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MTU Aero Engines joins the DAX index
Munich, September 4, 2019 – 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.
“Having been included in the MDAX for 14 straight years now, we are delighted to have been chosen to join the ranks of Germany’s Top 30 publicly listed companies,” said Reiner Winkler, MTU Aero Engines AG CEO. “This again is testimony to MTU’s successful development over the past few years and to the attractiveness of our stock to investors. For us, having made it into the DAX is an encouragement that spurs us on to continue our profitable growth strategy also in the future.”
As of September 4, 2019, 99 percent of MTU’s shares were in free float. MTU has a market capitalization of approximately 13.1 billion euros.
MTU Aero Engines AG has been listed on the Deutsche Börse Prime Standard since June 6, 2005 and was admitted to the MDAX mid-cap index on September 19, 2005. The share price has increased far more than tenfold since MTU’s initial public offering, when it sold its stock at an issue price of 21 euros a share. In the past, MTU has succeeded in containing the impact of economic and industry crises and posted record profits even during the biggest investment phase in its corporate history. As things stand, 2019 will mark another record-breaking year for MTU.
About MTU Aero Engines
MTU Aero Engines AG is Germany’s leading engine manufacturer. The company is a technological leader in low-pressure turbines, high-pressure compressors, turbine center frames as well as manufacturing processes and repair techniques. In the commercial OEM business, the company plays a key role in the development, manufacturing and marketing of high-tech components together with international partners. Some 30 percent of today’s active aircraft in service worldwide have MTU components on board. In the commercial maintenance sector the company ranks among the top 5 service providers for commercial aircraft engines and industrial gas turbines. The activities are combined under the roof of MTU Maintenance. In the military arena, MTU Aero Engines is Germany’s industrial lead company for practically all engines operated by the country’s military. MTU operates a network of locations around the globe; Munich is home to its corporate headquarters.