Lufthansa Technik AG has maintained its growth course in 2017. With a new revenue record and the best sales result in the company’s history, investments were raised once again and the final result was a slight improvement over the previous year.
Sales revenue grew significantly, increasing by €260m from the previous year’s €5.144bn to €5.404bn (+5%). The company achieved an adjusted EBIT of €415m (previous year: €411m).
“Lufthansa Technik is and remains the leading provider in our industry,” said the Chairman of the Executive Board of Lufthansa Technik AG, Dr. Johannes Bussmann. “The new contracts, with a total volume of more than €13bn, provide impressive proof. Last year was the year of sales. Our team delivered a fantastic performance, demonstrating the importance of the internationalization approach adopted by Lufthansa Technik.”
Constanze Hufenbecher, Chief Financial Officer of Lufthansa Technik, considers that the company is on the right path. “The compass is consistently pointing to growth. The number of aircraft under contract is increasing, profitability is consistently strong and the earnings develop pleasantly, especially in view of high level of investment, particularly in digitization.” Basis of this positive development is the high level of investment activity: “Since 2014, we have almost doubled our annual investments to €233m and we plan to pursue this approach further”, said Constanze Hufenbecher.
In 2017, the number of aircraft under exclusive support contracts with Lufthansa Technik grew by a further ten percent to more than 4,550. This equates to around 20% of all commercial aircraft worldwide.
