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MTU Aero Engines AG proposes increased dividend of € 2.85
Munich, February 26, 2019 – 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.
“We are thus continuing the trend of recent years and thanking our shareholders by making the highest dividend payment to date, following MTU’s renewed record results for the finan-cial year 2018,” Supervisory Board chairman Klaus Eberhardt said after the meeting. Reiner Winkler, CEO of MTU Aero Engines AG, added: “MTU is on track for sustained record perfor-mance levels in 2019. The dividend increase is our way of showing our shareholders that their continued trust in us is well placed.”
The dividend will be paid out to shareholders on April 16, 2019, after approval by the Annual General Meeting.
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. In fiscal 2018, the company had a workforce of some 10,000 employees and posted consolidated sales of approximately 4.6 billion euros.