MTU Aero Engines posts net income of €134.6 million for first 9 month

MTU Aero Engines Holding AG increased its revenues in the first nine months of 2011 by 4% to € 2,067.3 million (1-9/2010: €1,992.3 million). The company’s operating profit rose by 8% to € 244.3 million (1-9/2010: €226.1 million), while net income improved by 9% to €134.6 million (1-9/2010: €124.0 million). The EBIT margin thus rose to 11.8% compared with 11.3% in 1-9/2010. In the commercial engine business, including spare-parts sales, the company’s revenues surged by 18% to €970.0 million (1-9/2010: €821.6 million). The key revenue earners were the V2500 for the Airbus A320 family, the PW2000, which is deployed in the Boeing 757 and C-17, the CF6-80C, which powers the Boeing 747 and Airbus A310 and A330, and the GP7000 for the Airbus A380. The GEnx engine for the Boeing 787 Dreamliner and 747-8 is also gaining in importance.