MTU Aero Engines EBITDA up 34% in 1Q2016

MTU Aero Engines revenue stable - financial highlights for three months ended 31-Mar-2016:

• Revenue: EUR1098 million, -0.1% year-on-year;
• • OEM business: EUR680.5 million, -6.4%;
  • • Commercial engine: EUR556.0 million, -12.5%;
  • Commercial maintenance business: EUR428.8 million, +11.7%;
• EBIT: EUR131.3 million, +34.4%;
• • OEM: 88.8 million, +52.8%;
  • Commercial maintenance: EUR42.3 million, +11.0%;
• Net profit: EUR90.4 million, +331%. [more - original PR]

MTU Aero Engines: "This has placed us in a good starting position for the rest of the year. We see ourselves well on the way to meet our planned targets for 2016 and are anticipating another record-breaking year for MTU," Reiner Winkler, CEO. Source: Company statement, 28-Apr-2016.