Lufthansa Technik has increased earnings (adjusted EBIT) by five percent to €135.2 million in the first quarter compared to the same period last year. The MRO firm increased its revenue by more than 15% to €1.5bn . The targets for the full year are correspondingly ambitious, said the company, which is targeting revenue to exceed €6bn, with earnings targeted at €500 million
"With our capabilities, we are optimally positioned between the airlines and the manufacturers," says Dr. William Willms, chief financial officer of Lufthansa Technik. "We can proudly say that we are the partner of choice for many customers."
After signing more than 700 new contracts during the entire last year and thus acquiring new business worth €9.6 billion, Lufthansa Technik added another 167 contracts in the first quarter of this year - including, for example, contracts for the maintenance, repair and overhaul of auxiliary power units for Air France's Airbus A350 fleet and the overhaul of landing gears and aircraft for Emirates' A380 fleet.
As expected, Lufthansa Technik is now also registering increased demand in the engine sector. "There are significant catch-up effects in the engine sector resulting from the crisis period. In addition, there will be many new engines arriving in the workshops for their first check in the near future," explains William Willms. "All in all, we can say that we are once again on a very good track with engines. And that will remain the case."
In addition to the classic MRO divisions, Lufthansa Technik is also focussing on digitization - of the productive and administrative processes within the company on the one hand and on the services it offers on the other. Lufthansa Technik plans to further expand its recently introduced unique Digital Tech Ops Ecosystem, driven by the three digital solutions AVIATAR, AMOS and flydocs, and to support the technical operation of aircraft completely digitally.