Deutsche Lufthansa AG — Earnings Release 2002

Aug 21, 2002

News Details

Ad-hoc | 21 August 2002 08:05

Deutsche Lufthansa AG english

Lufthansa results: January to June 2002 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Lufthansa results: January to June 2002 Lufthansa has more than trebled its operating profit in the first half of 2002 and raised its profit forecast for the year as a whole to at least 500 million euros. The Lufthansa Group has returned an operating result of 332 million euros for the first half of 2002, more than trebling its result for the same period last year. The Group has also managed to reduce its net indebtedness by 1.1 billion euros as against 31.12.2001 and made good progress in rehabilitating its Catering segment. The success is due to the astute capacity and pricing policy adopted by the Group airlines and the strict adherence to the cost-cutting measures introduced in the wake of 11 September. For the year as a whole, Lufthansa expects to be able to generate an operating profit of at least 500 million euros, subject to the proviso that the positive course of business is not hampered by renewed terrorist attacks or other geopolitical events. Calculable risks have, however, been taken into account in this forecast. More information and the full Group report for the first half of 2002 will be available on the Internet at “http://www.lufthansa-financials.com” on 21 August from 8:15 hours (CEST). Deutsche Lufthansa AG, Investor Relations Ulrike Schlosser, Tel +49 69 696 6470 or 90997, Fax +49 69 696 90990 E-mail: investor.relations@dlh.de 21 August 2002 end of ad-hoc-announcement (c)DGAP 21.08.2002 ——————————————————————————– WKN: 823212; ISIN: DE0008232125; Index: DAX Listed: Amtlicher Markt in Berlin, Bremen, Düsseldorf, Frankfurt, Hamburg, Hannover, München und Stuttgart; Eurex 210805 Aug 02