Lufthansa Systems boosts profit in 2012

Washington DC
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Lufthansa Systems generated a €21 million ($27.2 million) profit in 2012, a 10.5% increase year-over-year.

Revenues in 2012 totalled €609 million, with contracts reaching €649 million in the year. Revenues from external customers rose 11.3% to €256 million.

The company has benefitted from its company-wide restructuring programme known as "score," said Stefan Hansen, chief of Lufthansa Systems. The initiative involves implementing 2,500 efficiency programmes throughout Lufthansa Group,

"The revenue increase with a growing number of external customers and our high volume of incoming orders show that we have significantly improved our competitive position through restructuring and the changes initiated in the context of the Lufthansa Group's score programme," said Hansen.

Throughout the year, Lufthansa's informational technology arm added the Air France-KLM group and Ryanair as new customers for its Lido/Flight planning tool and continued testing with Condor, Virgin Australia and Lufthansa for its BoardConnect inflight entertainment platform. It also pursued projects with several non-aviation customers.

Lufthansa Group has implemented several cost-saving measures as part of the "score" programme, including closure of its administrative facilities in Hamburg and Cologne. The company is targeting €1.5 billion in savings through 2015 by implementing "score". The group generated €618 million in operational improvements last year, or double the savings it expected.