MTU Aero Engines AG Reports Revenue and Earnings Growth After First Nine Months of 2019

 The EBIT margin rose from 15.3 percent to 16.4 percent. Net income increased by eight percent to € 391.7 million (1-9/2018: € 362.8 million).

“With this result, we are on track to achieve our targets for 2019 and therefore confirm our forecast for the year,” said Reiner Winkler, CEO of MTU Aero Engines. “2019 looks set to become another record-breaking financial year for MTU. We are thus continuing with the company’s positive and sustainable development, which was rewarded with a listing on the DAX in the past quarter.”

The area in which MTU recorded the highest revenue growth in the first nine months of 2019 was the commercial engine business, where revenues increased by 10 percent from € 1,037.0 million to € 1,137.8 million. The main source of these revenues was the V2500 engine for the classic A320 family as well as the PW1100G-JM for the A320neo and the GEnx engine that powers the Boeing 787 and 747-8.

Revenues in the military engine business increased by 7 percent to € 323.6 million (1-9/2018: € 303.1 million). The EJ200 Eurofighter engine was the main source of these revenues.

In the commercial maintenance business, revenues in the first nine months of 2019 remained at the previous year’s level at € 1,995.9 million (1-9/2018: € 2,019.7 million). “In terms of organic growth, revenue in the commercial MRO segment has increased by around eight percent,” added CFO Peter Kameritsch. This growth was driven mainly by the V2500 engine, followed by the CF34 family of regional and business jet engines.