MTU Aero Engines reports double-digit profit growth, revenue and profit at highest level in 2012
Germany's MTU Aero Engines revenue up 15% - financial highlights for 12 months ended 31-Dec-2012:
- Revenue: EUR3379 million, +15.2% year-on-year;
- OEM: EUR2106 million, +14.1%;
- Commercial engines: EUR1603 million, +14.4%;
- Commercial MRO: EUR1306 million, +16.9%;
- Operating profit*: EUR374.3 million, +13.6%;
- Net profit*: EUR233.4 million, +18.1%;
- Order backlog: EUR11,480 million, +8.9%;
- OEM: EUR5640 million, +18.1%;
- Commercial MRO: EUR5839 million, +1.4%;
- 2013 forecast:
- Revenue: +10% to 12%;
- Adjusted EBIT: +10% to 12%;
- Adjusted net profit: +10% to 12%. [more - original PR]
*Calculated on a comparable basis
MTU Aero Engines: "In the commercial sector of our OEM business, we expect growing revenues from the new GEnx and GP7000 programs. We also anticipate further growth in deliveries of V2500 engines, with the full effect of our increased program stake in 2013," Reiner Winkler, CFO. Source: Company statement, 19-Feb-2013.
MTU Aero Engines: "The area of strongest growth in 2013 will probably be the commercial engine business, with an increase in revenues of 20 to 25% based on U.S. dollars. Spare parts sales, expressed in U.S. dollars, are likely to increase by around 15%. MTU expects revenue growth in the commercial maintenance segment, expressed in U.S. dollars, to lie within the high single-digit percentage range." Source: Company statement, 19-Feb-2013.