Press Archive 2007
MTU Aero Engines starts the year 2007 with increased revenues and earnings
Munich –MTU Aero Engines Holding AG generated significantly increased revenues and earnings in the first quarter of 2007, sustaining the momentum of the strong performance in 2006. Revenues improved by 12% in the first three months of 2007, rising to €640.6 million (1-3/06: €574.5 million). MTU’s earnings rose significantly, with adjusted EBITDA1 reaching €90.6 million – an increase of 32% compared with the €68.8 million earned in the first three months of 2006. Adjusted net income2 for the first quarter 2007, at €26.1 million, remained more or less unchanged compared with the same period in 2006, when it amounted to €25.8 million. This year, however, it includes a nonrecurring charge for the early redemption premium in connection with the high-yield bond. Excluding this exceptional charge, adjusted net income increased by 45% to €37.5 million in the first quarter 2007.