MTU Maintenance Zhuhai introduces sustainable aviation fuel (SAF) testing to its portfolio and carries out first test with launch customer China Southern Airlines Limited (CSN). A V2500 engine from IAE International Aero Engines AG (IAE) was successfully tested with a 10 percent SAF blend following a full overhaul shop visit.
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 Maintenance celebrates a historic milestone: the global leader in customized maintenance, repair and overhaul (MRO) services for aero engines has completed 25,000 shop visits network-wide.
EME Aero, a 50/50 joint venture between MTU Aero Engines and Lufthansa Technik, celebrates five years of maintenance repair and overhaul operations for the Pratt & Whitney Geared Turbofan (GTF) engine family today. Since inducting the first engine on 12 December 2019, the facility has already completed well over 500 shop visits on PW1100G-JM, PW1500G and PW1900G engines.
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. MTU anticipates free cash flow in the low triple-digit million euro range in 2025.
Today, the CEO of MTU Aero Engines AG, Lars Wagner (49), informed the Supervisory Board of his decision not to extend his contract, which is set to conclude on December 31, 2025. He will take on a new professional role outside of the company starting 2026. The Chairman of the Supervisory Board, Gordon Riske, has accepted his decision with great regret.
MTU Maintenance Lease Services B.V. (MLS) strengthens its logistics network with the launch of a warehouse for engine spare parts at the MTU Maintenance Dallas facility in Fort Worth. This addition aims to increase availability of new and serviceable engine parts for maintenance customers as well as dispatch speed.
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).
Publication of inside information pursuant to Article 17 MAR
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 challeng-ing market environment.