FX.co ★ MTU Aero Engines Raises FY24 Earnings Guidance

MTU Aero Engines AG has announced preliminary results for the first nine months of 2024, stating that it achieved adjusted revenues of 5.29 billion euros. The company reported an adjusted EBIT of 744 million euros and an adjusted EBIT margin of 14.0% as of September 2024.

Reflecting on these preliminary results, MTU Aero Engines AG has revised its earnings forecast for the fiscal year 2024. The company now anticipates an adjusted EBIT of slightly over one billion euros, an increase from the previous guidance of between 0.95 billion and 0.98 billion euros. The projections for revenue and free cash flow remain unchanged.