IR-News Archive

IR News 2013

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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