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At its Capital Market Day in London, MTU Aero Engines AG published its forecast for the 2023 fiscal year and confirmed its growth prospects for 2024 and 2025. The company is anticipating organic growth in all business areas in 2023. The parameters are also intact for a sustained positive development in the following years.

MTU Aero Engines AG has published its figures for the first nine months of 2022: The company grew revenue by 27% to €3.82 billion (1-9/2021: €3.01 billion). The operating profit increased by 46% from €307 million to €448 million. The adjusted EBIT margin was 11.7% at the end of the first nine months (1-9/2021: 10.2%). Net income developed in line with adjusted EBIT, rising 45% to €319 million (1-9/2021: €220 million).

Dr. Silke Maurer (49) is taking over responsibility for the OEM Operations division at MTU Aero Engines AG as Chief Operating Officer (COO). At an extraordinary meeting on September 28, 2022, the MTU’s Supervisory Board appointed her to the company's Executive Board for a three-year term of office starting on February 1, 2023. OEM Operations covers most of the role of the present Chief Operating Officer, Lars Wagner, who will become CEO on January 1, 2023. He will remain responsible for Technology & Engineering and Sustainability in the future.

MTU Aero Engines AG grew revenue by 23% to €2.47 billion in the first half of 2022 (1-6/2021: €2.00 billion). The operating profit increased by 53% from €190 million to €290 million. The adjusted EBIT margin rose from 9.5% in the first half of 2021 to 11.7% in the first half of 2022. Net income developed in line with operating profit, rising 53% to €207 million compared with €135 million in the prior-year period.

The Farnborough International Airshow really paid off for MTU Aero Engines. Germany’s leading engine manufacturer brought in orders totaling to nearly 600 million US dollars. “This amount underscores once again how much our industry is recovering. Airlines have great demand for state-of-the-art aircraft with propulsion systems with good fuel efficiency,” says Reiner Winkler, CEO of MTU Aero Engines AG.

MTU Aero Engines is reaffirming its commitment to social responsibility and has entrusted Lars Wagner, Chief Operating Officer of MTU Aero Engines AG, with the role of Chief Sustainability Officer (CSO) in addition to his current responsibilities. Wagner is already responsible for important sustainability issues such as climate protection in development and production or supplier management. MTU has now bundled the responsibilities for other aspects of corporate responsibility management (CR management) and anchored them at the board level. In this way, MTU underscores the growing relevance of responsible action for the company.

Reiner Winkler (60), CEO of MTU Aero Engines AG, will terminate his mandate for personal reasons at year-end 2022, in agreement with the Supervisory Board. This has been jointly determined in today’s Supervisory Board meeting. “After more than twenty years in the management board of MTU, I now see the time has come to pass on my responsibilities. The company’s expected new growth phase and the excellent succession plan at the top of both the Supervisory and the Management Board appear to be a very suitable point in time. I am extremely thankful that I was allowed to help shape the successful development of MTU over such a long period of time.”

MTU Aero Engines AG generated revenue of €1,180 million in the first quarter of 2022. That was 19% more than in the prior-year period (1-3/2021: €989 million). The operating profit was 52% higher at €131 million (1-3/2021: €86 million). The adjusted EBIT margin was 11.1%, compared with 8.7% in the first quarter of 2021. Net income rose by 60% from €58 million to €93 million.

At its meeting today, the Supervisory Board of MTU Aero Engines AG agreed with the Executive Board’s dividend proposal (see press release of February 16, 2022): For fiscal year 2021, the Executive Board and the Supervisory Board plan to propose a dividend of €2.10 per share to be voted on at the virtual Annual General Meeting on May 5, 2022.

MTU Aero Engines AG has published its preliminary figures for 2021: Revenue rose 5% from €3,977 million to €4,188 million. The operating profit was 13% higher at €468 million (2020: €416 million). The adjusted EBIT margin was 11.2%, compared with 10.5% in 2020. Net income climbed to €342 million in 2021 (2020: €294 million).

Gordon Riske (64), CEO of KION GROUP AG, Frankfurt am Main, is to become the new Chairman of the Supervisory Board of MTU Aero Engines AG. In its meeting on December 14, 2021, the Supervisory Board of MTU unanimously resolved to propose Riske as a new member of the Supervisory Board at the Annual General Meeting on May 5, 2022. If the Annual General Meeting adopts this proposal, Riske is subsequently to be elected Chairman of the Supervisory Board.

