MTU Aero Engines has raised its earnings forecast for the current financial year with adjusted EBIT expected to exceed € 800 million. This forecast is in light of expectations regarding future business development.
The adjusted EBIT represents a slight year-on-year increase in the adjusted EBIT margin, compared to the previous guidance of a stable adjusted EBIT margin
As per the April announcement, MTU Aero Engines expects the free cash flow in 2023 to be above the 2022 level of € 326 million.
The company has kept the revenue guidance for 2023 at € 6.1 to 6.3 billion, with growth expectations for the segments largely unchanged.