DLAKF - Deutsche Lufthansa GAAP EPS of -Euro0.35 revenue of Euro7.02B; initiates FY23 guidance

2023-05-03 03:49:46 ET

• Deutsche Lufthansa press release ( OTCQX:DLAKF ): Q1 GAAP EPS of -€0.35.
• Revenue of €7.02B (+40.4% Y/Y).
• Adjusted EBIT in the first quarter of 2023 came to -€273M (previous year: -€577M); the Adjusted EBIT margin was -3.9% (previous year: -11.5%).
• Adjusted free cash flow decreased by 38% in the first quarter of 2023 to €482M (previous year: €780M).
• Outlook: The Lufthansa Group expects revenue to increase significantly in the 2023 financial year by comparison with the previous year; the continued recovery of the Passenger Airlines especially is expected to be the main factor here.
• In the 2023 financial year, the Lufthansa Group expects Adjusted EBIT to improve significantly Y/Y.
• Net capital expenditure by the Lufthansa Group in the 2023 financial year is expected to be between €2.5B and €3B.

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