Lufthansa : Profitability depends on self-help but also the strength of competition
>An ambitious FCF target … in 3-5 years’ time - At the CMD in Frankfurt yesterday, Lufthansa laid the groundwork for achieving ambitious targets… in 3-5 years’ time. The company is aiming to generate FCF of over € 1bn/year on average beyond 2020 vs. € 0.8bn on average in the last five years (ODDO BHF: € 860m) despite gross capex of € 3.5bn per year (the company is set to take delivery of 234 new aircraft in the period 2019-23 of which just 32 for growth). Beyond the i...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").
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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