MTU Aero Engines AG once again set new records in the financial year 2018. Revenues increased by 17% from €3,897.4 million in 2017 to a new high of €4,567.1 million. The group’s operating profit reached a new record level of €671.4 million, similarly beating the
previous year’s result by 17 % (2017: €572.5 million). Net income also surpassed the previous record of €404.9 million, set in 2017, growing by 18% to €479.1 million.
MTU expects to generate revenues of around €4.7 billion in 2019. “All business units are geared for growth,” added CFO Peter Kameritsch. In 2019, the commercial series production business looks set to become the fastest growing segment with an organic revenue increase in the low teens. Revenue growth in the mid- to high-single-digit percentage range is projected for the spare parts business in 2019, while revenues in the military engine business are expected to grow by 10%. MTU’s revenue forecast for its commercial maintenance business is for an organic growth rate in the high-single-digit percentage range. MTU expects its EBIT margin adjusted to reach around 15.5% in 2019 (2018: 14.7%). Operating profit and net income adjusted are expected to increase in equal measure (EBIT adjusted, 2018: €671.4 million, net income adjusted, 2018: €479.1 million). The cash conversion rate, defined as the ratio between free cash flow and net income adjusted, is projected between 50 and 60% (2018: 42%).
