Financials Lufthansa

Equities

Real-time Estimate Tradegate Other stock markets 05:00:49 2024-12-11 am EST			5-day change	1st Jan Change
6.636 ^EUR	0.00%		+5.38%	-17.67%

08:04am	LUFTHANSA AG : Goldman Sachs remains Neutral	ZD
Dec. 09	Lufthansa Cargo "optimistic and uncertain" with a view to 2025	RE

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	36,424	13,589	16,811	32,770	35,442	37,357	39,411	40,902
Change	-	-62.69%	23.71%	94.93%	8.15%	5.4%	5.5%	3.78%
EBITDA ¹	4,802	-2,537	33	3,786	4,910	3,899	4,603	4,995
Change	-	-	-	11,372.73%	29.69%	-20.59%	18.05%	8.53%
EBIT ¹	2,026	-5,451	-2,349	1,509	2,682	1,596	2,279	2,524
Change	-	-	-56.91%	-	77.73%	-40.49%	42.77%	10.78%
Interest Paid ¹	-171	-334	-441	-419	-356	-285.1	-311	-322.4
Earnings before Tax (EBT) ¹	1,860	-8,631	-2,606	1,050	2,317	1,324	1,958	2,300
Change	-	-	-69.81%	-	120.67%	-42.84%	47.81%	17.49%
Net income ¹	1,213	-6,725	-2,191	791	1,673	1,066	1,540	1,742
Change	-	-	-67.42%	-	111.5%	-36.31%	44.58%	13.08%
Announcement Date	3/19/20	3/4/21	3/3/22	3/3/23	3/7/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3
Net sales ¹	8,724	1,894	2,660	2,594	2,560	3,211	5,207	5,833	5,363	8,462	10,068	8,877	7,017	9,389	10,275	8,761	7,392	10,007	10,738	9,469	-	-	-
Change	-	-78.29%	40.44%	-2.48%	-1.31%	25.43%	62.16%	12.02%	-8.06%	57.78%	18.98%	-11.83%	-20.95%	33.8%	9.44%	-14.73%	-15.63%	35.38%	7.3%	-11.82%	-100%	-	-
EBITDA ¹	-	-	-	-	-569	-	531	-	-28	958	1,706	1,150	-	1,508	2,026	973	-279	1,257	1,937	1,003	-	-	-
Change	-	-	-	-	-	-100%	-	-100%	-	-	78.08%	-32.59%	-100%	-	34.35%	-51.97%	-	-	54.1%	-48.2%	-100%	-	-
EBIT ¹	311	-1,700	-1,262	-1,290	-1,143	-952	17	-271	-591	393	1,132	575	-273	965	1,468	402	-849	686	1,340	486.6	-327.4	913.5	1,351
Change	-	-	-25.76%	2.22%	-11.4%	-16.71%	-	-	118.08%	-	188.04%	-49.2%	-	-	52.12%	-72.62%	-	-	95.34%	-63.69%	-	-	47.85%
Charge d'intérêts	-	-103	-77	-	-	-95	-119	-109	-83	-129	-95	-112	-	-	-78	-	-82	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	227	-1,743	-2,493	-1,719	-1,313	-921	-84	-288	-690	356	1,078	306	-530	1,086	1,489	297	-939	572	1,353	465	-	-	-
Change	-	-	43.03%	-31.05%	-23.62%	-29.86%	-90.88%	242.86%	139.58%	-	202.81%	-71.61%	-	-	37.11%	-80.05%	-	-	136.54%	-65.63%	-100%	-	-
Net income ¹	175	-1,500	-1,967	-1,141	-1,049	-756	-72	-314	-584	259	809	307	-467	881	1,192	67	-734	469	1,095	240.8	-	-	-
Change	-	-	31.13%	-41.99%	-8.06%	-27.93%	-90.48%	336.11%	85.99%	-	212.36%	-62.05%	-	-	35.3%	-94.38%	-	-	133.48%	-78.01%	-100%	-	-
Announcement Date	3/19/20	8/6/20	11/5/20	3/4/21	4/29/21	8/5/21	11/3/21	3/3/22	5/5/22	8/5/22	10/27/22	3/3/23	5/3/23	8/3/23	11/2/23	3/7/24	4/30/24	7/31/24	10/29/24	-	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2021 S1	2022 S1	2023 S1
Net sales ¹	5,771	13,825	16,406
Change	-	139.56%	18.67%
EBITDA	-	-	-
Change	-	-	-
EBIT ¹	-2,095	-198	453
Change	-	-90.55%	-
Charge d'intérêts	-213	-212	-
Earnings before Tax (EBT) ¹	-2,234	-334	511
Change	-	-85.05%	-
Net income ¹	-1,805	-325	414
Change	-	-81.99%	-
Announcement Date	8/5/21	8/5/22	8/3/23

