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MTU Aero Engines improves operating results and raises profit forecast for 2007
Munich, July 25, 2007 – MTU Aero Engines Holding AG achieved 8% growth to the end of June 2007, as expected. Revenues increased from €1,170.0 million (1-6/06) to €1,260.6 million (1-6/07) during this period. The group expects to sustain this same growth rate through to the end of the year. MTU’s earnings improved at an above-average rate: Adjusted EBITDA1 amounted to €181.0 million at June 30, 2007, thus exceeding the equivalent figure for the first 6 months of 2006 (1-6/06: €146.3 million) by 24%. Similarly positive results were reported for adjusted net income2, which increased by 10% from €55.5 million to €61.0 million. And this despite the fact that adjusted net income for the first six months of 2007 includes a non-recurring charge for the early redemption premium in connection with the high-yield bond. Excluding this exceptional charge, the increase would have amounted to 31%.