Industry: Engine manufacturer MTU has full order books
Many German industrial companies have not been doing well for years, but two industries are exceptions: armaments and aviation. Engine manufacturer MTU is thriving.
MTU, a Munich-based engine manufacturer, has reported successful business figures, with a 13% increase in revenue to 7.1 billion euros in the first months. The company's net profit rose 4% to 751 million euros. Despite challenges in the civil aviation industry due to the Iran war and high fuel prices, MTU's business remains unaffected due to long lead times in the industry.
The company's order book stands at nearly 30 billion euros, and it expects double-digit growth in all areas, leading to a revised annual revenue forecast of at least 9.5 billion euros.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
