MTU Aero Engines AG

MTU Aero Engines manufacturers engine modules and components, and providers MRO (Maintenance, Repair and Overhaul) services for commercial aero engines. Co.'s activities range through the development, construction, testing and production of new commercial and military engines and spare parts, through to maintenance, repair and overhaul of commercial and military engines. Co.'s segments comprised of: OEM business (Original Equipment Manufacturing), which covers new commercial engines, including spare parts, and the whole of the military sector; and MRO business, which engaged in commercial maintenance activities covering the areas of maintenance and logistical support for commercial engines.
  • TickerA0D9PT
  • ISINDE000A0D9PT0
  • SectorAerospace & Defense
  • CountryGermany

Analysts

Fatma Ayachi ...
  • Olfa Taamallah
  • Yan Derocles

ODDO : 2019 Paris Air Show: fails to hit the heights!

While the 2019 Paris Air Show ended on a lacklustre note in terms of orders, it was marked by the launch of the A321XLR (which complicates the equation for the NMA) and the shelving of a rapid increase in production rates to 70 aircraft per month (a relief for the supply chain). Our hierarchy of recommendations is unchanged and we continue to prefer engine makers with MTU our Top Pick (Buy - € 220). - >A disappointing show - The 2019 Paris Air Show ended on an even low...

Fatma Ayachi ...
  • Olfa Taamallah
  • Yan Derocles

ODDO : Le Bourget 2019 : ça ne vole pas très haut !

Si le salon du Bourget 2019 se clôture comme attendu sur un terne bilan commercial, il reste marqué par le lancement de l’A321XLR (complique l’équation du NMA) et l’abandon d’une hausse rapide des cadences à 70 a/c par mois (un soulagement pour la chaine fournisseurs). Notre hiérarchie de recommandations est inchangée et nous continuons de favoriser les motoristes avec une préférence pour MTU (Achat – 220 €). - >Un salon en demi-teinte - Le millésime 2019 du salon du B...

Antoine Boivin-Champeaux ...
  • Florent Laroche-Joubert
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 06/11/2019

Following our ODDO BHF Nextcap Forum, 44 French and German companies met close to 100 investors in Paris. In the complex small caps market (outflows, limited liquidity, persistently high valuations) and in a more uncertain macroeconomic environment, selectivity is paramount and a number of opportunities are taking shape. We compile 35 feedback articles in the present document, which give rise to six target price revisions: i/ three upward (Esker, ECA, Groupe Gorge), and ii/ three down...

Antoine Boivin-Champeaux ...
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Pierre Corby
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/11/2019

...

Antoine Boivin-Champeaux ...
  • Florent Laroche-Joubert
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 11/06/2019

A l’issue de notre conférence ODDO BHF Nextcap, 44 sociétés françaises et allemandes ont rencontré près de 100 investisseurs à Paris. Dans un marché des Small caps complexe (décollecte, liquidité limitée, valorisations encore élevées) et dans un environnement macroéconomique plus incertain, la sélectivité est primordiale et quelques opportunités se dessinent. Nous compilons dans ce document 35 feedbacks, qui donnent lieu à 6 révisions d’objectifs de cours : i/ 3 à la hausse (Esker, EC...

MTU Aero Engines AG: Update following outlook change to stable

Our credit view on MTU reflects improved operating performance in the last two years and results in rating stabilization.

Moody's changes outlook on MTU Aero Engines AG's Baa3 rating to stable from negative; affirms rating

Moody's Investors Service, (Moody's) has today affirmed the Baa3 issuer rating of the Germany's leading aircraft engines manufacturer MTU Aero Engines AG's (MTU). At the same time Moody's has changed the outlook to stable from negative. "Our decision to change the outlook on MTU's...

Moody's changes outlook on MTU Aero Engines AG's Baa3 rating to stable from negative; affirms rating

Moody's Investors Service, (Moody's) has today affirmed the Baa3 issuer rating of the Germany's leading aircraft engines manufacturer MTU Aero Engines AG's (MTU). At the same time Moody's has changed the outlook to stable from negative. "Our decision to change the outlook on MTU's Ba...

