In the first half of 2011, MTU Aero Engines Holding AG boosted its operating profit by 14% to EUR 164.0 million (1-6/2010: EUR 144.1 million). “That’s the best half-year result in the history of MTU,” said Egon Behle, CEO of MTU Aero Engines Holding AG, “and it is reason for us to revise our full-year forecast upward. We are now expecting to achieve an EBIT adjusted figure of EUR 325 million in 2011.” MTU had previously assumed an EBIT adjusted comparable to the previous year’s (2010: EUR 311.3 million). MTU’s EBIT margin rose to 12.2 % in the first six months of 2011, compared with 10.7 % in the same period in 2010. Revenues reached EUR 1,346.5 million (1-6/2010: EUR 1,348.8 million), while the company succeeded in boosting its earnings after tax by 22% to EUR 89.1 million (1-6/2010: EUR 73.3 million).
MTU reaffirms its full-year forecast for revenues, which are set to rise by 7–8%. The company is expecting revenues to rise in the second half-year in both the OEM and MRO segments. Net income adjusted is anticipated to be slightly higher than last year (2010: EUR 182.3 million). The revised outlook is based on an exchange rate of U.S. $1.40 to the euro, whereas MTU had previously assumed an exchange rate of U.S. $1.35.
