MTU Aero Engines Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

MTU Aero Engines (ETR:MTX) Full Year 2024 Results

Key Financial Results

• Revenue: €7.41b (up 38% from FY 2023).
• Net income: €633.0m (up from €102.0m loss in FY 2023).
• Profit margin: 8.5% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
• EPS: €11.77 (up from €1.90 loss in FY 2023).

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

MTU Aero Engines Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 8.0%.

The primary driver behind last 12 months revenue was the Commercial Maintenance Business (MRO) segment contributing a total revenue of €5.07b (68% of total revenue). Notably, cost of sales worth €6.16b amounted to 83% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling €199.0m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how MTX's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Europe.

Performance of the market in Germany.

The company's shares are down 2.1% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on MTU Aero Engines' balance sheet health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.