MTU Aero Engines publishes its quarterly figures

MTU Aero Engines’ first quarter 2021 revenue was €989 million, compared with €1,273 million in the first quarter of 2020. The operating profit decreased from €182 million to €86 million. The adjusted EBIT margin was 8.7% (1-3/2020: 14.3%). Adjusted net income was €58 million, compared with €128 million in the prior-year period. “In the year-on-year comparison, it should be noted that the first three months of 2020 were a very strong quarter and the coronavirus pandemic had not yet affected our business figures,” said Reiner Winkler, CEO of MTU Aero Engines. “We are still operating profitably, even in the most