Germany · Delayed Price · Currency is EUR MTU Aero Engines AG Earnings Call Transcripts
Fiscal Year 2026
-
Revenues grew 7% to EUR 2.2 billion and adjusted EBIT rose 6% to EUR 320 million, with strong free cash flow and a robust order book. Guidance for 2026 is reaffirmed, supported by resilient demand, strategic expansion into UAV propulsion, and ongoing MRO growth.
Fiscal Year 2025
-
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.
-
Revenues rose 19% to €6.3 billion and adjusted EBIT grew 34% to €995 million, with strong performance in both OEM and MRO segments. Upgraded guidance reflects robust demand, margin expansion, and effective risk mitigation, despite supply chain and currency headwinds.
-
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.
-
Management transition is underway, with new leadership integrating into a strategy focused on growth, innovation, and sustainability. Upgraded 2025 guidance and a strong 2030 outlook are driven by robust demand, technological advancements, and expanded MRO and leasing businesses.
-
Q1 2025 saw revenues rise 25% to EUR 2.1 billion, with strong EBIT and net income growth. MRO and OEM segments both delivered robust results, while guidance was revised for FX but confirmed for EBIT and cash flow. Tariffs and FX volatility remain key risks.
Fiscal Year 2024
-
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.
-
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.
-
Adjusted revenues rose 14% to €5.3 billion and EBIT climbed 25% to €744 million, driven by strong MRO and OEM performance. 2024 EBIT is now expected to exceed €1 billion, a year ahead of target, amid robust demand, improved supply chain, and favorable pricing.
-
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.