Interesting movements in 2013
6th February 2013
MTU Aero Engines has raised its guidance for fiscal year 2025 and provided an initial outlook for 2030.
The company expects revenues of around €8.6 to €8.8bn this year, as well as an adjusted EBIT increase in the low- to mid-high 20s. Additionally, free cash flow is expected to be between €300 and €350 million this year.
MTU had previously predicted revenue of €8.3 to €8.5 billion, an increase in adjusted EBIT in the mid-teens percentage range, and free cash flow of between €250 and €300 million. The forecast is still based on a U.S. dollar to euro exchange rate of 1.10.
“Our raised guidance reflects MTU’s strong market position. Demand in our industry is high, and we are reaping the benefits of that with our product mix in both the OEM business and commercial engine maintenance,” says Lars Wagner, CEO of MTU Aero Engines. “We have moved our strategic initiatives forward successfully with a clear focus on growth, operational excellence, innovation and sustainability. So MTU is extremely well positioned.”
MTU expects to increase its revenue to between €13 and €14bn in 2030. The target for the adjusted EBIT margin in 2030 is between 14.5% and 15.5%. The cash conversion rate is expected to reach a high double-digit percentage in 2030.