MTU Aero Engines Expects All Business Areas to Grow in 2023


By Cecilia Butini

MTU Aero Engines AG said Thursday that it expects all business areas to grow in 2023 as it set out guidance for the coming year.

The German engine manufacturer expects revenue to be between 6.4 billion euros ($6.65 billion) and EUR6.6 billion in 2023, and said it expects this to continue rising steadily to about EUR8 billion in 2025.

Adjusted earnings before interest, taxes, depreciation and amortization is seen increasing in the low twenty percent range in 2023 and continuing to rise in the following years, the company said.

“The growth we predict for 2023 should therefore continue in 2024 and 2025 with rising revenue and earnings,” Chief Executive Reiner Winkler said, as the company specified that it expects 2024 earnings to be higher than in 2019.

Write to Cecilia Butini at cecilia.butini@wsj.com



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