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DEUTSCHE LUFTHANSA AG

(LHA)
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Deutsche Lufthansa : Germany wants to exit Lufthansa stake as soon as possible - minister

06/18/2021 | 07:21am EDT
FILE PHOTO: German air carrier Lufthansa holds general meeting in Frankfurt

BERLIN (Reuters) - Germany wants to exit its stake in flagship carrier Lufthansa as soon as possible, Transport Minister Andreas Scheuer said on Friday.

"Lufthansa must not be under state influence forever ... And we also want to minimise the influence of the state and we want the success path to mean that the state goes out again as soon as possible," he told an aviation conference.

Lufthansa was pushed to the brink by the coronavirus pandemic in 2020, when travel restrictions led to a collapse in air travel, forcing it to take 9 billion euros ($11 billion) in aid from Germany and its other home countries.

($1 = 0.8394 euros)

(Reporting by Ilona Wissenbach and Klaus Lauer; Writing by Caroline Copley; Editing by Riham Alkousaa)


ę Reuters 2021
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Financials
Sales 2021 17 620 M 20 803 M 20 803 M
Net income 2021 -2 333 M -2 755 M -2 755 M
Net Debt 2021 13 172 M 15 551 M 15 551 M
P/E ratio 2021 -2,63x
Yield 2021 -
Capitalization 5 886 M 6 952 M 6 949 M
EV / Sales 2021 1,08x
EV / Sales 2022 0,69x
Nbr of Employees 111 262
Free-Float 73,5%
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Mean consensus SELL
Number of Analysts 23
Last Close Price 9,85 €
Average target price 8,14 €
Spread / Average Target -17,3%
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Managers and Directors
Carsten Spohr Chairman-Executive Board & CEO
Remco J. Steenbergen Chief Financial Officer
Karl-Ludwig Kley Chairman-Supervisory Board
Roland SchŘtze Chief Information Officer
Christine Behle Deputy Chairman-Supervisory Board
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