Lufthansa Technik increases turnover and profit in 2015

Lufthansa Technik AG, headquartered in Hamburg, increased its turnover and profit in 2015, continuing its growth course. Sales revenues grew by 17.6% to around €5.1bn (up €762m). The company achieved 20% growth in its adjusted EBIT (Earnings Before Interest and Taxes) to €454m (previous year: €380m). “This is a strong result,” said the Chairman of the Executive Board at Lufthansa Technik AG, Dr. Johannes Bussmann, at the presentation of the annual results in Hamburg. “We have stayed on our growth path and have used the year to more strongly position ourselves internationally and within the regional market. Our customers have honored these efforts!” Business with customers outside the Lufthansa Group grew disproportionately. External revenue from outside the Group grew by 21.8% to €3.3bn. Revenue from companies within the Group rose over the previous year to €1.8bn (up €179m), essentially as a result of the largest modification program in Lufthansa’s history. Revenue development was further aided by the US dollar exchange rate.