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MTU Aero Engines improves earnings and continues its profitable growth
Munich, March 13, 2008 – MTU Aero Engines Holding AG is striving for further profitable growth in 2008. Revenues are expected to remain at the previous year’s level, which corresponds to a growth rate of approximately 6% after adjustments for the effect of the U.S. dollar exchange rate. MTU anticipates that adjusted EBITDA1 in 2008 will remain close to the previous year’s level of €390 million, despite a significant increase in research and development and the effects of the U.S. dollar exchange rate. MTU expects to generate a net income for the year in the region of €180 million, which represents an increase of almost 20%. This forecast was published by MTU on Thursday, March 13, 2008 at its annual results press conference.