20.02.2015
Deutsche Lufthansa AG DE0008232125
DGAP-Adhoc: Deutsche Lufthansa AG: Deutsche Lufthansa AG achieves target 2014 with a preliminary operating result of EUR 954m. Preliminary local GAAP result is negative. In line with the dividend policy, the Executive Board proposes not to pay a dividend.
Deutsche Lufthansa AG / Key word(s): Dividend/Preliminary Results
20.02.2015 14:45
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.
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Deutsche Lufthansa AG generates revenues of around EUR 30.0bn in the
financial year 2014 (previous year: EUR 30.0bn). The preliminary operating
result comes to EUR 954m (previous year: EUR 699m) and the normalized
preliminary result to EUR 1,178m (previous year: EUR 1,044m). The strike
cost in November and December 2014 amounted to a total of EUR 62m (full
year: EUR 232m). The target of an operating result of EUR 1.0bn before
strike costs in November and December has been achieved.
The preliminary IFRS result is EUR 55m (previous year: EUR 313m). Earnings
per share came to EUR 0.12 (previous year: EUR 0.68). The IFRS result was
burdened in particular by changes in the market value of a convertible bond
issued in 2012 and by the fall in the fair value of options used for fuel
hedging activities.
The preliminary local GAAP result is EUR -732m (previous year: EUR 407m).
It was burdened in particular by the sale of the IT Infrastructure segment
of Lufthansa Systems AG, which was announced back in October 2014, and by
the increase in pension liabilities following the drop in the discount rate
from 3.75 to 2.6 per cent. The local GAAP result was also considerably
burdened by provisions for contingent losses from fuel hedging activities
following the drop in the oil price at the end of the year.
In line with the Company's long-term dividend policy, the Executive Board
of Deutsche Lufthansa AG decided at its meeting today to propose to the
Supervisory Board the submission of a proposal not to pay a dividend
(previous year: EUR 0.45 per share) since a distribution would not be
covered by a sufficient local GAAP result for the year.
Deutsche Lufthansa AG will publish its results for the financial year 2014
as part of its press and analyst conference on 12 March 2015 at 7.30 a.m.
CET, on www.lufthansagroup.com/investor-relations.
20.02.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Deutsche Lufthansa AG
Von-Gablenz-Straße 2-6
50679 Köln
Germany
Phone: +49 (0)69 696 28002
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 Berlin, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Hanover, Munich, Stuttgart; Terminbörse
EUREX
End of Announcement DGAP News-Service
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