Lufthansa Technik AG significantly increased both revenue and earnings in the financial year 2022 despite a challenging environment. Adjusted EBIT even set a new record at €511 million (previous year: €362 million, plus 41%).
Revenue grew in the financial year 2022 to €5.6 billion (previous year: €4.0 billion, up 39%), the third-best figure in the company’s history. The clear recovery of the aviation industry as a whole drove demand for maintenance, repair and overhaul (MRO) of commercial aircraft sharply upward. The continued systematic pursuit of restructuring, an advantageous US dollar exchange rate and the company’s excellent market positioning also contributed significantly to the financial success.
The record result for the financial year was achieved in part thanks to the systematic implementation of the development program RISE. Its measures helped Lufthansa Technik to organise itself more efficiently, simplify processes and reduce expenses in the long-term. Despite numerous operational challenges, for example in personnel and supply chains, Lufthansa Technik has succeeded in significantly ramping up operations again. Close partnership in times of crisis is reflected in sales success.
The signs are still pointing to growth: New contracts with a volume of €9.6 billion were signed last year. Lufthansa Technik signed a total of 706 new contracts and gained 28 new customers in the process. As with revenue, the EMEA region (Europe, Middle East and Africa) accounted for almost two-thirds of this new business, more than twice as much as the Americas region and around five-times as much as the APAC region (Asia Pacific), where the company nevertheless sees major opportunities for future growth (£1.00 = €1.12 at time of publication).
