Latest IR News

Latest IR News 2019

At half-year, MTU Aero Engines AG has raised its forecast for 2019. The company is now projecting an adjusted EBIT margin in the region of 16 %. The original forecast had been 15.5 % (2018: 14.7 %). “The increase in the earnings outlook mainly reflects two factors: One is that our MTU Maintenance Zhuhai site in China developed somewhat more positively than anticipated. In addition, changes in the product mix also had a positive effect,” said Reiner Winkler, CEO of MTU Aero Engines AG. Net income adjusted is expected to increase in line with EBIT adjusted (EBIT adjusted, 2018: € 671.4 million, net income adjusted, 2018: € 479.1 million). The cash conversion rate – that is, the ratio of free cash flow to net income adjusted – is expected to lie between 65 and 70 % in 2019. MTU’s previous forecast specified a target range between 55 and 65 % (2018: 42 %).

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MTU Maintenance, the global leader in customized solutions for aero engines, and valued, long-term partner JetBlue Airways signed an exclusive 13-year contract for the airline’s V2500 pre-select fleet today. The contract covers maintenance, repair and overhaul for the engines from 2020 to 2033. This contract takes MTU Maintenance’s total contract wins to 4.5 billion U.S. Dollars for the first seven months of 2019.

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In the first quarter of 2019, MTU Aero Engines AG saw its revenues increase by 11 % from € 1,016.4 million to € 1,131.2 million. The group’s operating profit grew by 7 % to € 187.6 million (1-3/2018: € 175.1 million), resulting in an adjusted EBIT margin of 16.6 % (1-3/2018: 17.2 %). Net income increased in line with EBIT adjusted, rising by 8 % from € 123.3 million to € 133.5 million.

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MTU Maintenance, the global leader in customized solutions for aero engines, remains committed to its PW2000 engine MRO program for at least another 10 years. In recent months, the company has won contracts valued at more than 700 million U.S. dollars through its excellent, cost-effective solutions.

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MTU Maintenance, the global leader in customized solutions for aero engines, has signed a twelve-year GE90-115B maintenance contract with United Airlines. The fly-by-hour contract covers the maintenance, repair and overhaul of 49 engines powering the airline’s B777-300ER fleet and includes MTU proprietary repairs as well as engine trend monitoring.

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The Supervisory Board of MTU Aero Engines AG today accepted the Executive Board’s proposal to raise the company’s dividend to € 2.85 per share for the financial year 2018. This proposal, which represents an increase of 55 euro cents, or 24 %, compared with the previous year’s dividend, will be presented to the voting members of the Annual General Meeting on April 11, 2019.

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MTU Aero Engines AG once again set new records in the financial year 2018. Revenues increased by 17 % from € 3,897.4 million in 2017 to a new high of € 4,567.1 million. The group’s operating profit reached a new record level of € 671.4 million, similarly beating the previous year’s result by 17 % (2017: € 572.5 million). Net income also surpassed the previous record of € 404.9 million, set in 2017, growing by 18 % to € 479.1 million. 

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In the presence of the French and German Ministers of Defense, respectively Florence Parly and Ursula von der Leyen, Safran Aircraft Engines and MTU Aero Engines today officially announced their partnership to jointly lead the development, the production and the after-sales support activities of the new engine that will power the next-generation combat aircraft, as part of the Franco-German Future Combat Air System (FCAS). The aircraft will enter into service by 2040 to complement the current generation of Eurofighter and Rafale fighter aircraft.

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