MTU announced strong H1 results, allowing the group to upgrade its 2018 guidance: Revenues increased 8.7% to €2,149m, IFRS 15 adjusted Gross margin improved from 17.9% to 19.7% and adjusted EBIT jumped +12.9% Adjusted EBIT margin increased from 15.0% to 15.6% Outlook for 2018 raised on the back of a stronger aftermarket

26 Jul 2018
Strong aftermarket drives the rise in guidance

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Strong aftermarket drives the rise in guidance
MTU Aero Engines AG (MTX:WBO) | 0 0 1.5% | Mkt Cap: 7,301m
- Published:
26 Jul 2018 -
Author:
Heinz Steffen -
Pages:
2 -
MTU announced strong H1 results, allowing the group to upgrade its 2018 guidance: Revenues increased 8.7% to €2,149m, IFRS 15 adjusted Gross margin improved from 17.9% to 19.7% and adjusted EBIT jumped +12.9% Adjusted EBIT margin increased from 15.0% to 15.6% Outlook for 2018 raised on the back of a stronger aftermarket