Deutsche Lufthansa AG — Earnings Release 2003

Feb 25, 2004

News Details

Ad-hoc | 25 February 2004 08:44

Lufthansa presents preliminary result for 2003

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Lufthansa presents preliminary result for 2003 According to preliminary figures Deutsche Lufthansa AG generated a positive operating result of some EUR 30 million in fiscal year 2003 just ended. At the same time net indebtedness was reduced by some EUR 550 million to about EUR 600 million. Year-end liquidity amounted to approximately EUR 2.7 billion. Extraordinary amortizations of goodwill and depreciations of fixed assets amount to roughly EUR 800 million of which some EUR 700 million are accounted for by the LSG SkyChefs Group. A net loss of about EUR 980 million is reported for fiscal 2003. Against this background the Executive Board does not propose any dividend payments for fiscal year 2003. Detailed information on the 2003 annual financial statements will be published by Lufthansa on the occasion of the business press conference on 25 March 2004. At the same time the data will be made available on the Internet under http://www.lufthansa-financials.de . Deutsche Lufthansa AG Investor Relations Ulrike Schlosser, Telephone (069) 696-90997, Fax (069) 696-90990 Email: investor.relations@dlh.de 25 February 2004 end of ad-hoc-announcement (c)DGAP 25.02.2004 ——————————————————————————– WKN: 823212; ISIN: DE0008232125; Index: DAX Listed: Amtlicher Markt in Berlin-Bremen, Düsseldorf, Frankfurt (Prime Standard), Hamburg, Hannover, München und Stuttgart; Eurex 250844 Feb 04