|High / Low range:||0.615|
DGAP-Adhoc: Deutsche Lufthansa AG: Lufthansa Group adjusts its full year outlook and makes provision for a tax risk
DGAP-Ad-hoc: Deutsche Lufthansa AG / Key word(s):
Change in Forecast/Legal Matter
Price deterioration in Europe caused by market-wide overcapacities and aggressively growing low cost competitors are putting pressure on yields in the European short-haul market. Lufthansa Group adjusts its full year financial outlook as a result. Network Airlines are now expected to reach an Adjusted EBIT margin between 7 and 9 percent in 2019. For Eurowings, the Group projects an Adjusted EBIT margin between -4 and -6 percent. Based on the expectation of low-single-digit Group revenue growth, the Group's Adjusted EBIT margin is forecasted to reach 5.5 to 6.5 percent, resulting in Group Adjusted EBIT amounting to between EUR 2.0 and 2.4 billion in 2019.
In its financial accounts for the first half year of 2019, the Group will also make a provision for a tax risk in an amount of EUR 340 million because the Supreme Tax Court changed the case law established in prior years.
 Adjusted EBIT is not a financial term
according to IFRS. Information regarding the
calculation of the Adjusted EBIT can be found on page
234 in the Annual Report 2018 of Deutsche
16-Jun-2019 CET/CEST The DGAP Distribution Services
include Regulatory Announcements, Financial/Corporate
News and Press Releases.
|Company:||Deutsche Lufthansa AG|
|Venloer Str. 151-153|
|Phone:||+49 (0)69 696 28000|
|Fax:||+49 (0)69 696 90990|
|Listed:||Regulated Market in Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover; Regulated Unofficial Market in Tradegate Exchange|
|EQS News ID:||825253|
|End of Announcement||DGAP News Service|
825253 16-Jun-2019 CET/CEST
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