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.

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).

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.”

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.

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).

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.

MTU Maintenance Zhuhai, a joint venture between MTU Aero Engines and China Southern Airline Company limited, announces plans to establish a second facility in the neighboring Jinwan district. The facility is to be called MTU Maintenance Zhuhai Co., Ltd. Jinwan Branch, will have an initial annual capacity of 250 shop visits and expects to enter operations in 2024. The purchase of a 150,000 square meter plot of land has been agreed with local government and the project will now enter the detailed planning and construction stages.

At its virtual Capital Market Day, MTU Aero Engines AG provided an initial outlook for 2021. The company expects the clearest recovery from the effects of the coronavirus crisis to be in the commercial maintenance business. The spare parts and military business should also pick up. In 2021, commercial series business is expected to remain at the 2020 level. “All market analyses indicate that aviation will remain a growth business in the long term,” said Reiner Winkler, CEO of MTU Aero Engines AG. “We see the coming years as a restart phase in which we will use our technological leadership, innovative strength and flexibility to extend our good starting position, so that we can derive above-average benefit from the growth of the sector from 2024.” MTU will be able to capitalize on its future-oriented product portfolio, diversified customer base and solid financial structure. Winkler: “We will continue to focus on organic growth in the future.”

In the first nine months 2020, MTU Aero Engines AG generated revenue of €2,956.6 million (1-9/2019 €3,403.7 million). The operating profit was €310.8 million, compared with €557.7 million in the prior-year period. The EBIT margin was 10.5% (1-9/2019: 16.4%). In line with adjusted EBIT, adjusted net income dropped from €391.7 million to €219.2 million.

In the first six months of 2020, MTU Aero Engines AG generated revenue of €2,048.8 million; in the first half of 2019 revenue was €2,243.0 million. Operating profit was €224.2 million, compared with €365.2 million in the prior-year period. The EBIT margin was 10.9% in the first six months of 2020 (1-6/2019: 16.3%). Net income declined from €261.0 million to €161.3 million. “The figures reflect the first effects of the coronavirus pandemic,” said Reiner Winkler, CEO of MTU Aero Engines AG.

The Executive Board of MTU Aero Engines AG has published a new forecast for the 2020 fiscal year. “Our new outlook is based on the aircraft manufacturers’ updated production rates and delivery schedules. The forecast also takes into account the latest estimates for the development of the aftermarket business, based on the expected development of air traffic volume,” commented Reiner Winkler, CEO of MTU Aero Engines AG.

The Supervisory Board of MTU Aero Engines AG has extended the contract for Chief Program Officer Michael Schreyögg for a further five years until the end of June 2026.

Due to the impact of the coronavirus pandemic on international aviation, MTU Aero Engines AG plans to adjust its personnel capacities. By the end of 2021, the company aims to reduce capacity at its German and international locations by a total of around 10 to 15 percent.

MTU Aero Engines AG successfully placed a bond in the aggregate principal amount of € 500 million in the capital markets. The bond has a five-year term, expiring on 1 July 2025, and a coupon of 3.0 % per annum. The proceeds of the new issue will be used for general corporate purposes including refinancing of existing financial liabilities.

In the first quarter of 2020, MTU Aero Engines generated revenue of €1,272.7 million, an increase of 13% compared with the prior-year period (1-3/2019 €1,131.2 million). The operating profit declined by 3% from €187.6 million to €181.8 million due to the revenue mix. The adjusted EBIT margin was 14.3% (1-3/2019: 16.6%). Adjusted net income was €128.0 million, compared with €133.5 million in the prior-year period. 

Following the current three-week suspension of operations, MTU Aero Engines is planning a gradual restart of operations at its German sites. Capacities will be increased according to demand and the situation in the supply chain. Extensive measures have been prepared to protect employees’ health.

The executive board of MTU Aero Engines AG (the "Company") resolved today to withdraw the guidance for the financial year 2020. The Company’s decision is based on the assessment of market scenarios presently deemed likely, and on a catalogue of expenditure reduction measures. The previous guidance was published on February 20, 2020, already with the reservation to review it during the year due to the Corona pandemic.

