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MTU Aero Engines continues its growth course with good nine-month figures
Munich – MTU Aero Engines Holding AG continues to be on a growth track. In the first nine months of 2005 the company increased its sales as compared with the prior year period by 12 %, from 1,384.3 million € to 1,545.6 million €. The operating profit (EBITDA - earnings before interest, taxes, depreciation and amortization) saw an above-average increase by 35 %, from 123.5 million € to 166.6 million €. Cash flow from operating activities increased 215 %, from 95.2 million € as of September 2004 to 300.0 million € as of September 2005. “Also in the third quarter of 2005, MTU Aero Engines has continued its positive upward trend with strong growth in earnings. The targets which we had set ourselves for the first nine months of this year were achieved and even bettered,” states Udo Stark, President and CEO of MTU Aero Engines Holding AG.