INTELLIGENCE NEWS

2019 a Record Year for MTU Aero Engines

MTU Aero Engines reports that the company had another record year: revenue in 2019 reached a new high of €4,628.4 million (2018: €4,567.1 million). Operating profit came in at €756.9 million, surpassing the previous high of €671.4 million in 2018 by 13%. The EBIT margin rose from 14.7% to 16.4%. Net income increased by 12%, from €479.1 million to €537.6 million. “MTU’s course of profitable growth thus continues unabated. We fully met our ambitious earnings forecast,” said Reiner Winkler, CEO of MTU Aero Engines AG, summing up the provisional annual results for 2019 at a presentation on Thursday, February 20, 2020. MTU had raised its forecast at half-year and confirmed it after nine months. The company had forecast an adjusted EBIT margin of about 16% and expected both operating profit and adjusted net income to increase. Revenue in 2019 came in slightly below the target of approximately €4.7 billion due to shifts in commercial series production business and the…

CURRENT ISSUE

BACK COPIES

FEATURES

HUMS: Keeps Humming Along

HUMS: Keeps Humming Along

A T-shirt definition of the word “helicopter” reads that the aircraft is: “A million parts rotating rapidly around an oil…
Going Paperless in the Hangar

Going Paperless in the Hangar

In their highly regulated environment MROs often rely on paper to document compliance to the authorities and job performance to…

EDITOR’S NOTEBOOK

BY JOY FINNEGAN

EDITOR-IN-CHIEF

Safety is our Number One Priority

Safety is our number one priority. How many companies make this claim? How many include this philosophy in their mission statement? How many times have you heard this statement during your aviation career? Almost every single company in the aviation industry includes this statement in their company…

ABOUT PEOPLE

AEROSPACE TECH WEEK