DJ DGAP-Adhoc: Deutsche Lufthansa AG: Lufthansa expects operating result of around EUR 1.3 bn for 2008 - market environment has deteriorated
DJ DGAP-Adhoc: Deutsche Lufthansa AG: Lufthansa expects operating result of around EUR 1.3 bn for 2008 - market environment has deteriorated
Deutsche Lufthansa AG / Change in Forecast 03.02.2009 Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. =-------------------------------------------------------------------------- Lufthansa expects operating result of around EUR 1.3 bn for 2008 - market environment has deteriorated February 3, 2009 Based on initial projections, the Lufthansa Group now expects an operating result of around EUR 1.3 billion for the business year 2008. Previously, a result of around EUR 1.1 billion was forecasted. The increase is substantially attributable to a more stable result development in the fourth quarter than was previously expected. Lower revenues associated with a noticeable slowdown in demand were offset by cost reductions as a result of the decreasing fuel price and favorable valuation effects. The market environment has evolved poorly, however, with overall demand persisting at lower levels. As a result, the further business development is now afflicted by significantly higher than usual risks. Lufthansa will continue to closely observe the situation as it develops and react with the necessary measures. The 2008 Full Year results as well as the Annual Report will be published on March 11, 2009. At 8:00 CET, the information will be available online at www.lufthansa-financials.com. Contact: Deutsche Lufthansa AG Frank Hülsmann Tel.: +49 (0) 69-696-28001 Fax.: +49 (0) 69 696 90990 [email protected] 03.02.2009 Financial News transmitted by DGAP =-------------------------------------------------------------------------- Language: English Issuer: Deutsche Lufthansa AG Von-Gablenz-Str. 2-6 50679 Köln Deutschland Phone: +49 (0)69 696 28002 Fax: +49 (0)69 696 90990 E-mail: [email protected] Internet: www.lufthansa-financials.de ISIN: DE0008232125, DE0008232125 WKN: 823212 Indices: DAX Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard), Hannover, Düsseldorf, Hamburg, München, Stuttgart; Terminbörse EUREX End of News DGAP News-Service =--------------------------------------------------------------------------
(END) Dow Jones Newswires
February 03, 2009 05:36 ET (10:36 GMT)
