prepared for a market that is as attractive again now as it was before the crisis.. Further information on the fleet order and "Allegris" can be found here: https://www.lufthansagroup.com/en/newsroom.html. Preparations for a possible partial divestiture of Lufthansa Technik are proceeding according to plan as talks with selected investors have already begun. Lufthansa Technik AG significantly increased both revenue and earnings in the financial year 2022 despite a challenging environment. Jan - Dec 2021 LUFTHANSA SHARE Share price development OUTLOOK for the financial year 2022 TOPICS Current developments in the Lufthansa Group IMPRINT Contact Dear Shareholders, The Lufthansa Group made significant progress in overcoming the consequences of the corona crisis in 2021. Revenue grew to 5.6 billion euros (previous year: 4.0 billion, up 39%), the third-best figure in the company's history. Corporate responsibility, that is to say sustainable and responsible entrepreneurial practice, is an integral part of our corporate strategy. Employees. The Lufthansa Groups freight business reached record heights in the reporting year, driven by further increases in demand for cargo capacities and high yields. Lufthansa Technik Group at a glance 5,550 2022 Revenue in m (all figures in m)2022 2021 Revenue 5,550 4,003 Adjusted EBIT 511 362 EBT 413 134 Capital expenditure 99 95 Depreciation and amortisation -178 -174 Balance sheet total 6,544 6,512 Employees as of 31 Dec 20,411 20,569 Staff costs -1,379 -1,082 ANNUAL REPORT 2022 I 3 Lufthansa AG - revenue 2022 | Statista This has cleared the way for the Economic Stabilisation Fund to dispose of its shareholding in the Lufthansa Group. This includes EUR 1.0bn from astate-guaranteed loan in Switzerland which had not yet been utilised and EUR 735m from available credit lines. . The expansion of flight capacities, the positive development at the Aviation Services and progress with the restructuring programme were also reflected in the earnings performance of the Lufthansa Group. Cash flow from operating activities rose year-on-year to EUR 618m due to the lower pre-tax loss (previous year: EUR 2,328m). AeroSHARK, developed jointly with BASF, is one example. Demand for air travel during the Easter and summer vacation periods is particularly robust. In Germany alone, for example, Lufthansa Technik 2022 succeeded in filling more than 2,100 vacancies both internally and externally. It responds to a recent sharp increase in demand for MRO services on the superjumbo, which various airlines are now reactivating. MRO. Adjusted EBIT even set a new record at 511 million euros (previous year: 362 million euros, plus 41%). In 2021, the demand for flights increased further, driven by the global progress on vaccination campaigns and relaxation of travel restrictions. Tags. Shares in European low-cost carriers also outperformed the Lufthansa share. Capital increasePress releasePress release. Annual Report 2022 3 March 2023 Lufthansa presented its annual report on 3 March. Following the strong increase in demand for air travel, the number of offered flights was expanded significantly over the course of the year. These forward-looking statements are based on all discernible information, facts and expectations available at the time. The coronavirus pandemic has had a severe impact on share prices in the airline industry and therefore also on the performance of the Lufthansa share since the beginning of the crisis in early 2020. We also look forward to welcoming you on board our aircraft again. 02.11.23 3rd Interim Report 2023; . Since forward-looking statements are by their nature subject to uncertainties and imponderable risk factors such as changes in underlying economic conditions and rest on assumptions that may not, or divergently occur, it is possible that the Groups actual results and development may differ materially from those implied by the forecasts. 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. PDF 22-29-139 Annual Report 2022 EN - cdn0.scrvt.com SWISS will also introduce the test offer on selected long-haul aircraft. SWISS is to further expand its range of scheduled services next summer, and will be adding six new destinations to its European route network. In mid-February, the Lufthansa Group recorded the most successful booking weekin the last two years. . As a Premium user you get access to the detailed source references and background information about this statistic. The Lufthansa Group is pursuing an ambitious path for more climate friendly aviation and, since spring 2021, in addition to private travelers, has also been offering companies the option of using Sustainable Aviation Fuel (SAF) for their flights. Capacity in the first quarter was 21% of the pre-crisis level in 2019 and increased to 29% in the second quarter, 50% in the third quarter and 60% of the pre-crisis level in the fourth quarter. We are the partner of choice for airlines around the world. Please create an employee account to be able to mark statistics as favorites. One of the many technological building blocks for this is the company's own 5G mobile network, which continues to grow: Following the connection of several production shops in engine maintenance, one of the projects currently underway is the coverage of the dozens of hectares of apron areas at the Hamburg base with 5G connectivity. April. Lufthansa Technik's revenue from 2007 to 2022 (in. The positive earnings trend in the Logistics segment continued in the financial year 2022. Lufthansa Cargo benefited from the persistently high demand for airfreight. The Groups entire financial outlook is therefore subject to a high degree of forecast uncertainty. Eur Deutsche Bank 3 032 Mio Annual Report 2019 Lufthansagroup.Com Lufthansagroup.Com/Investor-Relations the Lufthansa Group Impregnation Service Centers Worldwide on Site Or Close By Try us! Net capital expenditures amounted to 2.3 billion euros in fiscal 2022 (previous year: 1.1 billion euros), lower than expected due to the delay in planned aircraft deliveries. Directly accessible data for 170 industries from 150+ countries

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