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MarketScreener Homepage  >  Equities  >  Xetra  >  Lufthansa Group AG    LHA   DE0008232125

LUFTHANSA GROUP AG

(LHA)
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Lufthansa : adjusts its full year outlook and makes provision for a tax risk

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06/16/2019 | 06:14pm EDT

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 EBIT1 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.

1 Adjusted EBITis not a financial term according to IFRS. Information regarding the calculation of the Adjusted EBIT can be found in the Annual Report 2018 of Deutsche Lufthansa AG.

Disclaimer

Deutsche Lufthansa AG published this content on 16 June 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 June 2019 22:13:02 UTC

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Financials (EUR)
Sales 2019 36 295 M
EBIT 2019 2 163 M
Net income 2019 1 322 M
Debt 2019 5 619 M
Yield 2019 4,97%
P/E ratio 2019 5,64x
P/E ratio 2020 4,03x
EV / Sales2019 0,35x
EV / Sales2020 0,35x
Capitalization 7 154 M
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Mean consensus HOLD
Number of Analysts 23
Average target price 18,45  €
Last Close Price 15,06  €
Spread / Highest target 79,3%
Spread / Average Target 22,6%
Spread / Lowest Target -3,69%
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Managers
NameTitle
Carsten Spohr Chief Executive Officer
Karl-Ludwig Kley Chairman-Supervisory Board
Ulrik Svensson Chief Financial Officer
Roland Schütze Chief Information Officer
Matthias Wissmann Member-Supervisory Board
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