Deutsche Lufthansa AG

Deutsche Lufthansa is an aviation group based in Germany. Co. maintains global operations and a total of more than 500 subsidiaries and associated companies. Co. operates in five major business segments: scheduled passenger air traffic ("Passenger Airline Group"); scheduled airfreight services ("Logistics"); maintenance, repair and overhaul ("MRO"); information technology ("IT Services") and catering ("Catering").
  • TickerLHA
  • ISINDE0008232125
  • SectorTravel & Leisure
  • CountryGermany

Analysts

Alain William ...
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Emira Sagaama
  • Fatma Ayachi
  • Jean-François Granjon
  • Jeremy Garnier
  • Martial Descoutures
  • Nicolas Thorez
  • Olfa Taamallah
  • Oussema Denguir
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 04/01/2020

We simulated the impact of COVID-19 on companies in our universe of coverage from an operating viewpoint. Setting target prices is a risky business amid uncertainty and very rapid movements in the financial markets, reacting more to political/sanitary news flow than to corporate disclosures. However, we tried to include the increase in the perceived risk premium and the change in aggregates in our valuations. As the current crisis is set to have radically different impacts on the twen...

Alain William ...
  • Alexandre Iatrides
  • Benoit Valleaux
  • Emira Sagaama
  • Fatma Ayachi
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Olfa Taamallah
  • Roland Pfaender,MBA,CFA,CCRA
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/01/2020

We simulated the impact of COVID-19 on companies in our universe of coverage from an operating viewpoint. Setting target prices is a risky business amid uncertainty and very rapid movements in the financial markets, reacting more to political/sanitary news flow than to corporate disclosures. However, we tried to include the increase in the perceived risk premium and the change in aggregates in our valuations. As the current crisis is set to have radically different impacts on the twen...

Alain William ...
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Emira Sagaama
  • Fatma Ayachi
  • Jean-François Granjon
  • Jeremy Garnier
  • Martial Descoutures
  • Nicolas Thorez
  • Olfa Taamallah
  • Oussema Denguir
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 01/04/2020

Nous avons simulé l’impact du COVID-19 sur les sociétés de notre coverage d’un point de vue opérationnel. La détermination d’objectifs de cours est plus hasardeuse dans ce contexte d’incertitude et de mouvements très rapides des marchés financiers, réagissant davantage à un newsfow politique/sanitaire qu’aux communications des sociétés. Nous avons toutefois intégré l’augmentation de la prime de risque perçue et la modification des agrégats dans nos valorisations. Cette crise ayant des...

Alain William ...
  • Alexandre Iatrides
  • Benoit Valleaux
  • Emira Sagaama
  • Fatma Ayachi
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Olfa Taamallah
  • Roland Pfaender,MBA,CFA,CCRA
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 01/04/2020

Nous avons simulé l’impact du COVID-19 sur les sociétés de notre coverage d’un point de vue opérationnel. La détermination d’objectifs de cours est plus hasardeuse dans ce contexte d’incertitude et de mouvements très rapides des marchés financiers, réagissant davantage à un newsfow politique/sanitaire qu’aux communications des sociétés. Nous avons toutefois intégré l’augmentation de la prime de risque perçue et la modification des agrégats dans nos valorisations. Cette crise ayant des...

Fatma Ayachi ...
  • Olfa Taamallah
  • Yan Derocles

ODDO : Pushing back of the timing for an upturn in traffic – what impact for our coverage?

>Our scenario for an upturn in traffic in June-July is still plausible… - Our scenario of a 23% decline in global air traffic in 2020 is based on an upturn in volumes as of June-July. In order to respect this inflection point, two questions must be addressed i.e.: 1/ the duration of confinement and 2/ the exit scenario pending market approval for a vaccine becoming commercially available, the only solution to stemming the spread of the coronavirus epidemic (12-24 mont...

Jérôme VINERIER

Short term view - LUFTHANSA : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €17.30. The background trend would be questioned should prices rise above €23.50.

Jérôme VINERIER

Analyse court terme - LUFTHANSA : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 17,30 €. La tendance de fond serait remise en cause en cas de franchissement de 23,50 €.

Jérôme VINERIER

Analyse court terme - LUFTHANSA : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 17,300 €. La tendance de fond serait remise en cause en cas de franchissement de 23,500 €.

