MTU Aero Engines Raises Revenue Outlook
MTU Aero Engines raised its full-year revenue forecast after third-quarter sales beat expectations. Growth in the engine maintenance business drove the results, offsetting weaker profitability in original equipment manufacturing.
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MTU Aero Engines AG raised its full-year revenue outlook to between €9.5 billion and €9.7 billion after third-quarter sales reached €2.43 billion ($2.7 billion) on Wednesday morning. The upgrade follows stronger-than-expected sales driven by robust demand in the engine maintenance sector in Germany. Investors are weighing the revenue boost against a narrow miss in operating profit as supply chain delays keep older aircraft flying.
