Report
Antoine Boivin-Champeaux ...
  • Olfa Taamallah

MTU Aero Engines : Heightened visibility

>Tone particularly confident - On Friday, MTU held its CMD in London. We found the tone particularly confident, which can be justified by the following factors. 1/ Normalisation in the execution of GTF and a gradual improvement in the learning curve: while management refrained from providing a quantified target for deliveries in 2019 and a timeframe for breakeven being reached, it seemed confident to us about the ramp-up of GTF. This is in light of the good visib...
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
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Antoine Boivin-Champeaux

Olfa Taamallah

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