MTU Aero Engines : Q3 2021 in line with Q2, before a ramp-up as of Q4
>A confident tone on the recovery - The road show with the company organised on 7 and 8 October in Paris confirmed our positive opinion on MTU. The tone seemed confident, notably on: i/ the aftermarket with an improvement in shop visit scope starting to emerge in China and the US. For now, the much-feared acceleration in the pace of aircraft retirements has not materialised, meaning that we can look ahead to 2022 with more confidence, notably on the spare parts segme...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.
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.
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