Market Estimates 2.0

Reports since	Number of reports: 19
	Number of recommendations: 14
	Share price: 11.04 EUR
	2/9/2010 2:28 PM

Current average recommendation

Recommendations

	Nov.	Dec.	Jan.	Feb.	Total*
Mean	2.17	2.17	2.27	1.50	2.29
1 Buy	2	3	5	1	7
2 Overweight	1	1	1	1	1
3 Hold	3	1	3	0	3
4 Underweight	0	0	1	0	1
5 Sell	0	1	1	0	2

* shows all unique recommendations for selected timeframe

Current distribution of recommendations

Recommendations history

Full year figures

	2006	2007	2008	2009 E	2010 E	2011 E	2012 E	CAGR-%
EPS (EUR)	2.00	3.00	1.31	-0.62	0.15	0.93	1.24	-6.60
Sales (mEUR)	19,849	22,420	24,870	22,466	24,666	25,899	26,224	4.06
EBITDA (mEUR)	2,129	2,790	2,421	1,527	2,009	2,593	3,103	5.53

CAGR-% = the compound annual growth rate

* Please note: there might be some differences in the calculation basis of the estimates, for example inventory gains and losses, non reccurring items and the amount of shares.

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The Consensus of Market Estimates is calculated by FactSet and is based on the earnings projections made by brokers covering Lufthansa. Any opinions, estimates or forecasts regarding Lufthansa'S performance made by such brokers (and therefore the Consensus figures) are theirs alone and do not represent opinions, forecasts or predictions of Lufthansa or its Management. By distributing the estimates information Lufthansa does not imply its endorsement of or concurrence with such information.

© FactSet Estimates, ALL RIGHTS RESERVED. All copying and redistribution prohibited. Convergence consensus: Brokers generally revise their estimates for a firm every time it publishes its results in order to take account of the new information. Even so, a difference between broker estimates and the company's actual results can persist, notably because the treatment of certain accounting elements may differ. The treatment of exceptional items is a good example. FactSet Estimates terms the consensus of estimates after the publication of results the 'convergence consensus'. It is available between one and several weeks after the publication of results, the delay depending on the firm's size and the speed of brokers' adjustments. Where there is no ambiguity over a figure published by the company (sales, dividend, etc), FactSet Estimates integrates it as 'Actual' data. Other data remain consensus figures, as explained above.