Latest news with #MTUAeroEngines
Reuters
10 hours ago
- Automotive
- Reuters
Germany's MTU lifts full-year outlook, gives long-term forecast
June 17 (Reuters) - German engine manufacturer MTU Aero Engines ( opens new tab said on Tuesday it expects revenues of between 8.6 billion and 8.8 billion euros ($10.18 billion) in 2025, citing high industry demand and a strong product mix for a raised outlook. In April, it forecast full-year adjusted revenue in a range of 8.3 billion euros and 8.5 billion euros. It also sees its adjusted operating profit increasing by a low to mid-twenties percentage range this year, compared with the earlier expected growth in a mid-teens percentage range. The firm, which makes the engine for the Eurofighter Typhoon, expects to reach revenue of between 13 billion and 14 billion euros in 2030, it added. ($1 = 0.8645 euros)
Yahoo
07-05-2025
- Business
- Yahoo
MTU Aero Engines AG (MTUAF) Q1 2025 Earnings Call Highlights: Strong Revenue Growth Amid Tariff ...
Q : Can you provide more details on the potential impact of tariffs and the mitigation measures MTU Aero Engines AG is considering? A : Lars Wagner, CEO, explained that the tariff situation is volatile, and MTU is assessing the impact on OEM and MRO operations. They are exploring countermeasures such as rerouting engine modules and revisiting shipments to avoid tariffs. Contract management is also being reviewed to determine if tariffs can be passed to customers. Wagner remains optimistic about finding a solution due to the industry's importance globally. The company faces potential headwinds from additional US tariffs, which could affect profitability despite mitigation efforts. US tariffs have caused confusion and uncertainty, with a potential mid- to high-digit million euro impact before mitigation. Adjusted EBIT increased by 38% to EUR300 million, with a strong margin of 14.3%, driven by a favorable business mix in commercial OEM. The company opened a second MRO shop in China, enhancing its capacity and positioning it as the largest MRO facility globally. MTU Aero Engines AG ( MTUAF ) reported a 25% increase in group revenues, reaching nearly EUR2.1 billion in the first quarter of 2025. For the complete transcript of the earnings call, please refer to the full earnings call transcript . Story continues Q: How did the OEM business perform in Q1, and what drove the margin improvement? A: Peter Kameritsch, CFO, stated that OEM revenues increased by 11% to EUR620 million, with a margin of 28.4%. The margin improvement was driven by a favorable business mix, including higher spare engine sales, which typically have better pricing. However, this margin level is not expected to be sustainable throughout the year as OE production ramps up. Q: What is the outlook for MTU's MRO segment, and how significant is the GTF engine's contribution? A: Kameritsch noted that MRO revenues increased by 33% to EUR1.5 billion, with the GTF engine contributing around 34% of MRO revenues. The MRO segment is expected to grow between 10% and 15% excluding GTF, while GTF itself is projected to grow between 20% and 25%. Q: Can you elaborate on the expansion with GE and its potential impact on MTU's business? A: Wagner highlighted that the expansion with GE, including MRO services for LEAP and GEnx engines, represents a multi-billion-dollar opportunity over the programs' lifetimes. This long-term investment is expected to enhance MTU's market position, with more details to be shared at the upcoming Capital Market Day. Q: How is MTU handling the increased R&D expenses, and what are the main drivers? A: Kameritsch explained that the R&D increase in Q1 was due to a one-time imbalance payment related to the GTF Advantage program. This payment reflects MTU's 18% program share and is not expected to recur in the following quarters. The ongoing R&D efforts are aligned with MTU's strategic goals and program commitments. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
01-05-2025
- Business
- Yahoo
MTU Aero Engines price target lowered to EUR 400 from EUR 430 at Jefferies
Jefferies lowered the firm's price target on MTU Aero Engines (MTUAY) to EUR 400 from EUR 430 and keeps a Buy rating on the shares. The company pre-released solid Q1 results but direct tariffs are a headwind, the analyst tells investors in a research note. The firm cut estimates on currency revisions and keeps MTU as its civil top pick. Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on MTUAY: Disclaimer & DisclosureReport an Issue MTU Aero Engines upgraded to Buy from Hold at Kepler Cheuvreux MTU Aero Engines price target lowered to EUR 375 from EUR 415 at JPMorgan RTX, MTU Aero Engines expand GTF overhaul capacity MTU Aero Engines price target lowered to EUR 355 from EUR 375 at Barclays Sign in to access your portfolio
Yahoo
20-02-2025
- Automotive
- Yahoo
MTU Aero Engines hikes 2025 outlook on stronger US dollar after sales beat
(Reuters) -German engine manufacturer MTU Aero Engines on Wednesday raised its guidance for 2025 based on a lower assumed exchange rate of the euro versus the U.S. dollar, as it topped market expectations for 2024 revenue. Stronger U.S. dollar benefits the Airbus and Boeing supplier as it books most of its orders in dollars. MTU, which also makes the engine for the Eurofighter Typhoon, forecast revenue of between 8.7 billion and 8.9 billion euros ($9.10 billion and $9.31 billion) for 2025, up from a previous range of 8.3 billion to 8.5 billion euros. It also expects its adjusted operating profit to grow in a mid-teens percentage range, compared with the earlier range of low to mid-teens. The company said the outlook was now based on an exchange rate of 1.05 euros to 1 dollar, instead of the previously assumed rate of 1.10. MTU reported an 18% rise in its annual adjusted revenue to 7.5 billion euros in 2024, beating analysts' average forecast of 7.4 billion euros in a company-provided consensus. It said all business areas should contribute to further revenue growth in 2025. ($1 = 0.9564 euros)
Reuters
19-02-2025
- Business
- Reuters
MTU Aero Engines hikes 2025 outlook on stronger US dollar
Feb 19 (Reuters) - German engine manufacturer MTU Aero Engines ( opens new tab raised its revenue guidance for 2025 on Wednesday, based on a lower assumed exchange rate of the euro versus the U.S. dollar. The Airbus ( opens new tab and Boeing (BA.N), opens new tab supplier expects its revenue to land between 8.7 billion and 8.9 billion euros ($9.10 billion and $9.31 billion) in 2025, up from a previous range of 8.3 billion to 8.5 billion euros. ($1 = 0.9564 euros)
