Annual Report 2022
Record Result for 2022
Lufthansa Technik significantly increased both revenue and earnings in the financial year 2022 - despite a challenging environment. Adjusted EBIT even set a new record at 511 million euros (previous year: 362 million, up 41%). Revenue grew to 5.6 billion euros (previous year: 4.0 billion, up 39%), the third-best figure in the company's history.
"The strong dynamics in the aviation industry also shaped our fiscal year. It was a year that once again demanded everything of us. I would like to thank all our employees for their special commitment and their willingness to constantly change and improve our company," says Soeren Stark, CEO of Lufthansa Technik. "While we have not quite returned to our former dimensions, we will continue to grow from a position of strength." Increased demand for maintenance, repair and overhaul of aircraft and aircraft parts contributed significantly to the financial success.
A favorable US dollar exchange rate also played its part. And, of course, the great dedication of the Lufthansa Technik team: Despite all the challenges, such as difficulties in the supply chains and a lack of personnel in many areas, the company succeeded in bringing operations significantly up.