EQS-Adhoc: MTU Aero Engines AG: Key figures of MTU Aero Engines AG in the first quarter 2023 exceed market expectationsEQS
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EQS-Ad-hoc: MTU Aero Engines AG / Key word(s): Preliminary Results/Quarter Results
Publication of inside information pursuant to Article 17 MAR
Key figures of MTU Aero Engines AG in the first quarter 2023 exceed market expectations
Munich, April 17, 2023 – MTU Aero Engines AG generated revenues and earnings in the first quarter of 2023 that were well above market expectations. The company is maintaining its full-year forecast.
Based on preliminary figures for the first quarter, revenues reached €1.54 billion. Before consolidation effects, the OEM segment accounted for €549 million and the MRO segment for €1.02 billion.
Adjusted earnings reached €212 million, corresponding to an EBIT margin of 13.7%. Before consolidation effects, MTU generated adjusted earnings of €141 million in the OEM segment and €70 million in the commercial MRO segment.
Market expectations for the quarter were €1.41 billion in revenue and €172 million in adjusted earnings.
Free cash flow of €93 million was in line with market expectations of €97 million.
Details of MTU Aero Engines AG’s financial results for the first quarter of 2023 will be published when the quarterly statement is presented on April 26, 2023.
Your contacts at Investor Relations at MTU Aero Engines:
End of Inside Information
17-Apr-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||MTU Aero Engines AG|
|Dachauer Straße 665|
|Phone:||+49 (0)89 14 89-4787|
|Fax:||+49 (0)89 14 89-95583|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1609491|
|End of Announcement||EQS News Service|
1609491 17-Apr-2023 CET/CEST