MTU Aero Engines (ETR:MTX) Second Quarter 2024 Results

Key Financial Results

• Revenue: €1.74b (up 12% from 2Q 2023).

• Net income: €159.0m (up 31% from 2Q 2023).

• Profit margin: 9.1% (up from 7.8% in 2Q 2023).

• EPS: €2.95 (up from €2.28 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

MTU Aero Engines EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 6.0%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Germany.

Performance of the German Aerospace & Defense industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on MTU Aero Engines' balance sheet health.

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