MTU Aero Engines expects significant growth to continue in 2014

26-Nov-2013 MTU Aero Engines AG anticipates strong growth in its new engine business, based on higher delivery volumes in 2014. Revenues in this segment are expected to rise at a mid-teens percentage figure. According to forecasts, the spare parts business, which is much more profitable than the new engine business, will grow moderately in the mid-single-digit percentage range next year. Traditionally, earnings in the aircraft engine business are higher in later program life-cycle phases when the demand for maintenance, repair and overhaul services as well as for spare parts goes up. In the commercial engine maintenance business, MTU predicts an increase in revenues in the upper single-digit percentage range, while the company's military business will probably decline slightly. Research and development expenditure will essentially remain at this year's level. MTU announced these first forecasts for the year 2014 at its annual Investor and Analyst Day in London. As in previous years, MTU expects to present a comprehensive full-year guidance at its annual press conference scheduled for February 18, 2014.