Lufthansa generates EUR 524m operating result and EUR 990m net profit including non-recurring effects in 2012. Proposal to suspend dividend payment. Further restructuring measures decided. Fleet orders of EUR 9bn.
Publication of an ad hoc press release in accordance with § 15 German Securities Trading Act (WpHG)
According to its preliminary consolidated financial statements, Lufthansa Group generated revenue of EUR 30.1bn in 2012 (previous year: EUR 28.7bn). Net profit for the period rose to EUR 990m (previous year: EUR -13m), largely due to non-recurring effects from the sale of equity investments. The operating profit came to EUR 524m (previous year: EUR 820m). This includes restructuring costs of EUR 160m for the Group-wide SCORE program. The partial transfer of Austrian Airlines’ flight operations to Tyrolean Airways had a one-time positive effect of EUR 115m on the operating result.
The Executive Board is proposing to the Supervisory Board to suspend the dividend payment. Net profit is to be fully retained.
The Executive Board plans to close sites and to merge administrative functions.
The Executive Board is proposing to the Supervisory Board to order eight long-haul aircraft and 100 short- and medium-haul aircraft, with a total volume of around EUR 9bn. Deliveries are scheduled for the period 2015 to 2025.