In the face of the coronavirus pandemic (COVID-19), MTU Aero Engines AG will temporarily suspend a large proportion of operations across several facilities in Europe. In doing so, the company is taking into account the interruptions in material supply that have begun. At the same time, it is doing its part to protect employees and contain the spread of the virus. In the areas that are required to stay operational, the company has enforced measures to protect its employees from infection.

The Supervisory Board of MTU Aero Engines AG has extended the contracts of two of its Executive Board members – Peter Kameritsch, CFO and CIO, and Lars Wagner, COO – by five years through December 2025. The resolution was passed unanimously at today’s Supervisory Board meeting. “We are pleased to be able to continue our very good and successful working relationship with Peter Kameritsch and Lars Wagner,” said Klaus Eberhardt, Chairman of the Supervisory Board.

MTU Aero Engines AG is postponing its Annual General Meeting due to the coronavirus crisis. It was decided today that it will not be held as scheduled on May 7, 2020. The decision was adopted at today’s Supervisory Board meeting. “No new date has yet been set due to the very unclear situation at present,” said CEO Reiner Winkler. “The Annual General Meeting will be held later within the legally prescribed period of eight months after the end of the fiscal year.” The company will announce the new date of the Annual General Meeting as soon as possible.

MTU Aero Engines AG had another record year: revenue in 2019 reached a new high of €4,628.4 million (2018: €4,567.1 million). Operating profit came in at €756.9 million, surpassing the previous high of €671.4 million in 2018 by 13%. The EBIT margin rose from 14.7% to 16.4%. Net income increased by 12%, from €479.1 million to €537.6 million.

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.

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).

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).

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).

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.

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.

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")

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.

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 %).

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.

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.

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.

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.

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.

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. 

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.

At its Capital Market Day, MTU Aero Engines AG presented its outlook for the group’s short- and long-term growth. The commercial series production and spare parts revenues are expected to be the main sources of growth in 2019. In a turnaround from previous years, the military engine business is predicted to take off again. MTU expects its adjusted EBIT margin to remain stable. In the short and long term, the prospects for growth in all business units are better than originally assumed. Net income is forecast to rise steadily between now and 2025, accompanied by further improvements in free cash flow.

MTU Maintenance Zhuhai signed a number of agreements at the Zhuhai Airshow in China this morning. The first was a five-year agreement with longstanding customer Hainan Airlines for V2500 MRO services. Hainan Airlines and MTU Maintenance Zhuhai have worked together on CFM56 engines for well over ten years and are now expanding their cooperation to include the V2500 engines powering the airline’s A320 fleet.

MTU Aero Engines AG and China Southern Air Holding Company Limited have extended their joint venture contract for its joint engine MRO facility, MTU Maintenance Zhuhai, by 20 years to 2051.

In the first nine months of 2018, MTU Aero Engines generated revenues of € 3,318.7 million, up 14% on the previous year (1-9/2017: € 2,900.8 million). The group’s operating profit increased by 16% from € 439.9 million to € 508.9 million. The EBIT margin stood at 15.3% (1-9/2017: 15.2%). Earnings after tax rose by 16% to € 362.8 million (1-9/2017: € 312.8 million). 

MTU Aero Engines AG’s Supervisory Board has extended the contract of CEO Reiner Winkler (57) by five years until September 30, 2024. The decision was made by a unanimous vote at the Supervisory Board’s meeting on October 24, 2018.

MTU Maintenance, the global leader in customized solutions for aero engines, signed a five-year V2500 contract with Asiana Airlines today. The contract covers the maintenance, repair and overhaul of 40 percent and engine trend monitoring for all of Asiana Airline and its subsidiaries’ V2500 fleet. The deal is worth around 245 million euros.

MTU Aero Engines generated revenues of € 2,148.6 million in the first six months of 2018, up 9 % on the previous year (1-6/17: € 1,977.0 million). The group’s operating profit increased by 13 % from € 296.3 million to € 334.6 million, resulting in an EBIT margin increase from 15.0 % to 15.6 %. Earnings after tax also increased by 13 % to € 237.0 million (1-6/17: € 210.1 million).

This year’s Farnborough International Airshow proved a major success for MTU Aero Engines. Germany’s leading engine manufacturer secured orders worth around 800 million euros (according to list price), in particular with orders and memorandums of understanding (MoUs) for the PW1000G- geared turbofan (GTF) engine family for single-aisle aircraft.

