Company Announcements

DGAP-Adhoc: Deutsche Lufthansa AG: Lufthansa Group adjusts its full year outlook and makes provision for a tax risk

Source: EQS
<html xmlns="http://www.w3.org/1999/xhtml"><body><table border="0"><tr><td> <p>DGAP-Ad-hoc: <org value="LSE:0H4A" idsrc="xmltag.org" >Deutsche Lufthansa AG</org> / Key word(s): Change in Forecast/Legal Matter<br/> <org value="LSE:0H4A" idsrc="xmltag.org" >Deutsche Lufthansa AG</org>: <org>Lufthansa Group</org> adjusts its full year outlook and makes provision for a tax risk <br/><br/> <chron>16-Jun-2019</chron> / <chron>22:17 CET</chron>/CEST<br/> Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.<br/> The issuer is solely responsible for the content of this announcement.<br/><br/></p> <hr/><div> <p>Price deterioration in <location value="LR/eur" idsrc="xmltag.org" >Europe</location> caused by market-wide overcapacities and aggressively growing low cost competitors are putting pressure on yields in the European short-haul market. <org>Lufthansa Group</org> adjusts its full year financial outlook as a result. <org>Network Airlines</org> are now expected to reach an Adjusted EBIT<sup><a href="#footnote_1">[1]</a></sup> margin between 7 and 9 percent in 2019. For <org value="ACORN:0066595159" idsrc="xmltag.org" >Eurowings</org>, the Group projects an Adjusted EBIT margin between -4 and -6 percent. Based on the expectation of low-single-digit Group revenue growth, the Group&apos;s Adjusted EBIT margin is forecasted to reach 5.5 to 6.5 percent, resulting in Group Adjusted EBIT amounting to between <money>EUR 2.0</money> and 2.4 billion in 2019.</p> <p>In its financial accounts for the first half year of 2019, the Group will also make a provision for a tax risk in an amount of <money>EUR 340 million</money> because the Supreme Tax Court changed the case law established in prior years.</p> <p><a/><sup>[1]</sup> Adjusted EBIT is not a financial term according to IFRS. Information regarding the calculation of the Adjusted EBIT can be found on page 234&#160;in the Annual Report 2018 of <org value="LSE:0H4A" idsrc="xmltag.org" >Deutsche Lufthansa AG</org>.<br/><br/> Contact:<br/><br/> <org value="LSE:0H4A" idsrc="xmltag.org" >Deutsche Lufthansa AG</org><br/> <person>Dennis Weber</person><br/> Phone: +49 (0) 69 696 28001<br/> Fax: +49 (0) 69 696 90990<br/> <a href="mailto:investor.relations@dlh.de">investor.relations@dlh.de</a><br/><br/> &#160;</p> </div> <hr/><p> <chron>16-Jun-2019 CET</chron>/CEST The DGAP Distribution Services include Regulatory Announcements, <org>Financial/Corporate News</org> and Press Releases. <br/>Archive at <a href="http://www.dgap.de">www.dgap.de</a><br/></p> <hr/></td> </tr></table><table><tr><td align="left" valign="top">Language:</td> <td align="left" valign="top">English</td> </tr><tr><td align="left" valign="top">Company:</td> <td align="left" valign="top"><org value="LSE:0H4A" idsrc="xmltag.org" >Deutsche Lufthansa AG</org></td> </tr><tr><td align="left" valign="top"/> <td align="left" valign="top">Venloer Str. 151-153</td> </tr><tr><td align="left" valign="top"/> <td align="left" valign="top">50672 <location value="LU/de..cologn" idsrc="xmltag.org" >Cologne</location></td> </tr><tr><td align="left" valign="top"/> <td align="left" valign="top"><location value="LC/de" idsrc="xmltag.org" >Germany</location></td> </tr><tr><td align="left" valign="top">Phone:</td> <td align="left" valign="top">+49 (0)69 696 28000</td> </tr><tr><td align="left" valign="top">Fax:</td> <td align="left" valign="top">+49 (0)69 696 90990</td> </tr><tr><td align="left" valign="top">E-mail:</td> <td align="left" valign="top"><a href="mailto:investor.relations@dlh.de">investor.relations@dlh.de</a></td> </tr><tr><td align="left" valign="top">Internet:</td> <td align="left" valign="top"><a href="http://www.lufthansagroup.com/investor-relations">www.lufthansagroup.com/investor-relations</a></td> </tr><tr><td align="left" valign="top">ISIN:</td> <td align="left" valign="top">DE0008232125, DE0008232125</td> </tr><tr><td align="left" valign="top">WKN:</td> <td align="left" valign="top">823212</td> </tr><tr><td align="left" valign="top">Indices:</td> <td align="left" valign="top">DAX</td> </tr><tr><td align="left" valign="top">Listed:</td> <td align="left" valign="top">Regulated Market in <location value="LU/de..dusldf" idsrc="xmltag.org" >Dusseldorf</location>, <location value="LU/de..frankf" idsrc="xmltag.org" >Frankfurt</location> (Prime Standard), <location value="LU/de..hambrg" idsrc="xmltag.org" >Hamburg</location>, <location value="LU/de..hanver" idsrc="xmltag.org" >Hanover</location>; Regulated Unofficial Market in Tradegate Exchange</td> </tr><tr><td align="left" valign="top">EQS News ID:</td> <td align="left" valign="top">825253</td> </tr></table><br/><table border="0"><tr><td align="left" valign="top" colspan="2"/> </tr></table><table border="0"><tr><td align="left" valign="top" colspan="2">&#160;</td> </tr><tr><td align="left" valign="top">End of Announcement</td> <td align="left" valign="top"><org>DGAP News Service</org></td> </tr></table><table border="0"><tr><td> <hr/></td> </tr></table><div> <p>825253&#160;&#160;16-Jun-<chron>2019&#160;CET</chron>/CEST</p> </div> <img src="https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=show_t_gif&amp;application_id=825253&amp;application_name=news&amp;site_id=acquiremedia_html" alt="fncls.ssp?fn=show_t_gif&amp;application_id=825253&amp;application_name=news&amp;site_id=acquiremedia_html" width="0" height="0" border="0"/></body></html>
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