Lufthansa’s revenue was up by 7% to just above €32bn while EBIT and net earnings came in at €1.68bn and €1.7bn, respectively. Based on management’s adjusted 2014 numbers, the former translates into an increase of 68% while the carrier’s 2014 net profit was a mediocre €55m. Based on the above, management proposes a dividend of €0.50. While the revenue number is in line with our projection, the two profit numbers are lower (we had €1.74bn and &eur
17 Mar 2016
Lower than expected 2015 profits but higher dividend
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Lower than expected 2015 profits but higher dividend
Deutsche Lufthansa AG (LHA:WBO) | 0 0 (-0.3%) | Mkt Cap: 12,564m
- Published:
17 Mar 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
Lufthansa’s revenue was up by 7% to just above €32bn while EBIT and net earnings came in at €1.68bn and €1.7bn, respectively. Based on management’s adjusted 2014 numbers, the former translates into an increase of 68% while the carrier’s 2014 net profit was a mediocre €55m. Based on the above, management proposes a dividend of €0.50. While the revenue number is in line with our projection, the two profit numbers are lower (we had €1.74bn and &eur