Deutsche Lufthansa AG

Deutsche Lufthansa is an aviation group based in Germany. Co. maintains global operations and a total of more than 500 subsidiaries and associated companies. Co. operates in five major business segments: scheduled passenger air traffic ("Passenger Airline Group"); scheduled airfreight services ("Logistics"); maintenance, repair and overhaul ("MRO"); information technology ("IT Services") and catering ("Catering").
  • Ticker823212
  • ISINDE0008232125
  • SectorTravel & Leisure
  • CountryGermany

Analysts

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Emira Sagaama
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Matthias Desmarais
  • Olfa Taamallah
  • Olivier Lebrun
  • Stephane Houri
  • Steven Gould
  • Veysel Taze
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/18/2019

...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Emira Sagaama
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Matthias Desmarais
  • Olfa Taamallah
  • Olivier Lebrun
  • Stephane Houri
  • Steven Gould
  • Veysel Taze
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 18/03/2019

...

Olfa Taamallah ...
  • Yan Derocles

Lufthansa : Streamlining of capacity and self-help on unit costs will bring greater optimism

>Unit revenues: the base of comparison is difficult in H1 but the skies are much clearer in H2 - The message on passenger unit revenues came across as cautious in H1 2019 due to: i/ the continuation, in the first few months of the year, of the bearish trends visible at the end of last year (-3% in Q4 with -4.9% in Europe and -14.8% in South America); and ii/ demanding bases of comparison in H1 (RASK growth of +1.2% in Q1 2018 and +1.3% in Q2). The message was also eva...

Olfa Taamallah ...
  • Yan Derocles

Lufthansa : La rationalisation des capacités et le self-help sur les coûts unitaires amèneront plus d’optimisme

>Recette unitaire : base de comparaison difficile au S1 mais l’horizon se dégage fortement au S2 - Le message sur la recette unitaire passage est ressorti prudent sur le S1 2019 en raison i/ d’une poursuite, sur les premiers mois de l’exercice, des tendances baissières visibles en fin d’année dernière (-3% au T4 dont -4.9% sur l’Europe et -14.8% sur l’Amérique du Sud) et ii/ de bases de comparaisons élevées au S1 (RASK de +1.2% au T1 2018 et +1.3% au T2). L...

Lufthansa – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Deutsche Lufthansa Aktiengesellschaft - December 2017 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Deutsche Lufthansa Aktiengesellschaft: Lufthansa's stronger than expected 2017 results are credit positive; deleveraging much faster than anticipated

Lufthansa's 2017 financial results significantly improved compared to 2016 and were stronger than we anticipated.

Deutsche Lufthansa Aktiengesellschaft - September 2017 (LTM): Peer Snapshot

Peer Snapshot:  Deutsche Lufthansa Aktiengesellschaft - September 2017 (LTM) 14 December 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Sep-17 FYE Dec-15 FYE Dec-16 LTM Jun-17 FYE Dec-15 FYE Dec-16 LTM Sep-17

Deutsche Lufthansa Aktiengesellschaft : Acquisition of parts of Air Berlin's business is credit positive as it improves Lufthansa's scale and market position

CORPORATES ISSUER COMMENT 16 October 2017 Contacts Mario Santangelo +44.20.7772.8623 Associate Managing Director [email protected] Sven Reinke +44.20.7772.1057 Senior Vice President [email protected] CLIENT SERVICES Americas 1-212-553-1653 Asia Pacific 852-3551-3077 Japan 81-3-5408-4100 EMEA 44-20-7772-5454 Deutsche Lufthansa Aktiengesellschaft Acquisition of parts of Air Berlin

Deutsche Lufthansa Aktiengesellschaft - June 2017 (LTM): Peer Snapshot

Peer Snapshot:  Deutsche Lufthansa Aktiengesellschaft - June 2017 (LTM) 30 August 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Jun-17 FYE Dec-14 FYE Dec-15 LTM Dec-16 FYE Dec-15 FYE Dec-16 LTM Jun-17

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Emira Sagaama
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Matthias Desmarais
  • Olfa Taamallah
  • Olivier Lebrun
  • Stephane Houri
  • Steven Gould
  • Veysel Taze
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/18/2019

...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Emira Sagaama
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Matthias Desmarais
  • Olfa Taamallah
  • Olivier Lebrun
  • Stephane Houri
  • Steven Gould
  • Veysel Taze
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 18/03/2019

...

