MTU Aero Engines net income up 17.0% in FY2011

MTU Aero Engines revenue up 4% - financial highlights for 12 months ended 31-Dec-2011:

• Revenue: EUR2,932 million, +8.3% year-on-year;
  
  • OEM: EUR1,846 million, +11.0%;
  • Commercial engines: EUR1,401 million, +19.0%;
  • Commercial MRO: EUR1,116 million, +4.0%;
• Adjusted EBIT: EUR328 million, +5.6%;
  
  • OEM: EUR237.9 million, +2.9%;
  • Commercial MRO: EUR93.1 million, +19.1%;
• Net income: EUR196.6 million, +17.0%;
• Total orders: EUR10,537 million, +8.6% when compared to period ended 31-Dec-2011;
  
  • OEM: EUR4,777 million, +10.3% when compared to period ended 31-Dec-2011;
  • Commercial MRO revenue: EUR5,761 million, +7.3% when compared to period ended 31-Dec-2011;
• FY2012 forecast:
  
  • Revenue: EUR 2,932 million, increase in the mid single-digit percentage range;
  • Adjusted EBIT: EUR328 million. [more - original PR]

MTU Aero Engines: "MTU is well positioned in both the OEM and commercial maintenance business, in some cases through its own local companies. MTU looks set to profit from the positive market trend in 2012, and is expecting growth in revenues in the mid single-digit percentage range. The commercial engine business is likely to be the biggest driver in this, delivering growth of around 10 % in U.S. dollar terms.." Company statement. Source: MTI Aero Engines, 23-Feb-2012.