The company reported solid Q2 15 numbers. The order backlog grew 3.1% to €11.52bn. Revenues jumped 22.1% to €1.1bn and gross profit 21.5% to €145.8m. The gross margin declined marginally from 13.3% to 13.2%. The maintenance business contributed strongly to revenue growth. Revenues of the MRO division grew 21.1% to €370.3m and jumped 32% to €754.2m in the first six months. Organically, revenues increased only 7%. Revenues of the Commercial & Military OEM business g
24 Jul 2015
Performance driven by US$ and maintenance business
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Performance driven by US$ and maintenance business
MTU Aero Engines AG (MTX:WBO) | 0 0 1.5% | Mkt Cap: 7,301m
- Published:
24 Jul 2015 -
Author:
Heinz Steffen -
Pages:
2
The company reported solid Q2 15 numbers. The order backlog grew 3.1% to €11.52bn. Revenues jumped 22.1% to €1.1bn and gross profit 21.5% to €145.8m. The gross margin declined marginally from 13.3% to 13.2%. The maintenance business contributed strongly to revenue growth. Revenues of the MRO division grew 21.1% to €370.3m and jumped 32% to €754.2m in the first six months. Organically, revenues increased only 7%. Revenues of the Commercial & Military OEM business g