Russia is set to significantly increase its expenditure on defence and national security according to a draft 2023 to 2025 budget.
Lufthansa Systems increases operating result in 2008
Despite slightly lower annual revenues of €657 million – down 3.2% compared to the previous year – Lufthansa Systems increased its 2008 operating result to €40 million.
Sales to Lufthansa Group companies declined by about 5.0%, while business with customers outside the Lufthansa Group remained virtually constant at €279 million.
"In a generally difficult business environment, we achieved a more than respectable result. The continued globalisation of our production enabled us to improve our profitability and competitiveness," said Wolfgang Gohde, CEO & chairman of the Executive Board of Lufthansa Systems. He believes the company is well positioned to face the challenges of the current economic crisis, not least because of the strength of the product portfolio. "Today, all airlines are looking for ways to quickly and sustainably improve their efficiency. We can supply the IT solutions that will enable them to achieve this objective without the need to commit to major investments."
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