Jérôme VINERIER

Short term view - LUFTHANSA : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €17.300. The background trend would be questioned should prices rise above €23.500.

Jérôme VINERIER

Medium term view - LUFTHANSA : The trend is uncertain.

The trend is uncertain. Prices are falling and they may accelerate to the downside. A new bearish trend is attempting to emerge.

Fatma Ayachi ...
  • Olfa Taamallah
  • Yan Derocles

ODDO : Pushing back of the timing for an upturn in traffic – what impact for our coverage?

>Our scenario for an upturn in traffic in June-July is still plausible… - Our scenario of a 23% decline in global air traffic in 2020 is based on an upturn in volumes as of June-July. In order to respect this inflection point, two questions must be addressed i.e.: 1/ the duration of confinement and 2/ the exit scenario pending market approval for a vaccine becoming commercially available, the only solution to stemming the spread of the coronavirus epidemic (12-24 mont...

Fatma Ayachi ...
  • Olfa Taamallah
  • Yan Derocles

ODDO : Décalage du timing de redressement du trafic – Quel impact pour notre couverture?

>Notre scenario de redressement du trafic en juin-juillet est toujours crédible… - Notre scénario de recul du trafic aérien mondial de 23% en 2020 se base sur un redressement notable des volumes à partir de juin-juillet. Afin de respecter ce point d’inflexion, il est cependant nécessaire d’adresser deux questions à savoir : 1/ la durée du confinement et 2/ le scénario de sortie en attendant la mise sur le marché de vaccins, seuls capables d’endiguer la propagation de ...

Deutsche Lufthansa Ag: 1 director bought

A director at Deutsche Lufthansa Ag bought 22,309 shares at 9.884EUR and the significance rating of the trade was 74/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names ...

Fatma Ayachi ...
  • Olfa Taamallah
  • Yan Derocles

ODDO : COVID-19: our travel guide through the current clouds

Air transport and the civil aerospace sector are bearing the full brunt of the COVID-19 crisis and we believe that current prices offer unprecedented opportunities on solid players. We prefer IAG and Ryanair, and also Airbus, which we upgrade to Buy. For its part, the defence sector looks relatively immune. - >Our scenario points to a fall in global air traffic of 23% in 2020 and a partial catch-up in 2021 at +15% - In just a few days, the outlook for air transport ha...

Fatma Ayachi ...
  • Olfa Taamallah
  • Yan Derocles

ODDO : COVID-19 : le test de résilience pour notre couverture

Si le transport aérien et l’aéronautique civile subissent de plein fouet la crise du COVID-19, nous estimons que les cours offrent aujourd’hui des opportunités inédites sur les acteurs solides. Nous privilégions IAG, Ryanair ainsi qu'Airbus que nous upgradons à Achat. De son côté la Défense nous paraît relativement immunisée. - >Notre scenario implique un recul du trafic aérien mondial de 23% sur 2020 et un rattrapage partiel sur 2021 à +15% - En quelques jours, les p...

Deutsche Lufthansa Aktiengesellschaft - December 2017 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Deutsche Lufthansa Aktiengesellschaft: Lufthansa's stronger than expected 2017 results are credit positive; deleveraging much faster than anticipated

Lufthansa's 2017 financial results significantly improved compared to 2016 and were stronger than we anticipated.

Deutsche Lufthansa Aktiengesellschaft - September 2017 (LTM): Peer Snapshot

Peer Snapshot:  Deutsche Lufthansa Aktiengesellschaft - September 2017 (LTM) 14 December 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Sep-17 FYE Dec-15 FYE Dec-16 LTM Jun-17 FYE Dec-15 FYE Dec-16 LTM Sep-17

Deutsche Lufthansa Aktiengesellschaft : Acquisition of parts of Air Berlin's business is credit positive as it improves Lufthansa's scale and market position

CORPORATES ISSUER COMMENT 16 October 2017 Contacts Mario Santangelo +44.20.7772.8623 Associate Managing Director [email protected] Sven Reinke +44.20.7772.1057 Senior Vice President [email protected] CLIENT SERVICES Americas 1-212-553-1653 Asia Pacific 852-3551-3077 Japan 81-3-5408-4100 EMEA 44-20-7772-5454 Deutsche Lufthansa Aktiengesellschaft Acquisition of parts of Air Berlin

