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CEO Lars Wagner and CFO Peter Kameritsch will present the guidance for 2025 during a capital market update call on November 29, 2024. The originally planned Capital Market Day will be postponed to next year in light of the announced CEO change.

The CEO of MTU Aero Engines AG, Lars Wagner, has today informed the Chairman of the Supervisory Board that he will not be available for a further term of office beyond his mandate, which runs until 31 December 2025. Mr. Wagner will pursue new professional opportunities outside the company.

MTU Aero Engines AG increased its adjusted revenue and earnings figures across the board in the first nine months of 2024. Adjusted revenue grew by 14% from €4.6 billion to €5.3 billion. The adjusted operating profit rose by 25% to €744 million (1-9/2023: €597 million), and the adjusted EBIT margin increased from 12.8% to 14.0%. Adjusted net income rose to €541 million, an increase of 23% (1-9/2023: €438 million).

Based on preliminary figures for the first nine months of 2024, MTU Aero Engines AG is raising its earnings guidance for the financial year 2024: the company is forecasting an adjusted EBIT of slightly over one billion euros. Until now, MTU expected an adjusted EBIT of between 0.95 and 0.98 billion euros. This adjustment is based on strong development in all business areas in a continually challenging market environment.

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MTU Aero Engines AG grew adjusted revenue  by 10% from €3.1 billion to €3.4 billion in the first half of 2024. Adjusted EBIT rose 16% to €470 million (1-6/2023: €405 million) and the adjusted EBIT margin increased from 13.0% to 13.7%. Adjusted net income was 14% higher at €342 million, compared with €300 million in the first half of 2023.

This year's Farnborough Airshow was a resounding success for MTU Aero Engines: The company benefits from around 800 million U.S. dollars in orders placed at the air show. Pratt & Whitney’s GTF engine family, in particular engines powering the A320neo, and the GE9X for the Boeing 777X proved particularly popular. “The high order value demonstrates once again that aviation is a growing market and MTU participates in the right, future-oriented engine programs,” says Lars Wagner, CEO of MTU Aero Engines AG. “We are well represented in both the narrowbody and widebody segments.”

MTU Aero Engines AG generated adjusted revenue of €1.67 billion in the first quarter of 2024, an increase of 8% compared with the first quarter of 2023 (1-3/2023: €1.54 billion). Adjusted EBIT was €218 million, compared with €212 million in the prior-year period. The adjusted EBIT margin was 13.0% (1-3/2023: 13.7%). Adjusted net income was €158 million, which was in line with the previous year (1-3/2023: €157 million).

MTU Aero Engines AG has successfully placed a €300 million promissory note (Schuldschein). “We are delighted by the strong interest shown by investors. The offer was two-and-a-half times oversubscribed,” reports CFO Peter Kameritsch. In view of the high demand, the original issue volume was increased from €200 million to €300 million. The promissory note is divided into two tranches: €161 million with a tenor of three years and €139 million with a tenor of five years.

MTU Aero Engines AG has published its preliminary figures for 2023. The figures were affected, in particular, by the Geared Turbofan fleet management plan, which has been eliminated as a one-time special item to enhance comparability. In 2023, MTU generated adjusted revenue of €6.3 billion, an increase of 19% compared with 2022 (2022: €5.3 billion). Adjusted EBIT increased by 25% from €655 million to €818 million in 2023. The adjusted EBIT margin rose from 12.3% in 2022 to 12.9% in 2023. Adjusted net income was 25% higher at €594 million (2022: €476 million). The Geared Turbofan fleet management plan had an impact of around €1 billion on the reported figures. Consequently, in 2023 MTU generated reported revenue of €5.4 billion, reported EBIT of €-161 million and a reported net loss of €97 million.