MTU Aero Engines First Quarter 2024 Earnings: EPS Misses Expectations

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

Key Financial Results

• Revenue: €1.65b (up 6.9% from 1Q 2023).
• Net income: €126.0m (down 6.0% from 1Q 2023).
• Profit margin: 7.6% (down from 8.7% in 1Q 2023).
• EPS: €2.35 (down from €2.47 in 1Q 2023).

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

MTU Aero Engines EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.4%.

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 it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of MTU Aero Engines' balance sheet and an in-depth analysis of the company's financial position.

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