MTU’s H1 MRO Revenues Up 18%

Revenues in MTU’s commercial MRO business grew 18 per cent to €893.3m ($984.3m) in the first half of 2016, the highest growth across its divisions.

Revenues in MTU’s commercial MRO business grew 18 per cent to €893.3m ($984.3m) in the first half of 2016, the highest growth across its divisions.

The Germany-based firm’s chief programme officer Michael Schreyögg said the healthy rise in H1 revenues was aided by MRO income reaching €464.5m ($511.6m) in Q2, its third successive quarter with record figures.

However, MTU’s commercial engine revenues slightly decreased by four per cent, which it attributed to delays of the PW1100G-JM engine for the A320neo.

MTU said V2500, GP7000 and GEnx engine work contributed the most to engine revenues, and also predicted that they would further rise in H2 2016 when the PW1100G-JM programme is ramped up.

To the end of June, MTU’s overall order backlog stood at €11.5bn ($12.6bn), with the majority of orders for the V2500 and the PW1000G family geared turbofan.

 

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