Latest IR News

Latest IR News 2019

At its Capital Market Day, MTU Aero Engines AG presented an initial outlook on its expected business development in 2020. In the upcoming financial year, the commercial business sectors – i.e. commercial new engine and spare parts business as well as commercial maintenance business – are predicted to be the main sources of growth. The military engine business is expected to remain stable. For 2020, MTU is anticipating an increase in operating profit in the high single-digit percentage range. The cash conversion rate – that is, the ratio of free cash flow to net income adjusted – is expected to be around 70 percent. In the longer term, MTU sees prospects for growth in all business segments. “This puts us on track to maintain our course of profitable growth going forward,” said Reiner Winkler, CEO of MTU Aero Engines AG.

Read more

In the first nine months of 2019, MTU Aero Engines generated revenues of € 3,403.7 million, up 3 % on the previous year (1-9/2018 € 3,318.7 million). The group’s operating profit increased by 10 % from € 508.9 million to € 557.7 million. The EBIT margin rose from 15.3 % to 16.4 %. Net income increased by 8 % to € 391.7 million (1-9/2018: € 362.8 million).

Read more

MTU Aero Engines AG ("MTU" or the "Company") announces that the reference share price in relation to the new convertible bonds (ISIN DE000A2YPE76) (the "New Convertible Bonds") and the partial repurchase of the outstanding convertible bonds due 2023 (ISIN DE000A2AAQB8) (the "Outstanding Convertible Bonds") has been set at EUR 244.1453 (being the average of the daily volume-weighted average prices of the no-par value ordinary registered shares of the Company (the "Ordinary Shares") on XETRA on 11, 12 and 13 September 2019).

Read more

MTU Aero Engines AG ("MTU" or the "Company"), successfully repurchased outstanding senior, unsecured convertible bonds due 2023, ISIN DE000A2AAQB8, (the "Outstanding Convertible Bonds") in connection with the invitation to sell (the "Invitation to Sell") announced on 10 September 2019. At the close of the reverse bookbuilding process, the Company has agreed to purchase Outstanding Convertible Bonds representing EUR 275 million in aggregate principal amount (approximately 55% of the outstanding principal amount).

Read more

MTU Maintenance Zhuhai announces that it now has the capability to maintain CFM International LEAP engines. The General Support License Agreement (GSLA) signed between China Southern, MTU Maintenance Zhuhai’s 50/50 joint venture partner alongside MTU Aero Engines, and CFM International will enable the facility to maintain, repair and overhaul LEAP-1A and -1B engines. The first quick turn LEAP-1B engine was inducted today. Alongside the newly introduced capabilities, MTU Maintenance Zhuhai is also celebrating groundbreaking on its 50 percent expansion today, taking it to a capacity of 450 shop visits by 2021.

Read more

MTU Aero Engines AG ("MTU" or the "Company") announces the successful placement of new senior, unsecured convertible bonds maturing in March 2027 with an aggregate principal amount of EUR 500 million, divided into 5,000 convertible bonds with a denomination of EUR 100,000 each ("New Convertible Bonds"). The New Convertible Bonds are convertible into new and/or existing ordinary registered shares of the Company ("Ordinary Shares"). The shareholders' subscription rights have been excluded.

Read more

The executive board of MTU Aero Engines AG (the "Company"), with the approval of the Company's supervisory board, resolved today on the concurrent launch of the following transactions:

  • The offering of senior, unsecured convertible bonds in an aggregate principal amount of EUR 500 million, maturing in March 2027 (the "New Convertible Bonds")
  • The invitation to holders of the outstanding senior, unsecured convertible bonds due 2023 with an outstanding aggregate nominal amount of EUR 500 million, ISIN DE000A2AAQB8 (the "Outstanding Convertible Bonds") to submit offers to sell for cash up to EUR 275 million in aggregate principal amount of Outstanding Convertible Bonds via a modified Dutch auction procedure (the "Invitation to Sell")
Read more

Following a recommendation made by the Working Committee for Equity Indices, Deutsche Börse today decided to admit MTU Aero Engines AG to the DAX, Germany’s primary stock index, effective September 23, 2019.

Read more

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 %).

Read more

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.

Read more