Report
Olfa Taamallah ...
  • Yan Derocles

MTU Aero Engines : A reassuring message on 2020 particularly on cash

>Q2 results slightly shy of estimates at the EBITA level but FCF came in above expectations - MTU has just reported its results for Q2 2020, slightly shy of estimates at the EBITA level but FCF came in above expectations. EBITA is reported at € 42.4m down -76% (consensus: € 48m) on sales of € 776.1m (-30% y-o-y). The EBITA margin stood at 5.5% vs 16% in Q2 2019 (consensus: 6.5%). FCF came at € 56.5m which was better than expected (consensus: € 27m) with a conversion...
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
Olfa Taamallah

Yan Derocles

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