Lufthansa Technik has posted record revenues with a 10% increase for 2018 compared to 2017, also surpassing 2017 results despite intensified price pressure and far-reaching investments in digitalization, its international network and personnel.
Applicable to Lufthansa Technik AG and its 21 fully consolidated companies, sales revenues climbed by more than €500 million, surging from €5.404 billion to €5.918 billion, an increase of 9.5% above the previous year’s total. The company generated adjusted EBIT of €425 million (previous year: €415 million), an increase of 2%.
The company outperformed the market in 2018, with the Americas region producing the highest level of growth with a 20% increase in revenue year on year, ahead of Europe, the Middle East and Africa which rose nearly 9% and Asia generating revenue growth of 3.4%.
During fiscal year 2018, Lufthansa Technik gained 29 additional aircraft operators as customers and signed 576 contracts for new business worth €5 billion. For the first time, Lufthansa Technik now provides technical services for more than 5,000 aircraft. This figure grew in 2018 by about 600 to a total of 5,131 aircraft, an increase of nearly 13%. (€1.00 = US$1.14 at time of publication.)
