Report
Olfa Taamallah ...
  • Yan Derocles

MTU Aero Engines : The uncertainty surrounding the GTF should continue to weigh on MTU

>Q2 2023 ultimately reassuring... - In view of the warning from Pratt & Whitney on the GTF (due to a third issue with the metal quality of the turbine disk which requires the inspection of around 1,200 engines in the next 12 months), the Q2 publication in line with forecasts (EBITA at € 193m and FCF at € 42m) and the confirmation of the 2023 guidance (EBITA above €800m and FCF slightly above 2022 level at €326m) clearly comes as a relief although pressure is maintaine...
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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