MTU Aero Engines' revenues reach all-time high in 2013

MTU Aero Engines AG has built on the record year of 2012 with its business figures for 2013: MTU improved its all-time high in revenues to €3,741.7m (2012: €3,378.6m), and is thus fully in line with its revenue forecast of around €3.7bn. Earnings matched the record level of 2012: At €377.3m, operating profit clearly met its target of around €375m (2012: €375.2m). The return on sales amounted to 10.1% compared with 11.1% in 2012. At €232.1m, MTU generated earnings after tax of around €235.0m as planned (2012: €234.0m). The growth in group revenues in 2013 is primarily due to strong growth in the commercial engine business, where revenues increased by 18% from €1,603.1m in 2012 to €1,891.3m. The growth drivers were the V2500 for the Airbus A320 family, the GP7000 engine that powers the Airbus A380 and the GEnx engine for the Boeing 787 Dreamliner and the Boeing 747-8. At €500.7m, revenues in the military engine business matched last year‘s level (2012: €503.3m), with the key revenue driver being the EJ200 Eurofighter engine. Revenues in the commercial maintenance business rose by 6% to €1,381.8m (2012: €1,305.7 million). The key revenue driver in this case was the V2500. MTU’s order backlog of €10,745.5m (2012: €11,479.6m) equates to a production workload of around 3 years.