Lufthansa Technik: Maintained its course well in 2011 in a difficult market

Hamburg (ots) -

- Revenue increased slightly / Result below last year's
- "Steps to improve our result are unavoidable?

The Hamburg-based Lufthansa Technik Group, one of the world's
leading providers of technical services for aircraft, ended fiscal
2011 with a slight increase in revenue despite a difficult market.
Revenue grew by 1.9 percent to 4.1 billion euros. In spite of
continued pressure on costs, the company's result fell only slightly
below the good result of the previous year. The annual report of the
21 consolidated Lufthansa Technik Group companies shows an operating
result of 257 million euros.

"Considering the tense economic situation of many airlines, the
revenue decline in some markets, and the negative effect on growth in
customer business brought about by the valuation of the dollar,
Lufthansa Technik maintained its course well in 2011," said August
Wilhelm Henningsen, CEO of Lufthansa Technik AG, on March 22 in
Hamburg. In addition to a smooth introduction of services for
Lufthansa's Airbus A380 flagship, the company also successfully began
to provide technical support for new aircraft types such as the
Boeing 787 and 747-8 Intercontinental, and made progress with the
market-oriented expansion of the Group.

"However, the decline in the company's operating result also makes
it clear that additional steps to improve our result are unavoidable
given the growing price, cost and competitive pressures," explained
Henningsen. He stressed that the company has already improved
productivity and efficiency for customers with a wide variety of
measures and programs.

"But that is not enough. We need additional cost reductions to be
sure of winning sales projects. It is our goal to improve our result
by more than 110 million euros by 2014, and to achieve this we will
rethink existing structures and examine resources very closely."

Alongside the facilities in Germany, an important role is played
by the international members of the Group, which has a total of 30
production sites and 26,000 employees around the world. The new test
bay at Lufthansa Technik AERO Alzey, a second hangar at Lufthansa
Technik Sofia, the newly opened A380 hangar at Lufthansa Technik
Philippines and the company's presence at the new Berlin Brandenburg
International Airport all make valuable contributions to Lufthansa
Technik?s competitiveness.

Currently Lufthansa Technik looks after 770 customers and a total
of 2.125 aircraft around the world. In 2011, the Group was able to
win 45 new customers and conclude more than 400 new contracts. The
total sales volume for fiscal year 2011 alone amounted to 506 million
euros.

According to Henningsen, the product portfolio is being developed
and expanded flexibly. "A high level of customer loyalty and
outstanding quality will continue to be the values by which we live.
Our position in the global MRO competition is very solid, and with
our international structure we will be able to satisfy the demands of
the market in the future as well as today."

Lufthansa Technik:

The Lufthansa Technik Group, with more than 30 subsidiaries and
associates and over 26,000 employees worldwide, is one of the leading
manufacturer-independent providers of technical services for the
aviation industry. Its portfolio encompasses the entire spectrum of
services for commercial aircraft: maintenance, repair, overhaul,
modification and conversion, engines and components.

Contact:
Lufthansa Technik AG
Corporate Communications
Weg beim Jaeger 193
22335 Hamburg, Germany
Phone +49-40-5070-3667
Fax +49-40-5070-8534
press.pr@lht.dlh.de
www.lufthansa-technik.com/media

Coporate Headquarters:
Lufthansa Technik AG, Hamburg

Registration:
Amtsgericht Hamburg HRB 56865
Chairman of the Supervisory Board:
Stephan Gemkow

Executive Board:
August Wilhelm Hennigsen
(Chairman)
Dr. Peter Jansen
Uwe Mukrasch
Dr. Thomas Stueger