MTU Aero Engines AG Increases 2024 Earnings Forecast

MTU Aero Engines AG has revised its earnings guidance for 2024, based on preliminary figures from the first nine months. The company now anticipates an adjusted EBIT slightly surpassing one billion euros, an increase from the previous expectation of between 0.95 and 0.98 billion euros. This adjustment is due to robust developments across all business segments despite a challenging market environment.

Preliminary figures indicate adjusted revenue of 5.29 billion euros for the first nine months of 2024. The OEM business segment contributed 1.79 billion euros, while the commercial maintenance business provided 3.58 billion euros. Adjusted EBIT reached 744 million euros by September 2024, with an EBIT margin of 14.0%.

Revenue and free cash flow forecasts remain unchanged. The company continues to project revenue between 7.3 and 7.5 billion euros, with free cash flow expected to be in the low triple-digit million euro range. Detailed financial figures will be released on October 24, 2024.