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Provider: Reuters Investment Profile
Provider: Wright Reports
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MTU Aero Engines Holding AG Confirms FY 2013 Guidance-Conference Call

Thursday, 25 Apr 2013 09:00am EDT 

MTU Aero Engines Holding AG confirmed its guidance for fiscal 2013 and expects group revenues to increase by 10% to 12%. Within that the Company expect new engine sales to grow by 20% to 25%, spare parts to grow in the mid teens, commercial MRO to grow by a high single-digit percentage, Military sales to remain stable on the level of fiscal 2012. For Group EBIT, it expects an increase of 10% to 12%, versus fiscal 2012, and net income adjusted will be up by 10% to 12%. The Company reported revenue of EUR3.379 billion, EBIT of EUR374.3 million and net income of EUR233.4 million in fiscal 2012. According to I/B/E/S Estimates, analysts on average are expecting the Company to report for revenues of $3.752 million and EBIT of $411 million for fiscal 2013.