DGAP-Adhoc

Deutsche Lufthansa AG: Restructuring and outsourcing of the Infrastructure division close to finalization

Deutsche Lufthansa AG / Key word(s): Disposal

22.10.2014 08:01

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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Deutsche Lufthansa AG intends the sale of the IT infrastructure division of
Lufthansa Systems AG including the completion of an IT service agreement
for the Lufthansa Group with the IBM Group at the same time. The final
terms and conditions are still subject to negotiations. The future savings
during the likely term of the agreement, which is to run for a period of
seven years, will average some EUR 70 million annually. Restructuring
charges and the purchase price will have a one-time negative impact of EUR
240 million (before taxes) in the 2014 financial year. This impact will not
be recognized in the operating result, which is relevant for the financial
guidance, but in the IFRS net result of the Lufthansa Group and the HGB
(local GAAP) result of Deutsche Lufthansa AG. Closing of the agreement is
in particular subject to the approval of the company's Supervisory Board.
The closing of the transaction and thus the dissolution of the IT business
segment is expected to take place at the end of the first quarter of 2015.


22.10.2014 The DGAP Distribution Services include Regulatory Announcements,
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Language: English
Company: Deutsche Lufthansa AG
Von-Gablenz-Straße 2-6
50679 Köln
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.lufthansagroup.com/investor-relations
ISIN: DE0008232125, DE0008232125
WKN: 823212
Indices: DAX
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, Hannover, München, Stuttgart; Terminbörse
EUREX

End of Announcement DGAP News-Service

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