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MTU Aero Engines (DE:MTX1)
STUTTGART:MTX1
Holding DE:MTX1?
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Earnings Data
Report Date
Feb 19, 2025Before Open Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-€3.45Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: 3.92%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted robust revenue growth and a raised earnings forecast, indicating strong performance across business segments, particularly in MRO and spare parts. However, supply chain challenges and uncertainties in free cash flow pose ongoing concerns.Company Guidance
In the Q3 2024 earnings call for MTU Aero Engines, the management provided updated guidance, highlighting strong financial performance and an optimistic outlook for the year. Adjusted EBIT is now expected to exceed EUR 1 billion, surpassing earlier guidance of EUR 950-980 million, thus achieving the 2025 target a year early. Key metrics include a 14% year-on-year increase in adjusted group revenues to EUR 5.3 billion, with EBIT adjusted rising by 25% to EUR 744 million, resulting in a 14% EBIT margin. Net income adjusted grew by 23% to EUR 541 million, and free cash flow reached EUR 213 million despite ongoing supply chain challenges. MRO revenues increased by 15% to EUR 3.6 billion, with a segment EBIT margin of 8.4%, while OEM revenues grew by 11% to EUR 1.8 billion, with an EBIT margin nearing 25%. The updated guidance reflects strong demand in military and commercial segments, pricing benefits in the MRO sector, and a favorable mix of spare and lease engine sales.Strong Revenue Growth
Adjusted group revenues reached EUR 5.3 billion, up 14% from last year, with a 25% increase in EBIT adjusted to EUR 744 million driven by strong contributions from MRO and OEM segments.
Raised Earnings Forecast
MTU raised its earnings forecast for 2024, with adjusted EBIT now expected to exceed EUR 1 billion, reaching the 2025 target a year ahead of schedule.
MRO Segment Performance
MRO revenues increased by 15% to roughly EUR 3.6 billion, with EBIT adjusted increasing by 35% to EUR 300 million, resulting in a margin of 8.4%.
Spare Parts Business Strength
The spare parts business performed strongly, particularly for narrow-body and mature wide-body platforms, reinforcing confidence in meeting full-year targets.
Military Revenues Increase
Military revenues were up 16% to EUR 426 million, driven by TP400 and EJ200 aftermarket and funded development work for the Next Generation Fighter Engine.
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DE:MTX1 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:MTX1 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | €153.00 | €153.00 | 0.00% |
| Aug 01, 2024 | €129.00 | €132.00 | +2.33% |
| Apr 30, 2024 | €110.35 | €112.34 | +1.80% |
| Feb 29, 2024 | €107.37 | €109.36 | +1.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does MTU Aero Engines (DE:MTX1) report earnings?
MTU Aero Engines (DE:MTX1) is schdueled to report earning on Feb 19, 2025, Before Open Not Confirmed.
What is MTU Aero Engines (DE:MTX1) earnings time?
MTU Aero Engines (DE:MTX1) earnings time is at Feb 19, 2025, Before Open Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of MTU Aero Engines stock?
The P/E ratio of MTU Aero Engines is N/A.
What is DE:MTX1 EPS forecast?
Currently, no data Available
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