20.10.2020 Deutsche Lufthansa AG  DE0008232125

DGAP-Adhoc: Deutsche Lufthansa AG: Lufthansa Group reports preliminary results for the third quarter - Cost reductions decrease operating loss compared to previous quarter


 

DGAP-Ad-hoc: Deutsche Lufthansa AG / Key word(s): Quarter Results
Deutsche Lufthansa AG: Lufthansa Group reports preliminary results for the third quarter - Cost reductions decrease operating loss compared to previous quarter

20-Oct-2020 / 15:20 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


The corona crisis continued to have a considerable impact on Lufthansa Group's earnings development in the third quarter of 2020. However, due to an expansion of the flight schedule in the summer months of July and August and considerable cost reductions, losses were reduced compared to the second quarter. On a preliminary basis, Adjusted EBIT in the third quarter was EUR -1,262 million (previous year: EUR 1,297 million). After nine months, the operating loss was EUR -4,161 million (previous year: EUR 1,715 million).

The Adjusted free cash flow for the first nine months of 2020 amounted to EUR -2,579 million (previous year: EUR 685 million). In the third quarter, Adjusted free cash flow was EUR -2,069 million (previous year: EUR 416 million). Payments of EUR 2.0 billion for corona-related flight cancellations were partly offset in the third quarter by cash inflows from the expansion of flight activities in July and August. The Group also benefited from strict working capital management and the postponement of tax payments. Net debt at the end of the third quarter was EUR 8,930 million (December 31, 2019: EUR 6,662 million).

At the end of September, the Group had liquidity of EUR 10.1 billion at its disposal. This figure includes undrawn funds from the EUR 9 billion stabilization packages from Germany, Switzerland, Austria and Belgium. Out of those, EUR 6.3 billion are still available.

The Group is also in a position to withstand further burdens from the corona pandemic. Demand for air travel is expected to remain low in the coming winter months due to the global evolution of the pandemic and the associated travel restrictions. According to current planning, the Group's airlines will only offer a maximum of 25% of the previous year's capacity in the fourth quarter to ensure that flight operations continue to generate a positive cash contribution. At the same time, Lufthansa Group is working intensively on restructuring measures in all business segments in order to achieve short and medium-term cost savings and minimize the operating cash outflow.

Responsible: Dennis Weber, Vice President Investor Relations, +49 69 696 28000

20-Oct-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


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: [email protected]
Internet: www.lufthansagroup.com/investor-relations
ISIN: DE0008232125, DE0008232125
WKN: 823212
Indices: DAX
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover; Regulated Unofficial Market in Tradegate Exchange
EQS News ID: 1141960

 
End of Announcement DGAP News Service

1141960  20-Oct-2020 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 31.660,00 35.650,00 35.844,00 36.424,00 13.589,00 0,00 0,00
EBITDA1,2 4.065,00 5.362,00 5.005,00 4.465,00 -2.700,00 0,00 0,00
EBITDA-Marge3 12,84 15,04 13,96 12,26 -19,87 0,00 0,00
EBIT1,4 2.275,00 3.153,00 2.800,00 1.689,00 -7.089,00 0,00 0,00
EBIT-Marge5 7,19 8,84 7,81 4,64 -52,17 0,00 0,00
Jahresüberschuss1 1.803,00 2.398,00 2.196,00 1.245,00 -6.766,00 0,00 0,00
Netto-Marge6 5,69 6,73 6,13 3,42 -49,79 0,00 0,00
Cashflow1,7 3.246,00 5.035,00 4.109,00 4.030,00 -2.328,00 0,00 0,00
Ergebnis je Aktie8 3,81 5,03 4,58 2,55 -12,51 -3,55 0,38
Dividende8 0,50 0,80 0,80 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Ernst & Young

XETR:LHA Charts by TradingView (c)


INVESTOR-INFORMATIONEN
©boersengefluester.de
Deutsche Lufthansa
WKN Kurs in € Einschätzung Börsenwert in Mio. €
823212 7,241 Halten 8.656,51
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
8,05 9,40 0,86 8,22
KBV KCV KUV EV/EBITDA
1,71 - 0,64 -9,33
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
0,00 0,00 0,00 10.05.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
05.05.2022 05.08.2021 03.11.2021 03.03.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
15,91% -13,51% 17,17% -31,17%
    
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