Edition:
India

Deutsche Lufthansa Says Lufthansa Group Adjusts FY Outlook, Makes Provision For Tax Risk


Monday, 17 Jun 2019 

June 16 (Reuters) - Deutsche Lufthansa AG ::DGAP-ADHOC: DEUTSCHE LUFTHANSA AG: LUFTHANSA GROUP ADJUSTS ITS FULL YEAR OUTLOOK AND MAKES PROVISION FOR A TAX RISK.NETWORK AIRLINES ARE NOW EXPECTED TO REACH AN ADJUSTED EBIT MARGIN BETWEEN 7 AND 9 PERCENT IN 2019.FOR EUROWINGS, GROUP PROJECTS AN FY ADJUSTED EBIT MARGIN BETWEEN -4 AND -6 PERCENT.GROUP'S ADJUSTED EBIT MARGIN IS FORECASTED TO REACH 5.5 TO 6.5 PERCENT FOR FY.SEES GROUP'S FY ADJUSTED EBIT AMOUNTING TO BETWEEN EUR 2.0 BILLION AND 2.4 BILLION IN 2019.IN ITS FINANCIAL ACCOUNTS FOR H1 2019, GROUP WILL ALSO MAKE A PROVISION FOR A TAX RISK IN AN AMOUNT OF EUR 340 MILLION.