MTU Aero Engines AG (MTX.DE)
| Previous close | 210.20 |
| Open | 211.40 |
| Bid | 208.10 x 20700 |
| Ask | 208.20 x 3400 |
| Day's range | 208.00 - 211.80 |
| 52-week range | 129.55 - 221.00 |
| Volume | 76,514 |
| Avg. volume | 189,195 |
| Market cap | 11.033B |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | 46.53 |
| EPS (TTM) | N/A |
| Earnings date | 30 Jul 2021 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 191.35 |
- Reuters
MTU Aero Engines not yet invited for Rolls-Royce' ITP auction - CEO
MTU Aero Engines has not yet been invited by Rolls-Royce to take part in the bidding process for the British group's Spain-based ITP Aero unit, MTU's chief executive said on Thursday. Rolls-Royce in late 2020 kicked off an initiative to raise 2 billion pounds ($2.8 billion) from disposals to recover from the pandemic, which is weighing its business.
- EQS Group
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 yearMunich, 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.deClaudia 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 * * * Language: English Company: MTU Aero Engines AG Dachauer Straße 665 80995 München Germany Phone: +49 (0)89 14 89-4787 Fax: +49 (0)89 14 89-95583 E-mail: Thomas.Franz@mtu.de Internet: www.mtu.de ISIN: DE000A0D9PT0 WKN: A0D9PT Indices: DAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1106967 End of Announcement DGAP News Service
- EQS Group
MTU Aero Engines AG: Klaus Eberhardt to continue as Chairman of the Supervisory Board of MTU Aero Engines AG
DGAP-News: MTU Aero Engines AG / Key word(s): Personnel 17.06.2020 / 11:00 The issuer is solely responsible for the content of this announcement. Klaus Eberhardt to continue as Chairman of the Supervisory Board of MTU Aero Engines AG Munich, June 17, 2020 - Klaus Eberhardt (72) will continue to lead the Supervisory Board of MTU Aero Engines AG. This was decided unanimously by the Supervisory Board at its meeting today. Maintaining continuity at the helm of the Supervisory Board is a response to the special challenges presented by the coronavirus crisis."I am pleased to accept the task of continuing to actively accompany MTU's development. The Supervisory Board has worked extremely well together in its existing composition and developed considerable expertise in issues concerning the company and the industry. Based on this, we, together with the Executive board, will successfully meet the crisis-related challenges," said Eberhardt.At its meeting today, the Supervisory Board also decided unanimously to raise the previously valid age limit for Supervisory Board members in general to 75. Given a general increase in life expectancy, this step will contribute to being able to secure valuable expertise and experience especially in MTU's long-term business model.The Annual General Meeting of MTU Aero Engines AG will be held virtually on August 5, 2020. Re-election of Eberhardt is not necessary, since his Supervisory Board mandate lasts until 2023.About MTU Aero Engines MTU Aero Engines AG is Germany's leading engine manufacturer. The company is a technological leader in low-pressure turbines, high-pressure compressors, turbine center frames as well as manufacturing processes and repair techniques. In the commercial OEM business, the company plays a key role in the development, manufacturing and marketing of high-tech components together with international partners. Some 30 percent of today's active aircraft in service worldwide have MTU components on board. In the commercial maintenance sector the company ranks among the top 3 service providers for commercial aircraft engines and industrial gas turbines. The activities are combined under the roof of MTU Maintenance. In the military arena, MTU Aero Engines is Germany's industrial lead company for practically all engines operated by the country's military. MTU operates a network of locations around the globe; Munich is home to its corporate headquarters. In fiscal 2019, the company had a workforce of more than 10,000 employees and posted consolidated sales of more than 4.6 billion euros.Your contact: Eckhard Zanger Senior Vice President Corporate Communications and Public Affairs Tel.: + 49 (0)89 14 89-91 13 Mobile: + 49 (0) 176-1000 6158 Email: Eckhard.Zanger@mtu.de * * *17.06.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de * * * Language: English Company: MTU Aero Engines AG Dachauer Straße 665 80995 München Germany Phone: +49 (0)89 14 89-4787 Fax: +49 (0)89 14 89-95583 E-mail: Thomas.Franz@mtu.de Internet: www.mtu.de ISIN: DE000A0D9PT0 WKN: A0D9PT Indices: DAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1071961 End of News DGAP News Service
