Germany · Delayed Price · Currency is EUR MTU Aero Engines AG Earnings Call Transcripts
Fiscal Year 2025
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Record 2025 results with revenue of EUR 8.7 billion and EBIT of EUR 1.35 billion, strong free cash flow, and a 64% dividend increase. 2026 guidance targets further growth, with robust order book, ongoing investments, and improved cash conversion, despite supply chain and FX headwinds.
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Record nine-month results with 19% revenue growth and 34% EBIT increase, driven by strong OEM and MRO segments. Guidance for EBIT and free cash flow was raised, with robust market demand and effective risk mitigation supporting a positive outlook.
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Revenues grew 21% to EUR 4.1 billion in H1 2025, with adjusted EBIT up 40% and strong order intake, prompting an upward revision of 2025 guidance. Supply chain and tariff risks remain, but robust demand and capacity investments support a positive outlook.
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Raised 2025 guidance with revenue of €8.6–8.8B, EBIT up low to mid-20%, and strong free cash flow. Long-term targets include €13–14B revenue and 14.5–15.5% EBIT margin by 2030, driven by robust growth in commercial, military, and MRO segments.
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Q1 2025 saw revenues rise 25% and adjusted EBIT up 38%, driven by strong OEM and MRO growth. Guidance for 2025 was revised down in euros due to FX, but EBIT and cash flow targets remain unchanged. U.S. tariffs pose a risk, but mitigation efforts are underway.
Fiscal Year 2024
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Record EBIT above EUR 1 billion and 18% revenue growth were achieved in 2024, with strong OEM and MRO performance and a robust outlook for 2025. Free cash flow was impacted by GTF Fleet Management Plan payments and supply chain volatility, but guidance targets improvement.
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2025 guidance projects strong revenue and EBIT growth across all segments, with continued supply chain challenges and significant GTF fleet management payments impacting cash flow. Strategic initiatives and investments continue, while a full long-term strategy update awaits CEO succession.
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Adjusted revenues rose 14% to EUR 5.3 billion and EBIT grew 25% to EUR 744 million, driven by strong MRO and OEM performance. EBIT guidance for 2024 was raised above EUR 1 billion, with robust demand, improved supply chain, and high-margin leasing supporting results.
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Strong H1 2024 results with 10% revenue growth, 16% EBIT increase, and robust demand in both commercial and military segments. Guidance for full-year revenue and margin is maintained, with higher profitability expected and continued supply chain challenges.