Latest IR News

27.07.2010 | Positive first-half-year business results – MTU Aero Engines lifts forecast

MTU Aero Engines Holding AG has posted successful results for the first six months of 2010, with revenues amounting to € 1,348.8 million, compared with first-half-year revenues of € 1,376.0 million in 2009. Operating profit has improved by 5% to € 144.1 million (1-6/09: € 137.1 million). At 10.7%, the EBIT margin is 0.7 percentage points higher than the figure for the equivalent period one year earlier. Net income increased by 9% from € 55.7 million in the first six months of 2009 to € 60.6 million. The net income figure reflects the lower financial result attributable to currency translation differences at the reporting date.

26.07.2010 | MTU Maintenance adds GE90-110B and -115B engines to its portfolio

MTU Maintenance Hannover has expanded its repair capabilities by including GE’s GE90-110B and -115B engines in its portfolio. Dr. Stefan Weingartner, President and CEO Commercial Maintenance at MTU Aero Engines, said: "With the addition of these propulsion systems for wide-body aircraft, which are sold successfully across the globe, we are broadening our Hannover-based facility's range of products and services."

22.07.2010 | Farnborough International Airshow: MTU benefits from V2500 orders

This year's international airshow in Farnborough near London opened with excellent news for the entire aviation industry. A number of profitable deals were announced on the very first trade days of the event in Great Britain. MTU Aero Engines, too, will benefit from numerous orders coming in: The three carriers China Southern Airlines, Yemen Airways (Yemenia) and Vietnam Airlines have selected the V2500 to power their A320-family aircraft, with some of the contracts including long-term aftermarket services agreements. Germany's leading engine manufacturer has an approximate 11-percent stake in the IAE engine. Counting in the engine maintenance business, its share in the new orders is worth the equivalent of about 120 million euros in sales.

20.04.2010 | MTU Aero Engines reaffirms forecast

MTU Aero Engines Holding AG generated revenues of € 640.2 million in the first quarter of 2010 (1-3/09: € 693.1 million). The Group’s operating profit amounted to € 68.8 million at the end of March 2010, compared with a first-quarter result of € 75.2 million in 2009. The EBIT margin has remained stable at 10.7 % (1-3/09: 10.8 %). MTU’s net income for the three-month period improved by 5 % from € 31.0 million in 2009 to € 32.6 million in 2010.

09.03.2010 | MTU Aero Engines to benefit from Republic Airways’ contract for CSeries Aircraft

New contract win for the Pratt & Whitney PurePower® PW1000G Engine: Republic Airways has signed a purchase agreement with Bombardier Aerospace for 40 CSeries aircraft with options on up to 40 additional aircraft. The twin-engined airliner is exclusively powered by the Pratt & Whitney PurePower PW1000G engine. MTU Aero Engines is a major stakeholder in this innovative, next-generation propulsion system. The overall contract covers more than 160 engines, if all options are exercised. For Germany's leading engine manufacturer it could translate into sales of over 200 million euros at list price.

24.02.2010 | MTU Aero Engines: Business results for 2009 fully in line with forecasts

MTU Aero Engines Holding AG has fully met its business forecasts for the financial year 2009. This was announced at the company’s annual press conference on February 24, 2010. MTU reported revenues of € 2,610.8 million (2008: € 2,724.3 million), in line with the targeted level of around € 2.6 billion. MTU generated an operating profit (EBIT adjusted) of € 292.3 million (2008: € 331.0 million), which is slightly higher than the upwardly revised forecast of approximately € 290 million. Net income amounted to € 141.0 million, compared with a targeted € 140 million for 2009 and a reported result of € 179.7 million in 2008. MTU significantly exceeded its free cash flow forecast: at year-end, free cash flow stood at € 120.2 million (2008: € 123.6 million), or 20% higher than the guidance of € 100 million.

08.02.2010 | Singapore Airshow a success: MTU Aero Engines benefits from V2500 business

For MTU Aero Engines, the 2010 Singapore Airshow proved a profitable event: Just a few days before the event officially opened, Germany's leading engine manufacturer had already benefited from a major V2500 engine order placed with International Aero Engines (IAE); now the engine consortium has announced more contracts it received over the course of the trade show. For MTU, which holds an 11-percent share in IAE, these deals translate into sales worth about 65 million euros.

28.01.2010 | Big V2500 order from Jetstar translates into a 270-million-euro sales volume for MTU Aero Engines

Just a few days before the Singapore Airshow (February 2 to 7, 2010) opens its doors, MTU Aero Engines received a major order, which will be worth about 270 million euros. The German engine manufacturer benefits from an agreement concluded by Australian Jetstar Airways with International Aero Engines (IAE) for the purchase of V2500 engines and after-sales services. The total value of the deal with the airline, a wholly-owned subsidiary of Qantas Airways, will be around 2.5 billion euros. Since MTU has a stake of approximately 11 percent in the V2500 program, its share in the business will be some 270 million euros.