MTU Aero Engines AG: Higher Adjusted EBIT and FCF Guidance for 2017 Imply MTU is On Track To Reduce Leverage As Per our Forecasts

CORPORATES ISSUER COMMENT 1 August 2017 Contacts Jeanine Arnold 49-69-70730-789 Vice President - Senior Credit Officer [email protected] Anke Rindermann 49-69-70730-788 Associate Managing Director [email protected] MTU Aero Engines AG Higher Adjusted EBIT and FCF Guidance for 2017 Imply MTU is On Track To Reduce Leverage As Per our Forecasts On 28 July in its H1-17 results (30 Jun

MTU Aero Engines AG - December 2016 (Annual): Peer Snapshot

Peer Snapshot: MTU Aero Engines AG - December 2016 (Annual) 11 April 2017 (in US millions) FYE Dec-14 FYE Dec-15 FYE Dec-16 FYE Dec-14 FYE Dec-15 LTM Jun-16 FYE Dec-14 FYE Dec-15 LTM Sep-16

Fatma Ayachi ...
  • Olfa Taamallah
  • Yan Derocles

ODDO : 2019 Paris Air Show: fails to hit the heights!

While the 2019 Paris Air Show ended on a lacklustre note in terms of orders, it was marked by the launch of the A321XLR (which complicates the equation for the NMA) and the shelving of a rapid increase in production rates to 70 aircraft per month (a relief for the supply chain). Our hierarchy of recommendations is unchanged and we continue to prefer engine makers with MTU our Top Pick (Buy - € 220). - >A disappointing show - The 2019 Paris Air Show ended on an even low...

Fatma Ayachi ...
  • Olfa Taamallah
  • Yan Derocles

ODDO : Le Bourget 2019 : ça ne vole pas très haut !

Si le salon du Bourget 2019 se clôture comme attendu sur un terne bilan commercial, il reste marqué par le lancement de l’A321XLR (complique l’équation du NMA) et l’abandon d’une hausse rapide des cadences à 70 a/c par mois (un soulagement pour la chaine fournisseurs). Notre hiérarchie de recommandations est inchangée et nous continuons de favoriser les motoristes avec une préférence pour MTU (Achat – 220 €). - >Un salon en demi-teinte - Le millésime 2019 du salon du B...

Antoine Boivin-Champeaux ...
  • Yan Derocles

ODDO : Is the countercyclical group making a comeback?

>Creation of the world's third-largest player in aerospace and defence - United Technologies (UTX) and Raytheon announced on Sunday evening their plan to merge to create the world’s third-largest aerospace and defence group behind Boeing and Airbus. On a 2019 basis, the new group would have an operating margin of 12.6% for revenue of $ 73.6bn. The net debt/EBITDA ratio is estimated at 1.9x but FCF generation would reach $ 6bn. The aim is to generate cost synergies bef...

Antoine Boivin-Champeaux ...
  • Yan Derocles

ODDO : Le retour de la quête du groupe contra-cyclique ?

>Création du 3ème acteur mondial de l’aéronautique-défense - United Technologies (UTX) et Raytheon ont donc annoncé dimanche soir leur intention de fusionner en vue de créer le 3ème acteur mondial du secteur aéronautique-défense derrière Boeing et Airbus. Sur une base 2019, le nouveau groupe afficherait une marge opérationnelle de 12.6% pour des ventes de 73.6 Md$. Le ratio dette nette/EBITDA s’élèverait à 1.9x mais la génération de FCF atteindrait 6 Md$. L’objectif e...

Antoine Boivin-Champeaux ...
  • Yan Derocles

ODDO : Elections in India: Team Rafale keenly awaiting election results

>Election results due on 23 May - The parliamentary elections in India to elect the 543 MPs who will chose the future Prime Minister are due to end on 19 May, after six weeks of voting. Votes will only be counted on 23 May by the electoral commission which will announce the results the same day. The battle is being fought between the Bharatiya Janata Party, led by the current Prime Minister Narendra Modi, and its main opposition, Rahul Gandhi’s Congress Party. Given t...

1 director sold

A director at MTU Aero Engines Holding sold 5,786 shares at 193.357EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The nam...

Antoine Boivin-Champeaux ...
  • Florent Laroche-Joubert
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 06/11/2019

Following our ODDO BHF Nextcap Forum, 44 French and German companies met close to 100 investors in Paris. In the complex small caps market (outflows, limited liquidity, persistently high valuations) and in a more uncertain macroeconomic environment, selectivity is paramount and a number of opportunities are taking shape. We compile 35 feedback articles in the present document, which give rise to six target price revisions: i/ three upward (Esker, ECA, Groupe Gorge), and ii/ three down...

Antoine Boivin-Champeaux ...
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Pierre Corby
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/11/2019

...

