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Mar 6 2025, 07:04 GMT
Lufthansa
Turning point
DAVY VIEW
In what was a challenging year (the group warned twice), 2024 delivered an adjusted EBIT of €1,645m (4.4% margin) – slightly above consensus of €1,585m (Davy: €1,539m). We are encouraged by the guidance of “adjusted EBIT in the 2025 financial year to be significantly higher than in the previous year” (Davy forecast €2,037m; consensus €1,982m). Further execution of the turnaround programme should be a turning point for the group.
