DGAP-Adhoc: MTU Aero Engines AG: MTU Aero Engines revises earnings guidance at half-year

MTU Aero Engines AG / Key word(s): Change in Forecast/Change in Forecast

24.07.2013 07:57

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Munich, July 24, 2013: MTU Aero Engines AG has put a figure on its
anticipated full-year revenues for 2013 and revised its earnings guidance.
The group expects to generate revenues of around EUR 3.7 billion in 2013,
in line with its earlier forecast of an increase of between 10 and 12 %
(group revenues 2012: EUR 3,378.6 million). MTU's earnings guidance now
foresees an adjusted EBIT of around EUR 375 million, i.e. on the level of
last year (2012: EUR 374.3 million), and an adjusted net income of around
EUR 235 million (2012: EUR 233.4 million). Until now, these two figures had
both been expected to increase by 10 to 12 %.

This revised earnings forecast is based on the business performance in the
first six months of 2013, in which the commercial series business
registered strong growth as planned. It is of vital importance to MTU's
future growth, but it initially cushions the earnings development. At
present, the spare parts business is unable to fully counterbalance,
because sales have been lower than expected in certain programs. Moreover,
business in the industrial gas turbine sector is stagnant. MTU expects to
see only a moderate improvement of this trend in the second half of the
year.

In the first six months of 2013, MTU's revenues increased by 19 % to EUR
1,852.2 million (1-6/2012: EUR 1,559.0 million). The group's operating
profit(1) reached a level of EUR 171.7 million (1-6/2012: EUR 175.8
million), which corresponds to an EBIT margin of 9.3 % (1-6/2012: 11.3 %).
MTU's earnings after tax(2) for this period amounted to EUR 105.1 million,
compared with EUR 109.7 million in the same period of 2012.

(1)Adjusted EBIT = Earnings before interest and tax calculated on a
comparable basis
(2)Adjusted net income = Earnings after tax, calculated on a comparable
basis

Your contact:
Eckhard Zanger
Senior Vice President Corporate Communications and Public Affairs
Phone: + 49 (0)89 14 89-91 13
Mobile: + 49 (0) 176-1000 6158
Email: Eckhard.Zanger@mtu.de

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Language: English
Company: MTU Aero Engines AG
Dachauer Straße 665
80995 München
Germany
Phone: +49 (0)89 14 89-5714
Fax: +49 (0)89 14 89-99155
E-mail: Peter.Kameritsch@mtu.de
Internet: www.mtu.de
ISIN: DE000A0D9PT0, XS0787483626,
WKN: A0D9PT, A1PGW5
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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