Antoine Boivin-Champeaux ...
  • Florent Laroche-Joubert
  • Stephane Houri
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 11/06/2019

A l’issue de notre conférence ODDO BHF Nextcap, 44 sociétés françaises et allemandes ont rencontré près de 100 investisseurs à Paris. Dans un marché des Small caps complexe (décollecte, liquidité limitée, valorisations encore élevées) et dans un environnement macroéconomique plus incertain, la sélectivité est primordiale et quelques opportunités se dessinent. Nous compilons dans ce document 35 feedbacks, qui donnent lieu à 6 révisions d’objectifs de cours : i/ 3 à la hausse (Esker, EC...

Antoine Boivin-Champeaux ...
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Pierre Corby
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 11/06/2019

...

Antoine Boivin-Champeaux ...
  • Charles Lepetitpas
  • Geoffroy Michalet
  • Jean Sassus
  • Jean-François Granjon
  • Louis Boujard
  • Nicolas David
  • Philippe Ourpatian
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 21/05/2019

...

MTU AERO ENGINES HLDG.AG sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of MTU AERO ENGINES HLDG.AG (DE), active in the Aerospace industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date May 24, 2019, the closing price was EUR 196.10 and its target price was estimated at EUR 175.88.

MTU Aero Engines AG

MTU Aero Engines AG

MTU Aero Engines AG

MTU Aero Engines AG

Carole Braudeau

Accor : Credit Feedback – Oddo BHF Forum 10 and 11 January

Our annual Forum in Lyon brought together 263 companies, including 41% of foreign companies, nearly 545 investors (33% foreigners), almost 6,500 one-to-one meetings. - This document gathers a brief feedback from the bond issuers and CB underlying companies in attendance. - - - - >Investment Grade - Accorhotels, Aéroports de Paris, Arkema, Buzzi Unicem, Carmila, Coface, Easyjet, Edenred, Fresenius Medical Care, Grand City Properties, Icade, JCDecaux, Klépierre, Lanxess, MT...

Carole Braudeau

Accor : Feedback Crédit Forum des 10 et 11 janvier 2019

Notre Forum annuel Oddo BHF 2019 vient de se dérouler à Lyon : il a réuni 263 sociétés, dont 41% étrangères, près de 545 investisseurs (33% étrangers), soit près de 6 500 one-to-one. - Ce document synthétise nos feed-back concernant les émetteurs obligataires présents et sous-jacents d’obligations convertibles. - - - >Investment Grade - Accorhotels, Aéroports de Paris, Arkema, Buzzi Unicem, Carmila, Coface, Easyjet, Edenred, Fresenius Medical Care, Grand City Properties,...

MarketLine Department

Rolls-Royce Holdings Plc - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Rolls-Royce Holdings Plc - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments Marketline's Rolls-Royce Holdings Plc Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Rolls-Royce Holdings Plc since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organ...

Strategic Defence Intelligence Department

MTU Aero Engines Holdings AG : Aerospace and Defense - Company Profile, SWOT & Financial Analysis

Synopsis Strategic Defence Intelligence's "MTU Aero Engines Holdings AG : Aerospace and Defense - Company Profile, SWOT & Financial Analysis" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major products and services, SWOT analysis, business description, company history, financial analysis, mergers & acquisitions, recent developments, key employees, company locations and subsidiaries as well as competitive benchmarking data. Summary This report is a crucial resource for industry executives and anyone looking t...

MTU Aero Engines April 11th, 2019

General: MTU Aero Engines is Germany’s leading engine manufacturer, with core competencies in low-pressure turbines, high-pressure compressors, turbine center frames, manufacturing processes and repair techniques. The Company plays a key role in the new engine market through its partnership in many international development, manufacturing and sales programmes, to which it contributes its high-tech components. One third of the global fleet of passenger airliners relies on components supplied by MTU Aero Engines. The Company is also one of the world’s top 5 providers of maintenance services for ...

MTU Aero Engines – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Bottoms-up view on developed int'l, part two Big Picture: Our outlook remains neutral on the MSCI ACWI ex-U.S. index (when priced in local currency) while horizontal consolidation continues. On the other hand, we are negative on broad global ex-U.S. markets when priced in USD... see charts below. In today's report we take a bottoms-up approach to developed ex-U.S. equities, highlighting stocks that present attractive buy opportunities at current levels. Specifically we present actionable stocks within the Communications, Health Care, Manufacturing, Materials, Technology, Transportation, and U...

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