MTU beat the consensus in most metrics, thanks to an outperformance in MRO sales and a strong mix due to lower GTF volumes. MTU has reiterated its guidance thanks to a strong dollar but has reviewed the organic growth of its MRO activity due to lower maintenance activity than expected on its GTF shop visits. Overall, it is still well positioned to benefit from the air traffic recovery.
27 Jul 2022
Q2-22: Improved traffic forecast yet unchanged guidance
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Q2-22: Improved traffic forecast yet unchanged guidance
MTU beat the consensus in most metrics, thanks to an outperformance in MRO sales and a strong mix due to lower GTF volumes. MTU has reiterated its guidance thanks to a strong dollar but has reviewed the organic growth of its MRO activity due to lower maintenance activity than expected on its GTF shop visits. Overall, it is still well positioned to benefit from the air traffic recovery.