MTU Aero Engines posts new record revenues and earnings for 2016

MTU Aero Engines once again set new records in the financial year 2016. Revenues increased by 7% to a new high of €4,732.7m (2015: €4,435.3m). Operating profit reached €503.0m, beating the previous year’s record by 14% (2015: €440.3m). Earnings after tax surpassed the previous record of €306.9m, set in 2015, growing by 13% to €345.4m. “We have thus met all of our forecast targets – including the projected earnings that we revised upward for the second time in October,” said Reiner Winkler, CEO of MTU Aero Engines AG, summing up the provisional annual results for 2016. MTU had set itself the goal of generating revenues of around €4.7bn in 2016. The earnings forecasts were for an adjusted EBIT of approximately €500m and an adjusted net income of approximately €340m.