MTU Aero Engines has posted revenues of €2.24 billion, a rise of 4% when compared to the same period last year.
The company is now set to raise its outlook projecting an adjusted EBIT margin in the region of 16%. The original forecast had been 15.5%.
The group’s operating profit increased by 9% from €335 million to €365 million.
MTU recorded the highest revenue growth in the commercial engine business, where revenues increased by 13% from €687 million to € 773 million. The major part of these revenues was attributable to the V2500 engine for the A320 family and the PW1100G-JM for the A320neo.
“The increase in the earnings outlook mainly reflects two factors: One is that our MTU Maintenance Zhuhai site in China developed somewhat more positively than anticipat-ed. In addition, changes in the product mix also had a positive effect,” said Reiner Winkler, CEO of MTU Aero Engines AG.
At €18.5 billion, the order backlog again reached record levels at the end of June 2019. “The OEM and the MRO operating segments both contributed to this sus-tained strong result. This is also reflected in the composition of the order backlog, in which the V2500 and the Pratt & Whitney Geared Turbofan™ (GTF) engines play the key role,” added Winkler.