Latest IR News

Latest IR News 2020

In the first quarter of 2020, MTU Aero Engines generated revenue of €1,272.7 million, an increase of 13% compared with the prior-year period (1-3/2019 €1,131.2 million). The operating profit declined by 3% from €187.6 million to €181.8 million due to the revenue mix. The adjusted EBIT margin was 14.3% (1-3/2019: 16.6%). Adjusted net income was €128.0 million, compared with €133.5 million in the prior-year period. 

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Following the current three-week suspension of operations, MTU Aero Engines is planning a gradual restart of operations at its German sites. Capacities will be increased according to demand and the situation in the supply chain. Extensive measures have been prepared to protect employees’ health.

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The executive board of MTU Aero Engines AG (the "Company") resolved today to withdraw the guidance for the financial year 2020. The Company’s decision is based on the assessment of market scenarios presently deemed likely, and on a catalogue of expenditure reduction measures. The previous guidance was published on February 20, 2020, already with the reservation to review it during the year due to the Corona pandemic.

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In the face of the coronavirus pandemic (COVID-19), MTU Aero Engines AG will temporarily suspend a large proportion of operations across several facilities in Europe. In doing so, the company is taking into account the interruptions in material supply that have begun. At the same time, it is doing its part to protect employees and contain the spread of the virus. In the areas that are required to stay operational, the company has enforced measures to protect its employees from infection.

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The Supervisory Board of MTU Aero Engines AG has extended the contracts of two of its Executive Board members – Peter Kameritsch, CFO and CIO, and Lars Wagner, COO – by five years through December 2025. The resolution was passed unanimously at today’s Supervisory Board meeting. “We are pleased to be able to continue our very good and successful working relationship with Peter Kameritsch and Lars Wagner,” said Klaus Eberhardt, Chairman of the Supervisory Board.

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MTU Aero Engines AG is postponing its Annual General Meeting due to the coronavirus crisis. It was decided today that it will not be held as scheduled on May 7, 2020. The decision was adopted at today’s Supervisory Board meeting. “No new date has yet been set due to the very unclear situation at present,” said CEO Reiner Winkler. “The Annual General Meeting will be held later within the legally prescribed period of eight months after the end of the fiscal year.” The company will announce the new date of the Annual General Meeting as soon as possible.

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MTU Aero Engines AG had another record year: revenue in 2019 reached a new high of €4,628.4 million (2018: €4,567.1 million). Operating profit came in at €756.9 million, surpassing the previous high of €671.4 million in 2018 by 13%. The EBIT margin rose from 14.7% to 16.4%. Net income increased by 12%, from €479.1 million to €537.6 million.

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At its Capital Market Day, MTU Aero Engines AG presented an initial outlook on its expected business development in 2020. In the upcoming financial year, the commercial business sectors – i.e. commercial new engine and spare parts business as well as commercial maintenance business – are predicted to be the main sources of growth. The military engine business is expected to remain stable. For 2020, MTU is anticipating an increase in operating profit in the high single-digit percentage range. The cash conversion rate – that is, the ratio of free cash flow to net income adjusted – is expected to be around 70 percent. In the longer term, MTU sees prospects for growth in all business segments. “This puts us on track to maintain our course of profitable growth going forward,” said Reiner Winkler, CEO of MTU Aero Engines AG.

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In the first nine months of 2019, MTU Aero Engines generated revenues of € 3,403.7 million, up 3 % on the previous year (1-9/2018 € 3,318.7 million). The group’s operating profit increased by 10 % from € 508.9 million to € 557.7 million. The EBIT margin rose from 15.3 % to 16.4 %. Net income increased by 8 % to € 391.7 million (1-9/2018: € 362.8 million).

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MTU Aero Engines AG ("MTU" or the "Company") announces that the reference share price in relation to the new convertible bonds (ISIN DE000A2YPE76) (the "New Convertible Bonds") and the partial repurchase of the outstanding convertible bonds due 2023 (ISIN DE000A2AAQB8) (the "Outstanding Convertible Bonds") has been set at EUR 244.1453 (being the average of the daily volume-weighted average prices of the no-par value ordinary registered shares of the Company (the "Ordinary Shares") on XETRA on 11, 12 and 13 September 2019).

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