MTU Aero Engines AG generated revenues of €1,016.4 million in the first quarter of 2018, an increase of 5% compared with the same period of the previous year (1-3/2017: €971.9 million). The group’s operating profit rose by 11% from €157.9 million to €175.1 million, pushing up the EBIT margin from 16.2% to 17.2%. Earnings after tax increased in line with operating profit, growing by 10% from €111.7 million in the first quarter of 2017 to €123.3 million. MTU applied the international financial reporting standard IFRS 15 for the first time in its financial statements for the first quarter of 2018.

The Supervisory Board of MTU Aero Engines AG today accepted the Executive Board’s proposal to raise the company’s dividend to €2.30 per share. This proposal, which represents an increase of 40 euro cents, or 21%, compared with the previous year’s dividend, will be presented to the voting members of the Annual General Meeting on April 11, 2018.

MTU Aero Engines AG once again set new records in the financial year 2017. Revenues increased by 6 % from € 4,732.7 million in 2016 to a new high of € 5,036.3 million. Operating profit reached a new record level of € 606.6 million, beating the previous year’s result by 21 % (2016: € 503.0 million). Earnings after tax surpassed the previous record of € 345.4 million, set in 2016, growing by 24 % to € 429.1 million.

At its Investor and Analyst Day 2017, MTU Aero Engines AG provided a concrete outlook for the period to 2025. 2017 marks the end of the company’s most substantial investment phase, from which it emerged with an increased adjusted EBIT margin. In 2018, MTU will move into a consolidation phase during which the company expects a continuing rise in earnings and substantially higher free cash flows. Between now and 2025, the company aims to boost its average cash conversion rate into the high double digits through the combined effect of a moderate increase in working capital and a decrease in the cash flow from investing activities. The cash conversion rate measures the proportion of net income converted into free cash flow.

Lufthansa Technik and MTU Aero Engines have set up a joint venture for the maintenance, repair and overhaul (MRO) of geared turbofan engines, with each of the partners holding a stake of 50 percent in the new company. The name of the new JV is Engine Maintenance Europe, or EME Aero for short. The contract, which followed up on an agreement on the general principles of the cooperation signed in February 2017, was finalized by the two companies on December 4.

In the first nine months of 2017, MTU Aero Engines AG saw its revenues increase by 10% to €3,745.4 million (1-9/2016: €3,401.3 million). The group’s operating profit increased by 14% from €393.8 million to €450.6 million, improving the EBIT margin from 11.6% to 12.0%. Earnings after tax rose by 17% to €320.4 million (1-9/2016: €273.4 million).

MTU Aero Engines’ Executive Board will be reorganized, with the number of members increasing from three to four. This has been decided by the company’s Supervisory Board at its meeting on October 24. Effective January 1, 2018, Peter Kameritsch (48) has been appointed Chief Financial Officer and Chief Information Officer for a term of three years. Lars Wagner (42) will become the new Chief Operating Officer, also for a term of three years. Dr. Rainer Martens (56), who currently holds the position of Chief Operating Officer, will resign from his office by year’s end at his own request.

MTU Aero Engines AG generated revenues of €2,548.0 million in the first six months of 2017, up 11% on the previous year (1-6/16: €2,299.2 million). The group’s operating profit¹ increased by 26% from €254.1 million to €320.8 million, resulting in an EBIT margin of 12.6% (1-6/16: 11.1%). Earnings after tax² increased by 29% from €176.1 million to €227.5 million.

MTU Aero Engines AG saw its revenues increase by 15% to €1,261.3 million in the first quarter of 2017 (1-3/2016: €1,097.9 million). The group’s operating profit improved by 20% from €131.3 million to €157.0 million, pushing the EBIT margin up from 12.0% to 12.4%. Earnings after tax rose in line with operating profit, increasing by 21% to €111.0 million (1-3/2016: €91.5 million).

The Supervisory Board of MTU Aero Engines AG today accepted the Executive Board’s proposal to raise the company’s dividend to €1.90 per share. This proposal, which represents an increase of 20 euro cents or 12% compared with the previous year’s dividend, will be presented to the voting members of the Annual General Meeting on May 4, 2017.

