MTU reported Q1 16 results. Revenues remained stable at around €1.1bn. Revenues of the high margin MRO business, however, grew 11.7% to €428.8m. Revenues of the OEM commercial business division declined 12.5% to €556m but increased 36.5% to €124.5m in the OEM Military business division. The order backlog before consolidation declined 4.9% to €11.88bn. The order backlog for the commercial engine business declined 6.6% to €5.9bn, representing a workload of up to 2.
