Deutsche Lufthansa AG

Earnings Release • Oct 17, 2022

News Details

Ad-hoc | 17 October 2022 17:12

Deutsche Lufthansa AG: Lufthansa Group raises its forecast for earnings and cash flow in 2022 based on preliminary results for the third quarter

Deutsche Lufthansa AG / Key word(s): Change in Forecast

Deutsche Lufthansa AG: Lufthansa Group raises its forecast for earnings and cash flow in 2022 based on preliminary results for the third quarter

17-Oct-2022 / 17:12 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

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On a preliminary basis, Lufthansa Group almost doubled revenue year-on-year to 10.1 billion euros in the third quarter of 2022 (previous year: 5.2 billion euros). Adjusted EBIT 1 amounted to around 1.1 billion euros (previous year: 251 million euros), including an impact from strikes of around 70 million euros.

In the third quarter, Lufthansa Group generated Adjusted free cash flow of around 400 million euros on a preliminary basis (previous year: 43 million euros). Net debt decreased to around 6.2 billion euros in the third quarter (June 30, 2022: 6.4 billion euros). Net pension liabilities declined to around 2.1 billion euros (June 30, 2022: 2.8 billion euros) due to the further increase in the discount rate.

Based on the positive development in the third quarter, the current booking situation, which continues to reflect strong demand for air travel in the coming months and the expectation of another record result from Lufthansa Cargo in 2022, Lufthansa Group is raising its forecast for the full year, excluding currently unforeseen circumstances. It now expects to be able to achieve an Adjusted EBIT of over 1 billion euros. The Group also expects an Adjusted Free Cash Flow of over 2 billion euros in 2022.

The Group will present its final quarterly results on October 27, 2022.

1 Adjusted EBIT is not an indicator according to IFRS. Information on the calculation of Adjusted EBIT is available in the Annual Report 2021 of Deutsche Lufthansa AG

Contact:

Dennis Weber – Vice President Investor Relations

+49 69 696 28000

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Language:	English
Company:	Deutsche Lufthansa AG
	Venloer Str. 151-153
	50672 Cologne
	Germany
Phone:	+49 (0)69 696 28000
Fax:	+49 (0)69 696 90990
E-mail:	investor.relations@dlh.de
Internet:	www.lufthansagroup.com/investor-relations
ISIN:	DE0008232125, DE0008232125
WKN:	823212
Indices:	MDAX
Listed:	Regulated Market in Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover; Regulated Unofficial Market in Tradegate Exchange
EQS News ID:	1465343

End of Announcement	EQS News Service