Following last year’s record financial results [LONK], Lufthansa Technik, a specialist in technical aviation services, has now posted the best first-quarter result in the company’s 74-year history, with an Adjusted EBIT of 161 million Euros – up 49.5% from the figure of 108 million Euros in the same period last year. After the first three months, revenue was two billion Euros, which is 18.4% higher than in the same period last year.
Two factors are worth noting: strikes in Germany had a negative impact on the earnings for the first quarter last year, and due to internal reorganisation within Lufthansa Group, Lufthansa Industry Solutions is no longer part of the segment Technik, which has required comparative figures to be adjusted accordingly.
The Adjusted EBIT margin (the ratio of earnings to revenue) was 8.0% in the first quarter of 2025 (it was 6.3% in Q1 2024 due to the strikes) and is still below Lufthansa Technik’s target of 10%.
Lufthansa Technik notes that it signed more than 900 contracts last year, thereby acquiring new business worth nearly eight billion Euros. A further 176 contracts were signed in the first quarter of this year. In February, for
example, the company announced a multi-billion Euro contract with the Canadian airline WestJet for the maintenance of CFM LEAP-1B aircraft engines and the establishment of the new Lufthansa Technik Canada site in Calgary.
“We are delighted that the first quarter of 2025 went so well,” stated Soeren Stark, CEO of Lufthansa Technik. “At the same time, achieving our ambitious targets is not a foregone conclusion. For example, we are currently studying and preparing for the possible effects of increased customs duties. However, it is still too early to provide details.”
Lufthansa Technik notes that overall, ongoing difficulties with material supplies across the aviation industry and ‘disproportionately high cost increases’ continue to pose challenges. Despite these conditions, Lufthansa Technik is aiming for a positive revenue and earnings performance for the full year against the backdrop of continued strong demand for maintenance and repair services.
