Lufthansa Systems back on growth path
Lufthansa Systems today announced that it was able to increase its revenues again in the past financial year to â‚¬640 million (+5.1 per cent year-on-year).
April 1, 2014
Lufthansa Systems today announced that it was able to increase its revenues again in the past financial year to €640 million (+5.1 per cent year-on-year). The operating result came in at €36 million (+80 per cent). Lufthansa Systems attributed the results to among other things, “the continued optimisation of the production and sales units”. Lufthansa Systems was also able to expand its customer base and conclude numerous agreements in 2013 bringing the total to over 300 airlines and around 150 companies in other industries engaging the expertise and products of Lufthansa Systems.
“We are back on track for profitable growth, as promised. Thanks to our innovative products, proximity to customers and flexibility, we have further strengthened our market position in both the airline sector and Industry Solutions,” said Stefan Hansen, CEO of Lufthansa Systems AG, summarising the financial year. “This result is a firm foundation for actively shaping our future.
The year 2014 will be dedicated to the further development of our structures in accordance with market needs.” Against the backdrop of an improved earnings situation for airlines, the market for airline IT showed strong growth in 2013 after two years of declining revenues and as result of this Lufthansa Systems was able to achieve important sales successes in Europe and especially in Asia. In view of strong competition and the permanent need for large investments in the field of infrastructure services, Lufthansa Systems will contribute its data centres into a partnership with a large international provider. “As a consequence of technological progress, the costs in this area are determined largely by economies of scale,” Hansen explained. “This gives large global players a growing competitive advantage which we cannot compensate for in the long term on our own.”