Lufthansa reports sales in line with expectations for the full year 2024. Operating profit decreased but was higher than analysts' expectations. The board of directors proposes an unchanged ordinary dividend.
Sales rose 6.0 percent to EUR 37,581 million (35,442). The outcome can be compared with the company's analyst consensus of 37,632.
Adjusted EBITDA amounted to EUR 3,982 million (4,910), with an adjusted EBITDA margin of 10.6 percent (13.9).
Operating profit was EUR 1,731 million (2,669). The operating margin was 4.6 percent (7.5).
Adjusted operating profit amounted to EUR 1,645 million (2,682), expected to be EUR 1,585, with an adjusted operating margin of 4.4 percent (7.6).
Profit after tax was EUR 1,380 million (1,673).
The proposed ordinary dividend is EUR 0.30 per share (0.30).
Lufthansa expects adjusted operating profit in the 2025 financial year to be significantly higher than in the previous year. For 2025, the Lufthansa Group expects net investments of between 2.7 and 3.3 billion euros and free cash flow at the same level as in the previous year.
The company expects continued high demand for air travel, which is also reflected in a positive trend in bookings in early 2025. The order situation in the MRO segment also points to continued strong demand for maintenance services. Lufthansa Cargo expects to benefit from continued growth in e-commerce and an improved cost position.
At the same time, 2025 will be a year of transition for the aviation giant. The savings program within Lufthansa Airlines is a top strategic priority. The idea is that it will lay the foundation for a sustainable increase in revenue. The first measures will come into effect this year, but the full effect is not expected in 2025.
Source: FinWire-DI.SE
