MTU has reported strong results. Though there were some delays in the military OEM segment, the aftermarket business performed strongly, leading to a guidance increase in both sales and potentially FCF for FY22. The demand continues to outstrip MTU’s capacity and the company should have no issue in increasing its prices for the coming quarters. The poor GTF mix has resulted in improved profitability levels. All in all, strong results.
27 Oct 2022
Q3 22: MRO pulls the guidance higher
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Q3 22: MRO pulls the guidance higher
MTU has reported strong results. Though there were some delays in the military OEM segment, the aftermarket business performed strongly, leading to a guidance increase in both sales and potentially FCF for FY22. The demand continues to outstrip MTU’s capacity and the company should have no issue in increasing its prices for the coming quarters. The poor GTF mix has resulted in improved profitability levels. All in all, strong results.