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	6,662	9,922	9,023	6,871	5,682	5,279	4,918	4,308
Change	-	48.93%	-9.06%	-23.85%	-17.3%	-7.09%	-6.84%	-12.4%
Announcement Date	3/19/20	3/4/21	3/3/22	3/3/23	3/7/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	3,559	1,273	1,329	2,286	4,115	2,915	3,090	3,101
Change	-	-64.23%	4.4%	72.01%	80.01%	-29.15%	6%	0.33%
Free Cash Flow (FCF) ¹	582	-3,669	-855	2,882	2,134	517.4	744.8	933.8
Change	-	-730.41%	-76.7%	-437.08%	-25.95%	-75.75%	43.94%	25.37%
Announcement Date	3/19/20	3/4/21	3/3/22	3/3/23	3/7/24	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	13.18%	-18.67%	0.2%	11.55%	13.85%	10.44%	11.68%	12.21%
EBIT Margin (%)	5.56%	-40.11%	-13.97%	4.6%	7.57%	4.27%	5.78%	6.17%
EBT Margin (%)	5.11%	-63.51%	-15.5%	3.2%	6.54%	3.55%	4.97%	5.62%
Net margin (%)	3.33%	-49.49%	-13.03%	2.41%	4.72%	2.85%	3.91%	4.26%
FCF margin (%)	1.6%	-27%	-5.09%	8.79%	6.02%	1.39%	1.89%	2.28%
FCF / Net Income (%)	47.98%	54.56%	39.02%	364.35%	127.56%	48.56%	48.35%	53.6%
Profitability
ROA	3%	-16.37%	-5.34%	1.84%	3.77%	2.06%	2.46%	2.8%
ROE	12.1%	-487.8%	-75.59%	12.31%	18.62%	10.71%	13.47%	13.28%
Financial Health
Leverage (Debt/EBITDA)	1.39x	-3.91x	273.42x	1.81x	1.16x	1.35x	1.07x	0.86x
Debt / Free cash flow	11.45x	-2.7x	-10.55x	2.38x	2.66x	10.2x	6.6x	4.61x
Capital Intensity
CAPEX / Current Assets (%)	9.77%	9.37%	7.91%	6.98%	11.61%	7.8%	7.84%	7.58%
CAPEX / EBITDA (%)	74.11%	-50.18%	4,027.27%	60.38%	83.81%	74.78%	67.14%	62.07%
CAPEX / FCF (%)	611.51%	-34.7%	-155.44%	79.32%	192.83%	563.43%	414.92%	332.06%
Items per share
Cash flow per share ¹	8.471	-4.33	0.8367	4.325	4.138	2.752	3.154	3.218
Change	-	-151.12%	-119.32%	416.88%	-4.32%	-33.49%	14.62%	2.03%
Dividend per Share ¹	-	-	-	-	0.3	0.2422	0.2914	0.3516
Change	-	-	-	-	-	-19.27%	20.33%	20.65%
Book Value Per Share ¹	21.22	2.253	3.722	7.031	8.083	8.677	9.643	10.73
Change	-	-89.38%	65.18%	88.88%	14.97%	7.35%	11.13%	11.28%
EPS ¹	2.55	-12.51	-2.99	0.66	1.4	0.8872	1.261	1.432
Change	-	-590.59%	-76.1%	-122.07%	112.12%	-36.63%	42.17%	13.52%
Nbr of stocks (in thousands)	478,194	597,743	1,195,486	1,195,486	1,195,486	1,198,299	1,198,299	1,198,299
Announcement Date	3/19/20	3/4/21	3/3/22	3/3/23	3/7/24	-	-	-