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MUNICH (dpa-AFX) – Munich-based engine manufacturer MTU (MTU Aero Engines) is expecting business to pick up in the current year. For the largest division, the so-called civil maintenance, the group expects a growth in turnover of “more than 20 percent”, as the CEO Reiner Winkler announced in an interview with “Euro am Sonntag”. According to a current company presentation, this area accounts for around 58 percent of MTU’s sales.
For the civil spare parts business and the business with military customers, Winkler expects slight sales growth.
MTU’s order backlog is still just under 20 billion euros, said Winkler: “Most airlines have only postponed their orders on the timeline, there have only been a few cancellations.”
Winkler confirmed the outlook for 2020. Accordingly, sales should have fallen by 10 to 13 percent to 4 to 4.2 billion euros, the margin of the operating result (EBIT) decreased from 16 to 10. Winkler expects a “clearly positive” cash inflow for 2020. MTU will present its figures on February 18th./fba