Focus capital allocation

Continuous shareholder participation

In 2016, for the first time the Annual General Meeting of Deutsche Lufthansa AG agreed upon the possibility to choose between a cash dividend and a share dividend (scrap dividend) for the financial year 2015. Also in 2017 and 2018 the Annual General Meeting of Deutsche Lufthansa AG agreed to this option.

Balanced investment level

Going forward, the Lufthansa Group will continue to invest steadily in the renewal of its fleet, in-flight and ground products and infrastructure.

Primary, secondary and financial investments in mio. EUR 1)

1) Excluding acquired net assets from changes in group of consolidated companies.

Cashflow and capital expenditure in mio. EUR

1) Capital expenditure shown without pro rata profit / loss from the equity valuation.

Working capital management

As part of the working capital management the optimisation of the short-term capital employed in the operating business processes is ensured and therefore improves the liquidity position of Lufthansa Group.

Further Information