In the first nine months of 2019, MTU Aero Engines generated revenues of € 3,403.7 million, up 3 % on the previous year (1-9/2018 €3,318.7 million). The group’s operating profit increased by 10 % from €508.9 million to € 557.7 million. The EBIT margin rose from 15.3 % to 16.4 %. Net income increased by 8 % to €391.7 million (1-9/2018: €362.8 million).
The area in which MTU recorded the highest revenue growth in the first nine months of 2019 was the commercial engine business, where revenues increased by 10% from €1,037.0 million to €1,137.8 million. The main source of these revenues was the V2500 engine for the classic A320 family as well as the PW1100G-JM for the A320neo and the GEnx engine that powers the Boeing 787 and 747-8.
Revenues in the military engine business increased by 7% to €323.6 million (1-9/2018: €303.1 million). The EJ200 Eurofighter engine was the main source of these revenues.
In the commercial maintenance business, revenues in the first nine months of 2019 remained at the previous year’s level at €1,995.9 million (1-9/2018: €2,019.7 million). “In terms of organic growth, revenue in the commercial MRO segment has increased by around 8%,” said CFO Peter Kameritsch. This growth was driven mainly by the V2500 engine, followed by the CF34 family of regional and business jet engines.