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LATEST IR NEWS 2021

MTU Aero Engines is Germany's leading engine manufacturer and an established global player in the industry. It engages in the development, manufacture, marketing and support of commercial and military aircraft engines in all thrust and power categories and industrial gas turbines. The German manufacturer employs approximately 10,000 people overall and with its various affiliates and subsidiaries has a presence in all significant regions and markets worldwide. In the years ahead, MTU will focus its resources on its core business, seek stakes in emerging engine programs and expand its service offerings.

At its virtual Capital Market Day, MTU Aero Engines AG provided an initial outlook for 2022 and presented its mid-term growth plans. All business areas at MTU should post organic growth again in 2022. The company expects the clearest recovery from the effects of the coronavirus crisis to be in the commercial maintenance business. Moreover, in the mid-term MTU assumes an upturn in all business areas.

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In the first nine months of 2021, MTU Aero Engines AG generated stable revenue and earnings. Revenue was €3,008 million, compared with €2,957 million in the first nine months of 2020. The operating profit was €307 million; in the prior-year period it was €311 million. The adjusted EBIT margin was 10.2% (1-9/2020: 10.5%). Net income was almost unchanged year-on-year at €220 million (1-9/2020: €219 million).

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In the first six months of 2021, MTU Aero Engines AG generated revenue of €2,004 million; in the first half of 2020, revenue was €2,049 million. The operating profit was €190 million (1-6/2020: €224 million) and the adjusted EBIT margin was 9.5% (1-6/2020: 10.9%). Net income developed in line with operating profit and was €135 million, compared with €161 million in the prior-year period. “MTU continued to operate profitably in the first half of this year. Based on this performance and the improved visibility up to year-end, we can now give a more precise guidance for the 2021 fiscal year,” said Reiner Winkler, CEO of MTU Aero Engines AG. “We are somewhat more optimistic than previously about the commercial series business and the military business, but have slightly reduced our forecast for commercial maintenance. Overall, we are slightly increasing the lower end of our target ranges for both revenue and earnings.”

 

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MTU Aero Engines AG has published its figures for the first quarter of 2021: Revenue was €989 million, compared with €1,273 million in the first quarter of 2020. The operating profit decreased from €182 million to €86 million. The adjusted EBIT margin was 8.7% (1-3/2020: 14.3%). Adjusted net income was €58 million, compared with €128 million in the prior-year period.

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At todays’ meeting, the Supervisory Board of MTU Aero Engines AG resolved to present a proposal for a dividend of €1.25 to the virtual Annual General Meeting on April 21, 2021. The Supervisory Board has therefore accepted the proposal made by the Executive Board (see press release of February 18, 2021).

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MTU Aero Engines AG has presented its preliminary figures for 2020: Revenue was €3,977 million, compared with €4,628 million in 2019. The operating profit was €416 million (2019: €757 million) and the EBIT margin was 10.5% (2019: 16.4%). Net income was €294 million in 2020, compared with €538 million in 2019.

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