Munich, February 23, 2017 – MTU Aero Engines AG once again set new records in the financial year 2016. Revenues increased by 7% to a new high of €4,732.7 million (2015: €4,435.3 million). Operating profit¹ reached €503.0 million, beating the previous year’s record by 14% (2015: €440.3 million). Earnings after tax² surpassed the previous record of €306.9 million, set in 2015, growing by 13% to €345.4 million.

Berlin, February 21, 2017 - Lufthansa Technik and MTU Aero Engines are planning to set up a joint venture company for the maintenance, repair and overhaul (MRO) of geared turbofan (GTF) engines, with each of the partners holding a 50-percent stake. An agreement to this effect was signed by the two companies in Berlin on February 20, after the feasibility of such a joint venture had been examined over the past few months. Subject to different approvals (e.g. by the relevant antitrust authorities) both parties act on the assumption of the joint venture foundation within the second half of 2017.

Munich / Rzeszów, December 14, 2016 – At its Investor and Analyst Day, MTU Aero Engines AG presented its current market position in detail. In a positive market environment, the company has seized every opportunity to generate sustained, organic growth during the largest investment phase in its history, securing an excellent position in every segment of the engine market – for business and regional jets as well as for short-haul, medium-haul and long-haul aircraft. This ensures MTU’s access to growth markets while at the same time helping to spread risk.

In the first nine months of 2016, MTU Aero Engines AG saw its revenues increase by 4% to €3,401.3 million (1-9/2015: €3,257.0 million). The group’s operating profit increased by 18% to €393.8 million (1-9/2015: €333.1 million), improving the EBIT margin from 10.2% to 11.6%. Earnings after tax increased by 18% to €273.4 million (1-9/2015: €231.4 million).

MTU Maintenance, the world’s largest independent provider for aero engine solutions, has signed an exclusive 10-year agreement with Canadian carrier Sky Regional Airlines for the maintenance, repair and overhaul (MRO) of the airline’s CF34-8E engines for its Embraer E175 fleet.

Lufthansa Technik and MTU Aero Engines are looking into options to jointly provide maintenance, repair and overhaul (MRO) services for the PW1000G family of geared turbofan engines. The two companies have signed a memorandum of understanding to explore the possibility of establishing an MRO joint venture at a globally competitive location. First decisions will be made by the end of the year.

MTU Aero Engines AG generated revenues of €2,299.2 million in the first six months of 2016, an increase of 4% (1-6/15: €2,202.0 million). The group’s operating profit improved by 19% to €254.1 million (1-6/15: €212.8 million), raising the EBIT margin for the six-month period from 9.7% to 11.1%. Earnings after tax increased by 20% to €176.1 million (1-6/15: €147.2 million), in line with operating profit.

This year’s Farnborough International Airshow was a big success for MTU Aero Engines: Germany’s leading engine manufacturer racked up orders worth around one billion euros (approx. 1,1 billion U.S. dollars), with the PW1000G family of geared turbofan (GTF) engines doing particularly well.

Munich, April 28, 2016—In the first quarter of 2016, MTU Aero Engines AG generated revenues of €1,097.9 million (1-3/15: €1,099.5 million). The group’s operating profit¹ was up 34% to €131.3 million (1-3/15: €97.7 million). The EBIT margin was 12.0%, or 3.1 percentage points higher than for the same period in the previous year. Earnings after tax² increased in line with operating profit by 34% to €91.5 million (1-3/15: €68.2 million).

Ludwigsfelde, April 26, 2016 - MTU Maintenance, one of the world’s leading providers of maintenance services for commercial engines and industrial gas turbines (IGTs), has extended its contract with Norwegian oil and gas company Statoil for its  General Electric LM industrial gas turbines. The seven-year agreement valued at more than 200 million U.S. dollars. Under the deal, MTU Maintenance will be responsible for the maintenance, repair and overhaul (MRO) for parts of the largest commercial LM IGT fleet in the world,  which is operated offshore on Statoil’s oil platforms.

Munich, March 1, 2016 – The Supervisory Board and the Executive Board of MTU Aero Engines AG will propose a dividend payment of €1.70 per share at the Annual General Meeting on April 14, 2016. This is equivalent to an increase of 25 euro cents or 17% compared with the previous year’s dividend.

Munich, February 16, 2016 – MTU Aero Engines AG closed the financial year 2015 with new records. Revenues reached a new high of €4,435.3 million (2014: €3,913.9 million) while the group’s operating profit1 climbed to €440.3 million (2014: €382.7 million), an increase of 15%. Earnings after tax2 beat the previous all-time record set in 2014, rising by 21% from €253.3 million to €306.9 million.

