MTU Aero Engines slightly raises 2014 forecast in light of nine-month results

MTU Aero Engines revenue up 6% - financial highlights for nine months ended 30-Sep-2014:

• Revenue: EUR2812 million, +5.7% year-on-year;
• • OEM business: EUR1771 million, +8.2%;
  • • Commercial engine: EUR1403 million, +11.5%;
  • Commercial MRO business: EUR911.8 million, +1.0%;
• EBIT: EUR235.7 million, +4.9%;
• Net profit: EUR132.9 million, +6.2%;
• Total assets: EUR4493 million;
• Cash and cash equivalents: EUR148.3 million;
• Total liabilities: EUR3302 million. [more - original PR]

MTU Aero Engines: "The good nine-month results and the greater planning confidence for the remaining quarter allow us to reinstate the full-year revenue forecast of around EUR3,750 million that we issued at the beginning of the year," Reiner Winkler, CEO. Source: Company statement, 23-Oct-2014.