Lufthansa generates operating profit of EUR 820m in 2011. Executive Board proposes dividend of EUR 0.25.
Adhoc Release pursuant to §15 of the Securities Trading Act (WpHG)
The Lufthansa Group closed the financial year 2011 with revenue of EUR 28.7bn (previous year: EUR 26.5bn) and achieved an operating profit of EUR 820m (previous year: EUR 1.0bn). The net result attributable to shareholders came to EUR -13m (previous year: EUR 1.1bn). It includes a result of discontinued operations of EUR -285m, which reflects current losses at British Midland Ltd. and valuation effects linked to its disposal. The figures for the previous year have been adjusted in line with the presentation for the reporting year in accordance with IFRS 5.
Despite the negative net result and a loss for the year in the HGB financial statements for Deutsche Lufthansa AG (German GAAP), the Executive Board is proposing, as an exception to the dividend policy, to pay a dividend of EUR 0.25 per share. This is intended to let shareholders participate in the successful operating performance in the reporting year in a way that is justifiable to the financial profile.
The financial statements and full annual report for 2011 will be published on 15 March 2012. The information will be available on the internet from 8:00 a.m. CET at www.lufthansagroup.com/investor-relations.