Lufthansa: shares take off after record results
(CercleFinance.com) - Lufthansa shares are up on Thursday after the German airline group reported its best ever results.
The shares are currently up 2.6% at 26.4 euros, outperforming the 0.3% rise in Frankfurt's DAX index.
Earlier today, the firm reported a 70% leap in adjusted EBIT to around 3 billion euros for 2017, meaning that its adjusted EBIT margin increased by 2.9 points to 8.4%.
Revenues were up 12.4% at 35.6 billion euros.
Analysts said the figures were better than expected, but also pointed out that Lufthansa forecast earnings to be below their 2017 level.
While Lufthansa says that higher fuel costs can be largely offset by an improved operating performance, the carrier still expects adjusted EBIT for 2018 to be "slightly below" its level in 2017, it said this Thursday.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The shares are currently up 2.6% at 26.4 euros, outperforming the 0.3% rise in Frankfurt's DAX index.
Earlier today, the firm reported a 70% leap in adjusted EBIT to around 3 billion euros for 2017, meaning that its adjusted EBIT margin increased by 2.9 points to 8.4%.
Revenues were up 12.4% at 35.6 billion euros.
Analysts said the figures were better than expected, but also pointed out that Lufthansa forecast earnings to be below their 2017 level.
While Lufthansa says that higher fuel costs can be largely offset by an improved operating performance, the carrier still expects adjusted EBIT for 2018 to be "slightly below" its level in 2017, it said this Thursday.
Copyright (c) 2018 CercleFinance.com. All rights reserved.