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

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DGAP-Ad-hoc: Deutsche Lufthansa AG / Key word(s): Change in Forecast/Legal
Matter
Deutsche Lufthansa AG: Lufthansa Group adjusts its full year outlook and
makes provision for a tax risk

16-Jun-2019 / 22:17 CET/CEST
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.
The issuer is solely responsible for the content of this announcement.

Price deterioration in Europe caused by market-wide overcapacities and
aggressively growing low cost competitors are putting pressure on yields in
the European short-haul market. Lufthansa Group adjusts its full year
financial outlook as a result. Network Airlines are now expected to reach an
Adjusted EBIT[1] margin between 7 and 9 percent in 2019. For Eurowings, 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's
Adjusted EBIT margin is forecasted to reach 5.5 to 6.5 percent, resulting in
Group Adjusted EBIT amounting to between EUR 2.0 and 2.4 billion in 2019.

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 EUR 340 million because
the Supreme Tax Court changed the case law established in prior years.

[1] Adjusted EBIT is not a financial term according to IFRS. Information
regarding the calculation of the Adjusted EBIT can be found on page 234 in
the Annual Report 2018 of Deutsche Lufthansa AG.

Contact:

Deutsche Lufthansa AG
Dennis Weber
Phone: +49 (0) 69 696 28001
Fax: +49 (0) 69 696 90990
investor.relations@dlh.de

16-Jun-2019 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Deutsche Lufthansa AG
Venloer Str. 151-153
50672 Cologne
Germany
Phone: +49 (0)69 696 28000
Fax: +49 (0)69 696 90990
E-mail: investor.relations@dlh.de
Internet: www.lufthansagroup.com/investor-relations
ISIN: DE0008232125, DE0008232125
WKN: 823212
Indices: DAX
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard),
Hamburg, Hanover; Regulated Unofficial Market in Tradegate
Exchange
EQS News ID: 825253

End of Announcement DGAP News Service

825253 16-Jun-2019 CET/CEST



(END) Dow Jones Newswires

June 16, 2019 16:19 ET ( 20:19 GMT)
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