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

Key Financial Results

• Revenue: €1.90b (up 239% from 3Q 2023).

• Net income: €211.0m (up from €568.0m loss in 3Q 2023).

• Profit margin: 11% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.

• EPS: €3.90 (up from €10.61 loss in 3Q 2023).

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

MTU Aero Engines Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 8.6%.

Looking ahead, revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 15% 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. See our latest analysis on MTU Aero Engines' balance sheet health.

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