MTU Aero Engines sees itself on track for its annual targets given “great market opportunities” and operational strength.
The medium-term goals up to 2030 were also confirmed. “We are taking advantage of the great market opportunities that lie in front of us,” said CEO Johannes Bussmann, according to the text of the speech, at the DAX group’s general meeting in Munich. Although the conflicts in the Middle East are currently putting a strain on air traffic, MTU is confident that this will not change the positive long-term trend.
MTU sees opportunities in drone drives, among other things. With the recently announced takeover of Aerodesignworks, the group has entered the business of engines for light drones. With its subsidiary eMoSys, MTU can offer electric drives, and for heavier drones there is a “good chance of using classic engine technology,” said Bussmann.
“These autonomous systems are becoming increasingly important in the European defense strategy. The need is growing rapidly. In the next ten years, the market volume worldwide is expected to more than triple. So the demand is there.”
In the military engine business, new orders from Germany, Italy and Turkey will ensure series production of the Eurofighter fighter aircraft well into the 2030s. With regard to the engine development for a fighter aircraft as part of the European armament project Future Combat Air System (FCAS), Bussmann said that it would be “very disappointing if the decision on the next generation of European fighter aircraft continues to be delayed.” The project is currently not progressing. The CEO once again appealed to politicians to make clear decisions.
Meanwhile, the commercial engine business is supported by growth in air traffic. In the next twenty years, the number of aircraft in the sky will double, said Bussmann. MTU’s order books are full to capacity for more than three years.
The geared turbofan engine recall program that began two and a half years ago is expected to be completed by the beginning of next year at the latest. The reason for the recall was a material defect in a component of the US partner Pratt & Whitney. “This should be completed by the beginning of 2027 at the latest,” said Bussmann. A further developed variant of the engine, the GTF Advantage, which is said to be even more efficient, quieter and more economical, will come onto the market this year.
For 2026, MTU expects sales of 9.2 to 9.7 billion euros and an adjusted EBIT of 1.35 to 1.45 billion euros. MTU wants to increase sales to 13 to 14 billion euros by 2030 and is aiming for an adjusted group EBIT margin of between 14.5 and 15.5 percent.
The MTU share is now down 0.22 percent to EUR 314.20 via XETRA.
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