MTU Aero Engines Raises Revenue Outlook After Quarterly Sales Beat
MTU Aero Engines raised its revenue outlook after quarterly sales beat.
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07:21:12 AM UTC
SquawkNews
German engine maker MTU Aero Engines XETR:MTX raised full-year revenue forecast on Thursday after its third-quarter sales topped expectations, driven by growth in its maintenance business.MTU reported adjusted revenue of €2.43 billion ($2.7 billion) for the quarter, above a company consensus of €2…
07:38:14 AM UTC
SquawkNews
UPDATE 1-MTU Aero Engines raises revenue outlook as maintenance business drives growth Adds details
07:38:28 AM UTC
SquawkNews
German engine maker MTU Aero Engines XETR:MTX raised its full-year revenue forecast after third-quarter sales beat expectations on Thursday, as growth in its engine maintenance business more than offset weaker profitability in original equipment manufacturing.MTU reported adjusted revenue of €2.43…
07:38:47 AM UTC
SquawkNews
By Mauro OrruMTU Aero Engines boosted its revenue and cash conversion guidance for the year, citing robust demand in its commercial maintenance business and a more favorable exchange rate between the dollar and the euro.The German aircraft-engine manufacturer said revenue this year should come in b…