Olfa Taamallah ...
  • Yan Derocles

Lufthansa : Streamlining of capacity and self-help on unit costs will bring greater optimism

>Unit revenues: the base of comparison is difficult in H1 but the skies are much clearer in H2 - The message on passenger unit revenues came across as cautious in H1 2019 due to: i/ the continuation, in the first few months of the year, of the bearish trends visible at the end of last year (-3% in Q4 with -4.9% in Europe and -14.8% in South America); and ii/ demanding bases of comparison in H1 (RASK growth of +1.2% in Q1 2018 and +1.3% in Q2). The message was also eva...

Olfa Taamallah ...
  • Yan Derocles

Lufthansa : La rationalisation des capacités et le self-help sur les coûts unitaires amèneront plus d’optimisme

>Recette unitaire : base de comparaison difficile au S1 mais l’horizon se dégage fortement au S2 - Le message sur la recette unitaire passage est ressorti prudent sur le S1 2019 en raison i/ d’une poursuite, sur les premiers mois de l’exercice, des tendances baissières visibles en fin d’année dernière (-3% au T4 dont -4.9% sur l’Europe et -14.8% sur l’Amérique du Sud) et ii/ de bases de comparaisons élevées au S1 (RASK de +1.2% au T1 2018 et +1.3% au T2). L...

Fatma Ayachi ...
  • Olfa Taamallah
  • Yan Derocles

ODDO : Capacity discipline masked by economic and political uncertainty

Our bottom-up analysis of capacity for the 2019 summer season points to a disciplined approach to the medium-haul and long-haul segments from/to Europe which will not be sufficient to mask pricing pressure (undermined by Brexit). We have upgraded our recommendation on Lufthansa to Buy to play consolidation in the German market, self-help and the valuation. In contrast, we have downgraded IAG to Reduce on the Brexit theme. - >Better capacity discipline expected over the su...

1 director bought

A director at Deutsche Lufthansa Ag bought 12,500 shares at 22.680EUR and the significance rating of the trade was 80/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names...

Alain William ...
  • Benoit Valleaux
  • Cecile De Coincy
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Michael Foundoukidis
  • Olfa Taamallah
  • Pierre Tegner
  • Samantha Jeary
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/19/2019

In spite of a thorough restructuring programme (operational and financial), Veolia’s valuation multiples remain close to their average historic levels. The group has significantly reduced its areas of industrial risk and is benefiting from its revamped commercial positioning. Optimisation is set to continue in the medium term and should drive performance, along with bolt-on acquisitions. Whilst there is a risk of macroeconomic slowdown, this is yet to be reflected in volumes. The valu...

Charles Lepetitpas ...
  • Jerôme Bodin
  • Nicolas David
  • Olfa Taamallah
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 02/19/2019

...

Alain William ...
  • Benoit Valleaux
  • Cecile De Coincy
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Michael Foundoukidis
  • Olfa Taamallah
  • Pierre Tegner
  • Samantha Jeary
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 19/02/2019

En dépit d’une restructuration en profondeur (opérationnelle et financière), les multiples de valorisation de Veolia demeurent proches des niveaux historiques moyens. Le groupe a significativement réduit ses zones de risques industriels et bénéficie de son positionnement commercial renouvelé. L’optimisation va se poursuivre sur le moyen terme et alimenter la performance, avec une croissance externe ciblée. Si un risque de ralentissement macroéconomique existe, il ne se reflète pas enc...

Charles Lepetitpas ...
  • Jerôme Bodin
  • Nicolas David
  • Olfa Taamallah
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 19/02/2019

...

Ahmed Ben Salem ...
  • Alex Koagne
  • Alexandre Iatrides
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/31/2018

...

With a more favourable environment, DEUTSCHE LUFTHANSA AG improves to Slightly Positive

DEUTSCHE LUFTHANSA AG (DE), a company active in the Airlines industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date November 27, 2018, the closing price was EUR 21.02 and its potential was estimated at EUR 23.50.

Deutsche Lufthansa

Deutsche Lufthansa

Deutsche Lufthansa

Deutsche Lufthansa

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Lufthansa – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jérôme VINERIER

Short term view - LUFTHANSA : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €17.30. The background trend would be questioned should prices rise above €23.50.

Jérôme VINERIER

Analyse court terme - LUFTHANSA : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 17,30 €. La tendance de fond serait remise en cause en cas de franchissement de 23,50 €.

Jérôme VINERIER

Analyse court terme - LUFTHANSA : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 17,300 €. La tendance de fond serait remise en cause en cas de franchissement de 23,500 €.

Jérôme VINERIER

Short term view - LUFTHANSA : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €17.300. The background trend would be questioned should prices rise above €23.500.

Jérôme VINERIER

Analyse moyen terme - LUFTHANSA : La tendance est incertaine.

La tendance est incertaine. Les cours baissent, et il y a une possibilité d'accélération baissière. Une nouvelle tendance baissière tente de démarrer.

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