MTU Maintenance Earnings Up 53% in 1H 2015

The commercial maintenance division of Germany-based MTU Aero Engines (MTU) posted earnings before interest and taxes (EBIT) of €73.5m ($80.8m) for the first six months of 2015.

The commercial maintenance division of Germany-based MTU Aero Engines (MTU) posted earnings before interest and taxes (EBIT) of €73.5m ($80.8m) for the first six months of 2015.

The results mark a 53 per cent increase compared to 1H 2014, when it reported an EBIT of €48m ($52.8m). Revenues from its commercial engine business increased by 21 per cent to €1.2bn ($1.3bn), with sales of the GP7000 and GEnx engines cited as key revenue drivers.

Overall group revenues came in at €2.2bn ($2.4bn), a rise of 21 per cent. MTU said it expects total year revenues of around €4.6bn ($5bn) and an EBIT of about €430m ($473m), bettering its previous forecast of €4.4bn ($4.8bn) in revenues and a €420m ($462m) EBIT for the year.

TAGS: Europe
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