For the 12 months to December, Lufthansa Systems reported total revenue of 635m euros ($763.2m), up 1.1% on 2004, with revenue generated outside the Lufthansa Group totaling 257m ($308.8m). The company’s operating profit was up slightly at 63m euros ($75.7m), compared to 61m euros ($73.3m) the previous year.
During 2005, Lufthansa Systems underwent a comprehensive restructuring, with its 18 business units trimmed back to just five: Airline Management Solutions, Passenger Airline Solutions, Airline Operations Solutions, Industry Solutions, and Infrastructure Solutions.
The company’s main goal for 2006 is to focus on key geographies, notably Europe, the Middle East and Asia-Pacific. The process has already begun: in June 2005, Lufthansa Systems began operating in Indonesia as part of a joint venture with Garuda Indonesia International Airline.
