Report

QuickView: Civil service

MTU Aero continues to perform well ahead of the major civil volume ramp-ups. The current year is being boosted by favourable FX and lower R&D. However, medium- to long-term growth is being embedded by an increased participation in both existing engines and current development programmes and in terms of original equipment (OEM) and maintenance repair & overhaul (MRO) services. While the current investment constrains near-term returns on civil OEM activity, both sales and margins should rise significantly over the second half of the current decade.
Underlying
MTU Aero Engines AG

MTU Aero Engines manufacturers engine modules and components, and providers MRO (Maintenance, Repair and Overhaul) services for commercial aero engines. Co.'s activities range through the development, construction, testing and production of new commercial and military engines and spare parts, through to maintenance, repair and overhaul of commercial and military engines. Co.'s segments comprised of: OEM business (Original Equipment Manufacturing), which covers new commercial engines, including spare parts, and the whole of the military sector; and MRO business, which engaged in commercial maintenance activities covering the areas of maintenance and logistical support for commercial engines.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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