October 24, 2024 08:51 GMT
CAPITAL GOODS: MTU Aero Engines (MTXGR Baa3[P]/NR/BBB): 3Q24 Results
CAPITAL GOODS
Positive, not surprising following the recent guidance update.
- MTU reported revenue 3% ahead of consensus, up 22% YoY.
- Adj. EBIT beat by 12% with margin 0.9% ahead.
- FCF was €108mn vs around flat expected; consensus seems off there though. YoY it decreased €14mn. Adj. leverage is down to 2.1x / 1.1x.
- Guidance was raised 2 weeks ago.
- Webcast 10.00 BST https://register.vevent.com/register/BI0868ec292fbb4696bf6e3173d5a078e3
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