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Lufthansa Technik had a mixed economic picture after the first half of the year. While the global market leader in aircraft maintenance, repair, and overhaul (MRO) once again achieved a record result for the period from January to the end of June thanks to a very strong second quarter, the company is also experiencing strong pressure on the aviation industry as a whole.
"Of course we are always pleased to see record figures," says Dr. William Willms, CFO of Lufthansa Technik. "But part of the truth is that non-operational special factors and one-off effects were significant contributors. We still expect to deliver results at the previous year's level for the year as a whole." By 2023, Lufthansa Technik had achieved a total Adjusted EBIT of 628 million euros.
After the first half of 2024, earnings now amount to 319 million euros. Lufthansa Technik saw a further 9.6 percent increase compared to the previous record figure of 291 million euros from the previous year - despite strike costs that significantly impacted the first quarter. Revenue at the end of June amounted to 3.6 billion euros (previous year: 3.1 billion euros, +16.5%). The adjusted EBIT margin dropped accordingly, from 9.3% to 8.8%. This trend must be reversed in order to achieve the goal of the "Ambition 2030" corporate strategy, namely a sustained double-digit margin.