Munich, January 20, 2016 – After 12 months of flight testing, the first A320neo powered by geared turbofan (GTF) engines to enter revenue service was handed over to the customer today. European aircraft manufacturer Airbus delivered the first of the single-aisle jets incorporating the eco-efficient propulsion technology to Lufthansa. The PurePower® PW1100G-JM geared turbofan engine has been developed and built jointly by Pratt & Whitney, MTU Aero Engines and Japanese Aero Engines Corporation (JAEC). Delivery of the aircraft to Germany’s flag carrier marks an historic day for MTU; for with its high-tech engine technology, the company has played a role in bringing next-generation aviation technology to the market. Germany’s leading engine manufacturer makes a substantial contribution to the GTF engine program, supplying highly engineered components and taking on responsibility for final assembly and maintenance work.

Munich / London, November 25, 2015 – On the occasion of the company’s annual Investor & Analyst Day, MTU Aero Engines AG has issued a more precise forecast for the next ten years to 2025. The group intends to maintain its growth trajectory and achieve further improvements in profitability. In the medium to long term, adjusted EBIT is expected to increase at a faster rate than revenues, with a corresponding increase in adjusted net income. These projections are based on MTU’s existing business plans, which foresee an investment phase lasting until 2017 followed by a consolidation phase from 2018 onward. They reflect the expected development of revenues in the individual operating segments.

Munich, October 23, 2015 - MTU Aero Engines will have a stake in the LM6000-PF+ (PF+), the latest version of General Electric’s (GE) LM6000 aeroderivative gas turbine series. Germany’s leading engine manufacturer has taken a 13-percent work share as a risk- and revenue-sharing partner in the development and production of this industrial gas turbine, which is derived from the CF6 aircraft engine. The PF+ offers higher gas turbine output (52-58 megawatts) and combined-cycle efficiency (56 percent) than other products in its class.. For MTU, the stake in the program translates into expected revenues of around one billion euros over the entire lifecycle of the program.

Munich, July 23, 2015—MTU Aero Engines AG saw its first-half-year revenues rise by 21% to €2,202.0 million in 2015 (1-6/14: €1,815.8 million). The group’s operating profit¹ grew by 25% to €212.8 million (1-6/14: €170.7 million), while the EBIT margin increased from 9.4% to 9.7%. Earnings after tax² climbed 33% to €147.2 million (1-6/14: €111.0 million).

Munich, June 19, 2015 – This year’s International Paris Air Show was a major success for MTU Aero Engines: Germany’s leading engine manufacturer has announced orders valued at more than 800 million euros, with the PW1000G family of geared turbofan engines doing particularly well.

Munich, April 28, 2015—In the first quarter of 2015, MTU Aero Engines AG increased its revenues by 20% to €1.099,5 billion (1-3/14: €913.0 million). The group’s operating profit rose by 10% to €97.7 million (1-3/14: €89.0 million). The EBIT margin amounted to 8.9%, compared with 9.7% for the same period in the previous year, and earnings after tax increased by 22% to €68.2 million (1-3/14: €56.0 million).

In view of the company’s record results in the financial year 2014, the Supervisory Board and Executive Board of MTU Aero Engines AG will propose to the Annual General Meeting that the dividend be increased to €1.45 per share.

Munich, February 12, 2015 – MTU Aero Engines AG has once again beaten its previous records. In the financial year 2014, revenues grew by 10% to a new all-time high of €3,913.9 million (2013: €3,574.1 million). MTU’s operating profit¹ rose from €377.4 million in 2013 to €382.7 million. Earnings after tax² amounted to €253.3 million (2013: €238.6 million), the highest-ever in the company’s 80-year history.

Munich, December 12, 2014 – Dr. Stefan Weingartner (53), Member of the Executive Board of MTU Aero Engines AG and President MTU Maintenance, will leave the company on his own request in order to take on a new professional challenge. Against this background, the Supervisory Board of MTU Aero Engines AG has decided in its meeting today to reduce the Management Board to three Members. The tasks of Weingartner – who will accompany and support the change process – will be transferred to the other Board functions. The responsibility for the locations of MTU Maintenance will be combined in the leadership of Dr. Rainer Martens (53) as Chief Operating Officer. Sales and Marketing of MTU Maintenance will be integrated in the Board function of Programs headed by Michael Schreyoegg (48). The new structure will become effective at the beginning of 2015.

