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Dr Johannes Bussmann (55) is to become the new CEO of MTU Aero Engines AG. This was unanimously decided by the supervisory board of the DAX-listed company at an extraordinary meeting yesterday evening. The contract term will be for five years.

MTU Aero Engines is taking over the automation and measurement technology specialist 3D.aero from Hamburg. 3D.aero’s team of around 40 members specializes in sensor solutions in the fields of high-precision surface inspection and painting automation, as well as system engineering in aviation.

MTU Aero Engines AG expects further growth and improved earnings for 2025. Revenue between €8.3 and €8.5 billion is expected in 2025. Adjusted EBIT should increase in the low-to-mid teens percentage range. Adjusted net income is expected to rise in line with adjusted EBIT.

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.”