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MTU Aero Engines reports continued solid growth in the first quarter of 2006
Munich – MTU Aero Engines Holding AG in the first quarter of 2006 posted appreciable sales and profit gains, continuing the healthy trend of fiscal 2005. In the process, sales in the first three months of 2006 rose 10.8%, to € 564.8 million (1-3/05: € 509.7 million). Concurrently, operating profit1 grew 21.1%, to € 66.6 million (1-3/05: € 55.0 million). The sharp jump in profit registered more clearly even after taxes, with MTU more than doubling adjusted net income2 from € 11.2 million in the same quarter a year ago to € 25.7 million in the first three months of 2006.