MTU Aero Engines’ revenue increased by 31% year-on-year to €1.54bn in the first quarter of 2023, while operating profit increased by 62% from €131 million to €212 million. The adjusted EBIT margin rose from 11.1% in the first quarter of 2022 to 13.7% in the first quarter of 2023, with net income up 70% from €93 million to €157 million. “MTU has made a flying start to the 2023 fiscal year. We have just ended the best quarter in MTU’s history. Both revenue and earnings were well above market expectations,” said Lars Wagner, chief executive. “The strong demand in the

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