Press release

| Revenue of between €8.6 and €8.8 billion expected in 2025
| Adjusted EBIT for 2025 set to increase in the low to mid-twenties percentage range 
| Free cash flow of between €300 and €350 million in 2025
| Positive outlook for 2030: revenue of between €13 and €14 billion, adjusted EBIT margin between 14.5 and 15.5%, cash conversion rate in the high double-digit percentage range

Paris, June 17, 2025 | MTU Aero Engines AG has raised its guidance for fiscal 2025 and provided an initial outlook for 2030. Revenue in fiscal 2025 is expected to be between €8.6 and €8.8 billion. Adjusted EBIT is set to increase in the low to mid-twenties percentage range. Free cash flow of between €300 and €350 million is anticipated for 2025. MTU had previously predicted revenue of €8.3 to €8.5 billion, an increase in adjusted EBIT in the mid-teens percentage range, and free cash flow of between €250 and €300 million. The forecast is still based on a U.S. dollar/euro exchange rate of 1.10.

“Our raised guidance reflects MTU’s strong market position. Demand in our industry is high, and we are reaping the benefits of that with our product mix in both the OEM business and commercial engine maintenance,” says Lars Wagner, CEO of MTU Aero Engines AG, at a capital market briefing during the Paris Air Show. “We have moved our strategic initiatives forward successfully with a clear focus on growth, operational excellence, innovation and sustainability. So MTU is extremely well positioned.”

MTU expects to increase its revenue to between €13 and €14 billion in 2030. The target for the adjusted EBIT margin in 2030 is between 14.5 and 15.5%. The cash conversion rate (the ratio of free cash flow to adjusted net income) is expected to reach a high double-digit percentage in 2030.

Further growth in all business areas

The upward revision of the guidance for fiscal 2025 is based on improved organic growth prospects in the spare parts business and commercial maintenance, as well as a more favorable revenue mix in the commercial OEM business. “On a U.S. dollar basis, we now expect organic revenue growth in the spare parts business to be in the low- to mid-teens percentage range. In commercial engine maintenance it is likely to increase in the mid- to high-teens percentage range,” explains outgoing MTU CFO Peter Kameritsch. “In the commercial series business, we still anticipate growth in the mid-teens percentage range. Encouragingly, the profitable leasing and spare parts businesses are likely to account for a higher share of revenue this year than previously expected.”

On a U.S. dollar basis, the company had previously assumed organic revenue growth in the low-teens percentage range in the spare parts business, and in the low- to mid-teens percentage range in commercial maintenance. MTU is leaving its revenue outlook for the military business unchanged, predicting an increase in the mid to high single-digit percentage range.

“We made the right strategic investment decisions for sustained growth in commercial maintenance by expanding our capacity and portfolio,” adds Chief Program Officer Michael Schreyögg. MTU recently secured MRO licenses for LEAP and GEnx engines, increased its leasing activities, and expanded its global network of sites, most recently in the USA and China.

MTU’s production operations stand to benefit from high demand, while ongoing supply-chain volatility poses challenges. “We are optimizing the opportunities afforded by our global production network and focusing on our close, longstanding partnerships with our suppliers,” says COO Dr. Silke Maurer. “We are contributing to MTU’s financial performance through consistent inventory and cost management in production.”

Where technology is concerned, MTU continues to focus on the evolutionary development of the Geared Turbofan while preparing for emission-free flying with revolutionary concepts such as the Fly-ing Fuel Cell™. “We are committed to reducing emissions ongoing, both with our products and at our global locations,” emphasizes Wagner. MTU had been aiming for a 60% reduction in its Scope 1 and 2 emissions by 2030 relative to 2019. By the end of last year, it had already reduced them by 40%. Having made such positive progress, the company has set itself a new and even more assertive target for 2035, to cut emissions by 60% relative to 2024. “We have raised the bar significantly again and intend to substantially reduce our emissions within ten years. 60% is an ambitious goal in terms of ecological sustainability and shows how seriously we take our environmental and social responsibility.” 

MTU also takes responsibility for European defense capabilities. Given current geopolitical tensions, the company’s military business is likely to take on even greater importance.  “With our stake in the New Generation Fighter Engine for the next generation of European fighter jets destined for the FCAS, and our joint venture for Europe’s next generation of military helicopters, we have the right solutions for the future,” says Schreyögg.

A strong foundation for future success

MTU is proactively supporting its ongoing growth trajectory through its UPLIFT transformation pro-gram, which sets the stage for the company’s growth plans and for meeting its ambitious 2030 tar-gets. The program focuses on standardizing, optimizing and digitalizing key business processes. This lays the foundation for greater scalability and paves the way for further international expansion. Wag-ner: “Our UPLIFT growth and transformation program is designed to take our efficiency, profitability and innovative capability to the next level – today for tomorrow.”

The performance outlook through 2030 is positive across all business units. MTU anticipates annual percentage revenue growth in the mid to high single-digits in the commercial series business, high single-digits to low-teens in the spare parts business, and mid to high single-digits in the military business. 

“Overall, we are aiming for an adjusted EBIT margin of 28 to 30% for the OEM business in 2030,” says Katja Garcia Vila, MTU’s incoming Chief Financial Officer. “In commercial maintenance, the adjusted EBIT margin in 2030 is expected to be between 8.5 and 9.5%.” In this segment, MTU anticipates annual percentage revenue growth in the low teens through 2030. Garcia Vila: “The process of ramping up our sites and expanding our portfolio is limiting the margin potential in MRO. In OEM, the profitable aftermarket business is likely to outpace series production by 2030, which will boost the margin.”

Outlook for 2025

Outlook for 2030

MTU’s forecasts are based on a U.S. dollar/euro exchange rate of 1.10.

Cautionary note regarding forward-looking statements
Certain of the statements contained herein may be statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such statements due to, without limitation, competition from other countries in MTU Aero Engines’ industry and MTU Aero Engines’ ability to retain or increase its market share, the cyclicality of the airline industry, risks relating to MTU Aero Engines’ participation in consortia and risk and revenue sharing agreements for new aero engine programs, risks associated with the capital markets, currency exchange rate fluctuations, regulations affecting MTU Aero Engines’ business and MTU Aero Engines’ ability to respond to changes in the regulatory environment, and other factors. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences. MTU Aero Engines assumes no obligation to update any forward-looking statement.