Munich, November 25, 2014 – At this year’s Investor & Analyst Day, MTU Aero Engines AG presented its business outlook for the next decade to 2024. The group aims to remain on its growth trajectory while at the same time continuing to improve its profitability. It plans to increase its adjusted EBIT margin and its free cash flow in the medium to long term. This goal is based on the expected development of revenues in its operating segments. As of 2018, MTU expects to see substantial growth in revenues from its most profitable activities, namely spare parts sales and maintenance. From this point onward, revenues from the less profitable series production business are likely to increase only slightly, and the military engine business will probably decline.

Munich, November 14, 2014 - MTU Aero Engines has concluded a strategic agreement with U.S. engine manufacturer GE Aviation on the maintenance, repair and overhaul (MRO) of the GEnx turbine center frame (TCF). The contract makes MTU the provider of MRO services for GEnx TCFs within the GE Aviation network. The GEnx powers the Boeing 787 Dreamliner and is the sole engine for the Boeing 747-8. The agreement covers the engine’s entire life cycle and is expected to be worth more than 3 billion euros in sales for Germany’s leading engine manufacturer.

Munich, October 23, 2014 – In the first nine months of 2014, MTU Aero Engines AG’s revenues grew by 6% to €2,811.6 million (1-9/2013: €2,659.6 million). The group generated an operating profit¹ of €270.9 million (1-9/2013: €267.8 million) and its EBIT margin came to 9.6% (1-9/2013: 10.1 %). Net income² increased by 5% to €178.3 million (1-9/2013: €169.1 million).

Munich, 14th October, 2014 – Today it has been announced that the PurePower® PW800 engines are the power behind the new Gulfstream G500 and G600 business jets. The rollout took place at Gulfstream Aerospace Corp.’s Georgia headquarters. MTU Aero Engines has a 15 percent workshare in Pratt & Whitney Canada’s (P&WC) PurePower PW800 engine program. Germany’s leading engine manufacturer has design responsibility for the engines’ low-pressure turbine and the front high-pressure compressor and is also manufacturing these modules.

In the first six months of 2014, MTU Aero Engines AG achieved a revenue growth of 2% to €1,815.8 million (1-6/2013: €1,774.9 million). Operating profit remained stable at €170.7 million (1-6/2013: €169.7 million), with an EBIT margin of 9.4% compared with 9.6% in the first half of 2013. Net income increased by 4% to €111.0 million (1-6/2013: €106.7 million).

For MTU Aero Engines, this year’s Farnborough International Airshow was a big success: Germany’s leading engine manufacturer has announced around 1.3 billion euros in orders, with new business being at the same level as at the last Farnborough Airshow. “This high total order value shows once again that the new programs in which we took stakes hold great prospects for the future,” says MTU CEO Reiner Winkler.

MTU Aero Engines AG will be taking a four-percent work-share in General Electric’s GE9X program. Germany’s leading engine manufacturer will be manufacturing and assuming design responsibility for the engine’s turbine center frame. Taken over the life of the program, the workshare will be worth around four billion euros in revenue for MTU.

The results reported by MTU Aero Engines AG for the first quarter 2014 are in line with the previous year. Group revenues remained stable at €913.0 million (1-3/13: €906.0 million). MTU’s operating profit in the first three months of 2014 amounted to €89.0 million (1-3/13: €88.3 million), resulting in an unchanged EBIT margin of 9.7%. Earnings after tax also reached the previous year’s level, and amounted to €56.0 million (1-3/13: €55.5 million).

At today’s meeting of the Supervisory Board of MTU Aero Engines AG, its members voted in favor of accepting the Executive Board’s proposal concerning the dividend payment for the financial year 2013. Consequently, at the Annual General Meeting on May 8, 2014, the Executive Board and Supervisory Board will jointly propose a dividend payment of €1.35 per share

In the first nine months of 2013, MTU Aero Engines AG recorded a 13% rise in revenues to € 2,778.1 million (1-9/2012: € 2,468.0 million). The company generated an operating profit of € 270.5 million (1-9/2012: € 278.0 million) with an operating margin of 9.7% (1-9/2012: 11.3%). Net income amounted to € 166.3 million after € 173.1 million in the equivalent period last year.

