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

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 ...

Alain William ...
  • Alexandre Iatrides
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Christophe Chaput
  • Florent Laroche-Joubert
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Olfa Taamallah
  • Philippe Ourpatian
  • Rémi Adam
  • Roland Pfaender
  • Steven Gould
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/21/2019

...

Antoine Boivin-Champeaux ...
  • Olfa Taamallah

MTU Aero Engines : Earnings as expected and the tone is still confident

>Slight disappointment on FCF and 2019 guidance as expected - MTU yesterday reported its FY2018 figures which showed EBITA slightly better than the consensus at € 671m (consensus: € 665m), up 17%, with a flat margin at 14.7%. This performance was driven by: i/ an increase of 30% in new deliveries (GTF ramp-up), including 40% in Q4; ii/ low-teens organic growth in sales of spares thanks to a good showing from the V2500 and mature engines (CF6 and PW2000); and iii/ cont...

Alain William ...
  • Alexandre Iatrides
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Christophe Chaput
  • Florent Laroche-Joubert
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Olfa Taamallah
  • Philippe Ourpatian
  • Rémi Adam
  • Roland Pfaender
  • Steven Gould
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 21/02/2019

...

Antoine Boivin-Champeaux ...
  • Olfa Taamallah

MTU Aero Engines : Une publication sans surprise et un ton qui reste confiant

>Légère déception sur le FCF et guidance 2019 sans surprise - MTU a publié hier son FY2018 qui fait ressortir un EBITA légèrement au-dessus du consensus à 671 M€ (Cons : 665 M€), en hausse de 17%, avec une marge stable à 14.7%. Cette performance s’explique par i/ une hausse de 30% des livraisons neuves (ramp up du GTF) dont +40% sur le T4; ii/ une croissance organique des ventes de pièces détachées "low-teens" tirée par une bonne performance du V2500 et des moteurs ma...

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

Antoine Boivin-Champeaux ...
  • Olfa Taamallah

MTU Aero Engines : Earnings as expected and the tone is still confident

>Slight disappointment on FCF and 2019 guidance as expected - MTU yesterday reported its FY2018 figures which showed EBITA slightly better than the consensus at € 671m (consensus: € 665m), up 17%, with a flat margin at 14.7%. This performance was driven by: i/ an increase of 30% in new deliveries (GTF ramp-up), including 40% in Q4; ii/ low-teens organic growth in sales of spares thanks to a good showing from the V2500 and mature engines (CF6 and PW2000); and iii/ cont...

Antoine Boivin-Champeaux ...
  • Olfa Taamallah

MTU Aero Engines : Une publication sans surprise et un ton qui reste confiant

>Légère déception sur le FCF et guidance 2019 sans surprise - MTU a publié hier son FY2018 qui fait ressortir un EBITA légèrement au-dessus du consensus à 671 M€ (Cons : 665 M€), en hausse de 17%, avec une marge stable à 14.7%. Cette performance s’explique par i/ une hausse de 30% des livraisons neuves (ramp up du GTF) dont +40% sur le T4; ii/ une croissance organique des ventes de pièces détachées "low-teens" tirée par une bonne performance du V2500 et des moteurs ma...

Sylvain Goyon

Carrefour : Lancement de notre liste Oddo Convictions Large Cap

Nous lançons notre liste de convictions Large Cap. Nous la plaçons sous le signe de la qualité, en privilégiant si possible les structures bilancielles peu endettées, et de la visibilité. Par visibilité, nous entendons la capacité à défendre la génération de free cash-flow, que ce soit par le biais d’un positionnement concurrentiel fort (pricing power) et/ou via l’existence de programmes de rationalisation/ optimisation portés par un management disposant d’un track record éprouvé...

Antoine Boivin-Champeaux ...
  • Olfa Taamallah

MTU Aero Engines : Heightened visibility

>Tone particularly confident - On Friday, MTU held its CMD in London. We found the tone particularly confident, which can be justified by the following factors. 1/ Normalisation in the execution of GTF and a gradual improvement in the learning curve: while management refrained from providing a quantified target for deliveries in 2019 and a timeframe for breakeven being reached, it seemed confident to us about the ramp-up of GTF. This is in light of the good visib...

Antoine Boivin-Champeaux ...
  • Olfa Taamallah

MTU Aero Engines : Une visibilité accrue

>Un ton particulièrement confiant - MTU a tenu vendredi dernier son CMD à Londres. Nous avons trouvé le ton particulièrement confiant qui trouve justification dans les éléments suivants. 1/ Une normalisation de l’exécution du GTF et une amélioration progressive de la courbe d’apprentissage : si le management s’est abstenu de donner un objectif chiffré de livraisons sur 2019 et un horizon pour l’atteinte du point mort, il nous a paru confiant sur le ramp up du GTF...

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...

Alain William ...
  • Alexandre Iatrides
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Christophe Chaput
  • Florent Laroche-Joubert
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Olfa Taamallah
  • Philippe Ourpatian
  • Rémi Adam
  • Roland Pfaender
  • Steven Gould
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/21/2019

...

Alain William ...
  • Alexandre Iatrides
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Christophe Chaput
  • Florent Laroche-Joubert
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Olfa Taamallah
  • Philippe Ourpatian
  • Rémi Adam
  • Roland Pfaender
  • Steven Gould
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 21/02/2019

...

Antoine Boivin-Champeaux ...
  • Bruno Cavalier
  • Jerôme Bodin
  • Martial Descoutures
  • Olfa Taamallah
  • Pierre Corby
  • Roland Pfaender
  • Stephane Houri
  • Sven Edelfelt
  • Veysel Taze
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 12/03/2018

...

Antoine Boivin-Champeaux ...
  • Bruno Cavalier
  • Jerôme Bodin
  • Martial Descoutures
  • Olfa Taamallah
  • Pierre Corby
  • Roland Pfaender
  • Stephane Houri
  • Sven Edelfelt
  • Veysel Taze
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 03/12/2018

...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Léopold Authié
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Olivier Lebrun
  • Pierre Tegner
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Sven Edelfelt
  • Team Pharma
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/26/2018

...

MTU Aero Engines AG

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...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch