MTU Aero Engines reports adjusted 9m results; confirms its adjusted guidance for 2023

MTU Aero Engines has published its figures for the first nine months of 2023. Without adjustments, MTU’s reported revenue was €3.7bn at the end of the first nine months and reported EBIT was a loss of €410 million. On an adjusted basis that excludes the exceptional charges of around €1.0 billion relating to the Geared Turbofan inspection program, MTU Aero Engines revenue  grew by 21% to €4.6bn, with adjusted operating profit up by 33% to €597 million, and adjusted net income of €438 million at end-September, an increase of 37%.   “The good performance based on the adjusted figures is testimony