Lufthansa has published the first figures for the third quarter. These are above the market’s expectations. The experts at Deutsche Bank had also expected worse data.
Lufthansa reports an EBIT of -1.262 billion euros. The experts had expected -1.305 billion euros, the consensus was -1.432 billion euros. The free cash flow is -2.069 billion euros. Here the expert estimate stood at -3.543 billion euros. Lufthansa currently has a net debt of 8.93 billion euros. The experts assumed 9.169 billion euros.
You confirm the sell recommendation for Lufthansa shares. The analysts continue to see the price target at EUR 5.20.
This makes them even more cautious than the analysts at Independent Research. These also suggest a sell recommendation, but see the price target at EUR 6.00.
The shares of Lufthansa lose 1.8 percent in the morning to 8.07 euros.
At a glance – chart and news: Lufthansa