MTU Aero Engines Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

In This Article:

MTU Aero Engines (ETR:MTX) Second Quarter 2024 Results

Key Financial Results

  • Revenue: €1.74b (up 12% from 2Q 2023).

  • Net income: €159.0m (up 31% from 2Q 2023).

  • Profit margin: 9.1% (up from 7.8% in 2Q 2023).

  • EPS: €2.95 (up from €2.28 in 2Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

MTU Aero Engines EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 6.0%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Germany.

Performance of the German Aerospace & Defense industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on MTU Aero Engines' balance sheet health.

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