MTU Aero Engines AG

  • WKN: A0D9PT
  • ISIN: DE000A0D9PT0
  • Land: Deutschland

Nachricht vom 31.07.2020 | 11:31

MTU Aero Engines AG publishes new forecast for the 2020 fiscal year

MTU Aero Engines AG / Key word(s): Forecast
MTU Aero Engines AG publishes new forecast for the 2020 fiscal year

31-Jul-2020 / 11:31 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.



Disclosure of inside information in accordance with Article 17 of the Market Abuse Regulation (MAR)

MTU Aero Engines AG publishes new forecast for the 2020 fiscal year

Munich, Germany; July 31, 2020 - The Executive Board of MTU Aero Engines AG has published a new forecast for the 2020 fiscal year. "Our new outlook is based on the aircraft manufacturers' updated production rates and delivery schedules. The forecast also takes into account the latest estimates for the development of the aftermarket business, based on the expected development of air traffic volume," commented Reiner Winkler, CEO of MTU Aero Engines AG.

MTU expects to generate revenue of 4 to 4.4 billion euros in 2020. Revenue from commercial series production business is likely to drop organically by a percentage in the mid to high twenties, revenue from spare parts business by a percentage in the high twenties. "Our spare parts business has been hit the hardest by the crisis," said CFO Peter Kameritsch. "As far as series production business is concerned, we're seeing lower volumes above all in the area of Geared Turbofan(TM) engines, especially for the A320neo, and GEnx engines for the Boeing 787." Meanwhile MTU expects the percentage decline in revenue from commercial MRO business to be in the low-to-mid single digits. "Here, our work on the PW1100G-JM engine for the A320neo under the retrofit program should partially offset the organic decline in revenue in the core business. In addition, cargo airlines are likely to ensure capacity utilization," Kameritsch explained. Revenue from military business is projected to increase slightly. MTU anticipates an adjusted EBIT margin of between 9 and 10 percent for 2020. "Lower volumes and changes in the product mix will have a negative impact on the development of our margin," Winkler added. Adjusted net income should develop in line with adjusted EBIT. Furthermore, MTU has set itself the goal of closing the year with a positive free cash flow.

The new outlook is subject to the proviso that there will be no significant tightening of COVID-19-related restrictions that would have further negative effects on air traffic and MTU's supply chains.

In March, the company had retracted its original forecast of February 20, 2020, due to the unpredictable impact of the COVID-19 pandemic.

MTU Aero Engines AG will publish its mid-year results for 2020 on August 3.

Your contacts at MTU Aero Engines Investor Relations:

Thomas Franz
Vice President Investor Relations
Phone: + 49 (0) 89 14 89-47 87
Email: Investorrelations@mtu.de

Claudia Heinle Matthias Spies
Senior Manager Investor Relations Senior Manager Investor Relations
Phone: + 49 (0) 89 14 89-39 11 Phone: + 49 (0) 89 14 89-41 08


31-Jul-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

Event im Fokus

Termine 2021

10. Juni 2021:Fachkonferenz Immobilien

14./15. Juli 2021: Fachkonferenzen Beteiligungsgesellschaften & Consumer/Leisure

13./14. Oktober 2021: Fachkonferenzen Finanzdienstleistungen/Technologie

10./11. November 2021: Fachkonferenzen Software/IT & Branchenmix

„Je nach aktueller Covid-19 Situation und den bestehenden Vorschriften für Versammlungen entscheidet sich ca. 5 Wochen vor dem Termin, in welcher Form die Konferenzen stattfinden.“

GBC-Fokusbox

Kaufen: Vectron Systems AG legt verstärkt Fokus auf Digitalgeschäft

Nachdem die Vectron Systems AG bislang insbesondere Kassensysteme verkauft hat, wird nun das Digitalgeschäft stärker in den Fokus rücken. Damit sollen die wiederkehrenden Einnahmen und die Wertschöpfung je Kunde deutlich erhöht werden. Über Cloud-Module können die Kunden nun mehrere digitale Services, die sie sonst über viele Einzelverträge abdecken, direkt mit dem Erwerb der Vectron-Kassen über den Fachhandel dazubuchen. Wir haben die Vectron Systems AG im Rahmen eines DCF-Modells bewertet und ein Kursziel in Höhe von 21,15 € ermittelt und vergeben das Rating KAUFEN.

Aktueller Webcast

fashionette AG

Earnings Call Q1 2021

17. Juni 2021

Aktuelle Research-Studie

EQS Group AG

Original-Research: EQS Group AG (von GSC Research GmbH): Kaufen

18. Juni 2021