Key figures of MTU Aero Engines AG in the first quarter 2025 differ from market expectations – Earnings guidance 2025 confirmed

In the first quarter 2025, MTU Aero Engines AG has generated earnings and a free cash flow that were above market expectations. The company is maintaining its full-year guidance for these key figures, subject to the preliminary assessment of the direct impact of the global tariff situation on the company. The recent development of the US dollar exchange rate has prompted MTU to adjust its revenue forecast in euros for the 2025 fiscal year.

Based on preliminary figures for the first quarter of 2025, the company achieved revenue of 2.092 billion euros. Of this and before consolidation effects, 620 million euros were generated by the OEM business segment, and 1.521 billion euros by the MRO business segment.

Adjusted earnings were 300 million euros, which corresponds to an EBIT margin of 14.3%. Before consolidation, MTU achieved adjusted EBIT of 176 million euros in the OEM business segment and 125 million euros in commercial maintenance. The free cash flow was 150 million euros.

Based on these figures, MTU Aero Engines AG confirms its guidance for the 2025 fiscal year for adjusted EBIT, adjusted net income, and free cash flow. Adjusted revenue is expected to remain unchanged on a US dollar basis, but has been adjusted in euros in light of recent exchange rate developments: Adjusted revenue is now expected to reach between 8.3 and 8.5 billion euros in 2025. So far, the company had forecasted a range of 8.7 to 8.9 billion euros. The updated forecast is based on a US dollar / euro exchange rate of 1.10, instead of the previous assumption of 1.05 US dollar / euro.

In the context of its guidance, MTU recently assessed the highly volatile global tariff situation. Based on current information, the company expects that, without mitigation measures, a direct impact in the mid to high double-digit million euro range could arise in fiscal 2025. MTU is currently exploring all possible measures to reduce this potential burden. These direct and potential indirect effects have not yet been included in the guidance.

Further details regarding MTU's financial figures for the first quarter of 2025 will be published in its quarterly statement on 6 May, 2025.