MUNICH (MTU) – The stock of MTU Aero Engines Holding AG (stock symbol MTX) will be included in the midcap MDAX index as of Monday, September 19, 2005. This follows from a Monday, September 5, 2005, decision of the Deutsche Börse, the German stock exchange operator.
Inclusion in the index reflects the promising development MTU has enjoyed since its initial public offering on June 6, 2005. Very nearly 36 million shares were placed at the €21.00 emission price. As of August 31, 2005, the MTU stock ranked 16th in trading volume and 32nd in the market capitalization of the MDAX equities.
The first six months of this year, MTU increased its sales 14% compared to the same period last year, to €1.026 billion. Its operating profit (EBITDA - earnings before interest, taxes, depreciation and amortisation and extraordinary items) grew 50%, to €102 million. Its first-half 2005 operating cashflow was €233 million.
With its roughly 6,800 employees, MTU Aero Engines is Germany's leading engine manufacturer. It cooperates closely with the world's major engine manufacturers. In the military arena, it is Germany's industrial lead company in the engine programs pursued by the country's armed forces and has major roles in European engine programs. MTU is the world's largest independent maintenance service provider for commercial aero engines.
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