MTU Aero Engines AG
F:MTX

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MTU Aero Engines AG Logo
MTU Aero Engines AG
F:MTX
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Price: 345.1 EUR 0.73% Market Closed
Market Cap: €18.6B

MTU Aero Engines AG
Investor Relations

MTU Aero Engines AG designs, manufactures, and services aircraft engine parts and modules. It is best known for making critical components for large jet engines, especially low-pressure turbines, turbine center frames, and other hot-section parts that have to withstand extreme heat and stress. The company also helps build complete engines through partnerships with other engine makers, rather than selling lots of finished engines under its own brand. Its customers are mainly commercial airlines, engine manufacturers, military users, and maintenance providers. MTU earns money in two main ways: by selling engine parts and modules, and by servicing engines and components over many years after they enter service. That maintenance work is important because jet engines need regular overhaul, repair, and replacement parts throughout their life. What makes MTU different is its role deep inside the aircraft engine supply chain. It is not a full aircraft maker or a standalone engine brand for most of the market; instead, it is a specialist partner that supplies hard-to-make components and long-term support. That gives it a business tied to both new aircraft production and the much larger installed base of engines already flying.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Jul 30, 2026
AI Summary
Q2 2026

Strong H1: MTU said first-half 2026 was excellent, with revenues up 13% to roughly EUR 4.7 billion, adjusted EBIT up 5% to EUR 692 million, and free cash flow up 39% to EUR 294 million.

Guidance: The company kept its 2026 revenue and EBIT outlook unchanged, but raised full-year cash conversion guidance to 50% to 60% from 45% to 55%.

GTF recovery: The GTF fleet management plan is progressing as expected, with AOG levels down around 25% year-to-date and MRO output up 40% year-over-year.

No disruption: Management said Middle East tensions have not caused any material impact so far, with no cancellations and no evidence of structural deferrals in OEM or MRO.

Longer-term mix: MTU highlighted strong demand in aftermarket, widebody engines, military programs, and a new Airbus fuel-cell joint venture as key future growth drivers.

Key Financials
Revenue
roughly EUR 4.7 billion
Adjusted EBIT
EUR 692 million
Adjusted EBIT margin
14.8%
Free cash flow
EUR 294 million
Cash conversion
59%
Adjusted net income
EUR 502 million
Commercial MRO revenue
EUR 1.5 billion
Commercial MRO adjusted EBIT margin
8%
OEM adjusted EBIT margin
32%
OEM revenue
down 8% year-on-year in Q2
Commercial OEM revenue
down 11% in euro in Q2
Military revenue
up 6% in Q2
Order book
EUR 30.4 billion
MRO contract wins
USD 4.9 billion
Farnborough commitments
roughly USD 500 million
GTF AOG compensation
USD 110 million
GTF AOG compensation in Q2
around USD 50 million
GTF AOG levels
down around 25% year-to-date
PW1100 GTF MRO output
up 40% year-over-year
Hedge rate for 2026
1.14
Earnings Call Recording
Other Earnings Calls

Management

Mr. Peter Kameritsch
CFO, Chief Information Officer & Member of the Executive Board
No Bio Available
Mr. Michael Schreyogg
Chief Program Officer & Member of the Executive Board
No Bio Available
Dr. Silke Maurer
COO & Member of Executive Board
No Bio Available
Mr. Thomas Franz
Vice President of Investor Relations
No Bio Available
Marc Sauber
Senior Vice President of Corporate Communication & Public Affairs
No Bio Available

Contacts

Address
BAYERN
Munich
Dachauer Strasse 665
Contacts
+498914890
www.mtu.de
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