Lufthansa Technik has published its financial results for the full year 2023, noting that ‘despite a persistently challenging environment’, both revenue and earnings increased ‘significantly’. The company’s revenue grew to €6.547bn ($7.16bn), up 18%, returning to pre-covid levels. Adjusted EBIT once again set a record.
""We made the best possible use of the past year and made a comeback and found new strength after the debilitating years of the Covid crisis,"" says Soeren Stark, CEO of Lufthansa Technik. ""We want to
continue to grow from this position. By 2030, Lufthansa Technik intends to increase its revenue to over €10bn ($11bn) with a double-digit earnings margin; citing the technical support business for engines and aircraft components as “a disproportionately high growth driver”.
At the end of the financial year 2023, the company was providing support for around 4,600 aircraft under long-term component contracts, having signed some 1,000 new contracts with a volume of €8bn ($8.75bn).
Lufthansa Technik 2023 revenue up 13%