In the first nine months of 2013, MTU Aero Engines AG recorded a 13% rise in revenues to € 2,778.1 million (1-9/2012: € 2,468.0 million). The company generated an operating profit of € 270.5 million (1-9/2012: € 278.0 million) with an operating margin of 9.7% (1-9/2012: 11.3%). Net income amounted to € 166.3 million after € 173.1 million in the equivalent period last year.

MTU Aero Engines AG’s Supervisory Board today unanimously voted to extend the contract with Chief Financial Officer Reiner Winkler. The new, five-year contract will run from October 1, 2014 through September 30, 2019. On January 1, 2014, Winkler will take over the helm of MTU Aero Engines AG as its new Chief Executive Officer, a role he will serve in addition to his duties as CFO.

MTU Maintenance, the world’s largest independent maintenance provider for commercial aircraft engines, and Japan-based Sumitomo Corporation, one of the largest trading companies worldwide, have created two new joint venture companies to jointly expand their business with the leasing of commercial aircraft engines. MTU Maintenance Lease Services B.V., an 80:20 joint venture between MTU Maintenance and Sumitomo Corporation, is based in Amsterdam, The Netherlands and will provide airlines, MROs and lessors with short- and medium-term lease solutions. Sumisho Aero Engine Lease B.V., a 90:10 joint venture between Sumitomo Corporation and MTU Aero Engines, the parent company of MTU Maintenance and Germany’s leading engine manufacturer, will focus on long-term lease solutions for its customers. The company is also based in Amsterdam. The joint ventures are still subject to the approval of the applicable competition authorities.

MTU Aero Engines AG increased its revenues by 19 % to € 1,852.2 million in the first six months of 2013 (1-6/2012: € 1,559.0 million). Operating profit for the period came to € 171.7 million (1-6/2012: € 175.8 million), which corresponds to an EBIT margin of 9.3 % (1-6/2012: 11.3 %). The group’s net income amounted to € 105.1 million, compared with € 109.7 million in the first six months of 2012.

MTU Aero Engines has achieved numerous new contracts at this year’s Paris Air Show. Germany’s leading engine manufacturer records orders worth more than 1.3 billion US dollars (around 1 billion euros) at the event in Le Bourget. Over three-fourths of the more than 1,300 engines ordered are of the PW1000G family, which offer a lower fuel burn and are very quiet. “This is an impressive proof that the eco-efficiency of flying is increasingly becoming a major priority, and that the geared turbofan engine has firmly established itself as the new propulsion concept in the marketplace,” commented MTU CEO Egon Behle.

MTU Aero Engines Holding AG started the financial year 2013 with a 35 % surge in revenues, which amounted to € 944.7 million in the first quarter 2013, compared with € 698.0 million in the first quarter 2012. The group generated an operating profit of € 89.3 million (1-3/12: € 91.4 million), which corresponds to an EBIT margin of 9.5 %. Earnings after tax mounted to € 54.5 million, compared with € 56.9 million in the first three months of 2012.

Today, the Supervisory Board of MTU Aero Engines Holding AG has appointed the current Chief Financial Officer Reiner Winkler (51) to become Chief Executive Officer (CEO), effective January 1, 2014. He succeeds Egon Behle (57), who is no longer available for a contract extension.

At a meeting held earlier today, MTU Aero Engines Holding AG’s Supervisory Board and Board of Management agreed the dividend proposal for fiscal 2012 to be submitted for approval at the Annual General Meeting on May 3, 2013. Their proposal is to set the dividend at 1.35 € per share.

2012 was the most successful financial year in the history of MTU Aero Engines Holding AG, as the company announced during the presentation of its provisional financial statements at the annual results press conference on Tuesday, February 19, 2013. MTU’s revenues reached the record level of € 3,378.6 million (2011: € 2,932.1 million), thus exceeding the company’s forecast of € 3.3 billion.

MTU Maintenance, the world’s leading independent maintenance provider, is proud to announce that it has signed a new contract with the Brazilian carrier GOL Linhas Aéreas Inteligentes for engine overhaul and on-wing support services of its CFMI CFM56-7B engines. The exclusive contract has a duration of five years and is valued at 440 million US dollars.