MTU Aero Engines AG

MTX: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€784.00	Nwtn	Ywvzfjj

MTU Earnings: Robust First-Half Performance

Loredana Muharremi

Aug 1, 2024

MTU Aero Engines reported robust financial performance in first-half 2024, with notable growth in revenue and earnings despite supply chain disruptions that continue to affect the broader aerospace industry. MTU’s order backlog was EUR 25.2 billion at the end of the first half of 2024, up from EUR 24.4 billion at the end of 2023. Most of the orders were for the PW1100G-JM and the V2500. Adjusted revenue increased by 10%, with adjusted EBIT margin increasing to 13.7% from 13.0%.

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