Lufthansa revenues 32.1 billion, increase 6.8 percentStaff writer ▼ | March 17, 2016
In 2015, the Lufthansa Group generated revenues of EUR 32.1 billion, a 6.8 percent increase on the previous year.
Lufthansa Return on capital employed improved to 7.7 percent
With the exception of Lufthansa Cargo, all business segments contributed to the significant earnings improvement. The Adjusted EBIT for the Group’s passenger airlines more than doubled, and the two biggest service companies, Lufthansa Technik and LSG SkyChefs, both posted double-digit percentage earnings growth.
The Lufthansa Group further improved its financial stability in 2015. The year-end equity ratio stood at 18 percent.
Liquidity increased, net indebtedness declined, free cash flow increased significantly to more than EUR 800 million and Deutsche Lufthansa AG’s ratings were confirmed.
Return on capital employed (ROCE) also improved significantly to 7.7 percent. As a result, the Lufthansa Group created value of EUR 323 million in 2015.
The Lufthansa Group’s good result is mainly attributable to the significant increase in it’s passenger airlines’ earnings. The Adjusted EBIT of the Passenger Airline Group amounted to EUR 1,5 billion (compared to EUR 701 million for 2014), doubling the Adjusted EBIT margin to 6.1 percent.
The earnings contribution of Lufthansa Cargo declined 40 percent to EUR 74 million. The airfreight market had seen sizeable overcapacities from the beginning of the 2015 summer flight plan onwards, with a correspondingly negative impact on Lufthansa Cargo’s load factors and yields.
he Lufthansa Group expects to again slightly improve its Adjusted EBIT in 2016. The forecast does not, however, include any earnings impact from possible strikes. ■