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MTU raises profit forecast: 2006 full-year EBITDA projected at € 290 million
Munich – MTU Aero Engines Holding AG in the first half year of 2006 enjoyed continued growth: sales rose 12% to € 1,148.5 million (1-6/05: € 1,025.7 million), the growth again being driven mostly by commercial maintenance, repair and overhaul (MRO). The company posted appreciable gains in earnings: EBITDA1 improved 39% to € 142.1 million (1-6/05: € 102.3 million). The profit surge was especially apparent in adjusted net income2, which MTU in the first six months of the year more than tripled, from € 17.5 million in the first half-year 2005 to € 55.4 million.