MTU Aero Engines EBIT up 25% in 1H2015, raises full year forecast

MTU Aero Engines revenue up 21% - financial highlights

• Revenue: EUR2202 million, +21% year-on-year;
• • OEM business: EUR1467 million, +17%;
  • • Commercial engine business: EUR1252 million, +21%;
  • Commercial maintenance: EUR754.2 million, +32%;
• Operating profit: EUR212.8 million, +25%;
• • OEM: EUR139.2 million, +14%;
  • Commercial maintenance: EUR73.5 million, +53%;
• Net profit: EUR147.2 million, +33%. [more - original PR]

MTU Aero Engines: "The modified outlook reflects the positive impact on earnings of the U.S. dollar exchange rate and lower R&D expenses. Our forecast takes into account the extended maintenance intervals for the V2500 engine and postponements in the military sector, which will reduce our 2015 earnings expectation but will later increase our earnings potential. As a further consequence of these changes, we have also slightly adjusted the revenue expectations for our various business units," Reiner Winkler, CEO. Source: Company statement, 22-Jul-2015.