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BAGCO offers investors 4% interest on return money

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BAGCO offers investors 4% interest on return money

March 12, 2008

 

-Airline targets yet another improvement of its result in the current year

 

Deutsche Lufthansa AG posted record figures for profit and revenue in 2007 for the second year in a row. The Group profit after taxes was 1.7 billion euros; more than double that of the previous year.

 

Revenue during the last year increased by 13 per cent to 22.4 billion euros.  The operating profit also climbed to a new record peak at 1.4 billion euros, which was equivalent to a rise of 63.1 per cent.

 

Lufthansa Chairman and CEO Wolfgang Mayrhuber praised the level and quality of the result, as well as the renewed improvement of the already solid result saying: “The result emphasizes the excellent performance that has been rendered by everyone here at Lufthansa.

 

It is especially worth mentioning that we have achieved this record result at a time when fuel prices are at their highest, financial markets are full of uncertainty and competition is harder than ever.

 

The course that we have set is one of sustainability.†Mayrhuber added that the outstanding figures were the result of the company’s successful efforts to make Lufthansa an even greater asset for investors and a more attractive product for customers.

 

In view of the excellent development of the operating profit, the Group Executive Board and the Supervisory Board will be proposing a 55 cent higher dividend of 1.25 euros per share at the annual general meeting.

 

The Lufthansa Group continued to implement its strategy by again focussing on its core competencies and profitability during 2007: All business segments contributed to the success with positive results. The airlines of the strategic passenger business segment achieved excellent results. The development of SWISS International Air Lines was particularly successful: The Swiss airline, which has been fully consolidated in the Group accounts since July 2007, had the best year in the company’s history.

 

Deutsche Lufthansa AG

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