MTU Aero Engines increases outlook following H1 2019 results

MTU Aero Engines has posted revenues of €2.24 billion, a rise of 4% when compared to the same period last year. The company is now set to raise its outlook projecting an adjusted EBIT margin in the region of 16%. The original forecast had been 15.5%. The group’s operating profit increased by 9% from €335 million to €365 million. MTU recorded the highest revenue growth in the commercial engine business, where revenues increased by 13% from €687 million to € 773 million. The major part of these revenues was attributable to the V2500 engine for the A320 family and the