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Key Figures

(m€) FY 2019 FY 2020 FY 2021 FY 2022 

FY 2023*

 FY 2024*
Revenues 4.628 3.977 4.188 5.330 6.326 7.488
EBIT adj. 757 416 468 655 818 1.050
EBIT adj.margin 16,4% 10,5% 11.2% 12.3% 12.9% 14.0%
Net Income adj. 538 294 342 476 594 764
Free Cashflow 358 105 240 326 352 183

* ) in 2023 Revenues and EBIT adjusted for GTF fleet management plan; reported revenues 5.363 m€ ; reported EBIT -161 m€ / in 2024 Revenues adjusted

Consolidated Income Statement

(m€) FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024
Revenues 4.628 3.977 4.188 5.330 5.363* 7.411*
Total Cost of Sales -3.697 -3.484 -3.601 -4.475 -5.245 -6.178
Gross Profit 931 492 586 855 118 1.233
Gross Profit Margin 20,1% 12,4% 14,0% 16,0% 2,2% 16,6%
R&D according to IFRS -66 -61 -83 -106 -114 -106
SG&A 203 -225 -216 -254 -250 -266
Other operating income (expense) -39 -14 -16 -50 -14 -21
P&L of companies accounted "at equity and at cost" 83 70 84 62 99 115
EBIT reported 706 262 355 508 -161 955
EBIT adj. 757 416 468 655 818 1.050
EBIT adj.margin 16,4% 10,5% 11,2% 12,3% 12,9% 14,0%
Financial Result -39 -67 -39 -45 -45 -60
Profit before tax (EBT) 667 195 315 463 -205 895
Taxes -178 -48 -84 -130 108 -253
Net Income reported 488 147 231 333 -97 642
Net Income adj. 538 294 342 476 594 764
EPS reported 9,23 2,63 4,17 6,21 -1,90 11.77
EPS adj. 10,38 5,56 6,41 8,91 10,96 14.04

* in 2023 revenues and EBIT adjusted for GTF fleet management plan

adjusted revenues 6.326 m€; adjusted EBIT 818 m€

reported revenues 5.363 m€; reported EBIT -161 m€

* in 2024 revenues adjusted 7.488 m€

Cash-Flow

(m€) FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024
Net Income IFRS 488 147 231 333 -97 642
Depreciation and amortization 260 352 358 356 332 408
Change in provisions 176 -112 -79 219 964 214
Change in Working Capital -142 -25 50 -293 -81 -621
Taxes 42 27 -22 54 -345 47
Interest, derivatives, others 8 -3 30 59 5 23
Cash Flow from operating activities 832 386 567 728 777 714
Cash Flow from investing activities -472 -245 -345 -400 -420 -603
Adjustments -2 -36 18 -2 -5 73
Free Cash Flow 358 105 240 326 352 183
Cash Flow from financing activities -324 504 -276 -224 -294 736
Cash and cash equivalents at  139 773 722 823 883 1.747

Balance Sheet

(m€) 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023 31/12/2024
Intangible Assets 1.163 1.135 1.128 1.151 1.200 1.313
Property, Plant, Equipment 1.101 1.161 1.251 1.384 1.501 1.767
other Non-current assets 1.892 1.733 1.664 1.611 1.904 1.911
Total Non-Current assets 4.155 4.030 4.043 4.146 4.604 4.911
Current assets 3.610 4.074 4.260 5.085 5.599 7.506
Total assets 7.765 8.104 8.304 9.230 10.204 12.497
Equity 2.421 2.635 2.760 3.107 2.933 3.438
Non-Current Liabilities 2.130 2.501 2.424 2.343 2.258 3.011
Current Liabilities 3.214 2.968 3.119 3.780 5.013 6.049
Total Equity and Liabilities 7.765 8.104 8.304 9.230 10.204 12.497
thereof Pension Provisions 976 1.009 948 707 743 724
Working Capital 1.510 1.535 1.401 1.901 1.908 2.750

Multi Year Summary of Key Figures

Download MTU Aero Engines AG multi-year summary (XLS)

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