MTU Aero Engines’ 2014 first-quarter revenues and earnings on previous year’s level

The results reported by MTU Aero Engines AG for the first quarter 2014 are in line with the previous year. Group revenues remained stable at €913.0m (1-3/13: €906.0m). MTU’s operating profit in the first three months of 2014 amounted to €89.0m (1-3/13: €88.3m), resulting in an unchanged EBIT margin of 9.7%. Earnings after tax also reached the previous year’s level, and amounted to €56.0m (1-3/13: €55.5m). In the OEM segment, revenues from both commercial and military engines were slightly up on the previous year. An increase of 2% to €500.5m (1-3/13: €488.4m) was reported for the commercial engine business, which includes engine manufacturing and spare parts. The engines that generated the highest share of revenues were the V2500 engine for the Airbus A320 family, the GP7000 engine for the Airbus A380, and the GEnx engine for the Boeing 787 and 747-8. Commercial maintenance revenues decreased by 3% to €303.6m (1-3/13: €313.1m). The main source of these revenues was the V2500 engine deployed in the Airbus A320 family. The order backlog at March 31, 2014 amounted to €9,832.4m, which corresponds to a production workload of almost three years.