MTU Aero Engines : Un ton prudent à relativiser
>Déception sur l’objectif S2 2021 de pièces détachées… - Après un T2 solide avec un EBITA de 103 M€ (4% au-dessus du consensus) et une forte génération de FCF à 81 M€ (vs. 46 M€ pour le consensus), nous avons été légèrement déçus par le ton prudent sur les pièces détachées avec une guidance annuelle maintenue à « low to mid single digit » en dépit d’un ton plus optimiste sur la croissance du CA militaire (entre 5-10% vs une légère croissance précédemment) et sur la co...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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