Deutsche Lufthansa Aktiengesellschaft - June 2017 (LTM): Peer Snapshot

Peer Snapshot:  Deutsche Lufthansa Aktiengesellschaft - June 2017 (LTM) 30 August 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Jun-17 FYE Dec-14 FYE Dec-15 LTM Dec-16 FYE Dec-15 FYE Dec-16 LTM Jun-17

Alain William ...
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Emira Sagaama
  • Fatma Ayachi
  • Jean-François Granjon
  • Jeremy Garnier
  • Martial Descoutures
  • Nicolas Thorez
  • Olfa Taamallah
  • Oussema Denguir
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 04/01/2020

We simulated the impact of COVID-19 on companies in our universe of coverage from an operating viewpoint. Setting target prices is a risky business amid uncertainty and very rapid movements in the financial markets, reacting more to political/sanitary news flow than to corporate disclosures. However, we tried to include the increase in the perceived risk premium and the change in aggregates in our valuations. As the current crisis is set to have radically different impacts on the twen...

Alain William ...
  • Alexandre Iatrides
  • Benoit Valleaux
  • Emira Sagaama
  • Fatma Ayachi
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Olfa Taamallah
  • Roland Pfaender,MBA,CFA,CCRA
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/01/2020

We simulated the impact of COVID-19 on companies in our universe of coverage from an operating viewpoint. Setting target prices is a risky business amid uncertainty and very rapid movements in the financial markets, reacting more to political/sanitary news flow than to corporate disclosures. However, we tried to include the increase in the perceived risk premium and the change in aggregates in our valuations. As the current crisis is set to have radically different impacts on the twen...

Alain William ...
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Emira Sagaama
  • Fatma Ayachi
  • Jean-François Granjon
  • Jeremy Garnier
  • Martial Descoutures
  • Nicolas Thorez
  • Olfa Taamallah
  • Oussema Denguir
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 01/04/2020

Nous avons simulé l’impact du COVID-19 sur les sociétés de notre coverage d’un point de vue opérationnel. La détermination d’objectifs de cours est plus hasardeuse dans ce contexte d’incertitude et de mouvements très rapides des marchés financiers, réagissant davantage à un newsfow politique/sanitaire qu’aux communications des sociétés. Nous avons toutefois intégré l’augmentation de la prime de risque perçue et la modification des agrégats dans nos valorisations. Cette crise ayant des...

Alain William ...
  • Alexandre Iatrides
  • Benoit Valleaux
  • Emira Sagaama
  • Fatma Ayachi
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Olfa Taamallah
  • Roland Pfaender,MBA,CFA,CCRA
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 01/04/2020

Nous avons simulé l’impact du COVID-19 sur les sociétés de notre coverage d’un point de vue opérationnel. La détermination d’objectifs de cours est plus hasardeuse dans ce contexte d’incertitude et de mouvements très rapides des marchés financiers, réagissant davantage à un newsfow politique/sanitaire qu’aux communications des sociétés. Nous avons toutefois intégré l’augmentation de la prime de risque perçue et la modification des agrégats dans nos valorisations. Cette crise ayant des...

Ahmed Ben Salem ...
  • Alain William
  • Anis Zgaya
  • Christophe-Raphaël Ganet
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Louis Boujard, CFA
  • Manuel Martin, CEFA,CREA
  • Martial Descoutures
  • Michael Foundoukidis
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/19/2020

...

Zhang Jun

Deutsche Lufthansa AG

With a more favourable environment, DEUTSCHE LUFTHANSA AG improves to Slightly Positive

DEUTSCHE LUFTHANSA AG (DE), a company active in the Airlines industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date November 12, 2019, the closing price was EUR 17.70 and its potential was estimated at EUR 18.59.

Zhang Jun

Deutsche Lufthansa AG

Deutsche Lufthansa

Deutsche Lufthansa

Expert Corporate Governance Service (ECGS)

Deutsche Lufthansa - AGM 07 May 2019

Item 6: Approval is sought for the new remuneration system for the Management Board which is applicable since financial year 2019. The new remuneration system is considered as an improvement compared to the previous remuneration system due to a reduction of complexity and the introduction of share ownership guidelines. However, we have concerns over the increase in the base salary of the CEO by 18%, which we consider as inadequately high, as well as over the absolute level and structure of remuneration being paid to Management Board members: The maximum total remuneration (excluding pension be...

Lufthansa – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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