MTU Aero Engines Holding AG (MTX), a German aircraft-engine maker, today said sales will rise by about 5 percent next year, while profitability will remain unchanged from this year.
Adjusted earnings before interest and taxes will amount to between 11 percent and 12 percent of sales in 2013, MTU said in its annual report published today, the same level it expects for this year. The Munich-based company earned an adjusted Ebit of 328 million euros ($431 million) last year for a margin of 11.2 percent.
The company in the report reiterated sales will rise in the “mid single-digit range´´ this year, with adjusted Ebit rising by between 8 percent and 10 percent. MTU had sales of 2.93 billion euros last year, and plans to more than double that to 6 billion euros by 2020.
To contact the reporter on this story: Richard Weiss in Frankfurt at email@example.com
To contact the editor responsible for this story: Benedikt Kammel at firstname.lastname@example.org