Profit falls for Germany's MTU Aero Engines in first quarter [Yahoo! Finance]
MTU AERO ENGINES UNSP/ADR (MTUAY)
NASDAQ:AMEX Investor Relations:
mtu.de/investor-relations
Company Research
Source: Yahoo! Finance
MTU Aero Engines reported net income of €126 million ($135 million) in the first quarter of 2024, down from €134 million in the prior year. Earnings per basic share was €2.35 down from €2.47 in the previous year. Adjusted net income was €158 million compared to €157 million in the previous year. Adjusted revenue was €1.67 billion in the first quarter of 2024, an increase of 8% from the first quarter of 2023. MTU confirmed its guidance for fiscal year 2024. The company aims to report revenue of between €7.3 billion and €7.5 billion in 2024. All business areas should contribute to the revenue growth. MTU predicts that the adjusted earnings before interest and taxes (EBIT) margin will be over 12% in 2024. Adjusted net income is expected to grow in line with adjusted EBIT. The company confirmed the guidance for 2025. The company said its target remains its simple formula 8-1-25. It wants to generate revenue of €8 billion and an operating profit of €1 billion in 2025.
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News
- Here's Why We're Wary Of Buying MTU Aero Engines' (ETR:MTX) For Its Upcoming Dividend [Yahoo! Finance]Yahoo! Finance
- MTU Aero Engines AG reports Q1 results [Seeking Alpha]Seeking Alpha
- MTU Aero Engines' Q1 profit rises on Eurofighter orders despite turbofan woes [Reuters]Reuters
- MTU Aero Engines (ETR:MTX) Is Paying Out Less In Dividends Than Last Year [Yahoo! Finance]Yahoo! Finance
- MTU Aero Engines Can Fly Out Of Turbofan Crisis [Seeking Alpha]Seeking Alpha