MTU Aero Engines AG

MTX: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€789.00	Qlqj	Kxmklhqdl

MTU Earnings: Strong Results in Line With Our Expectations, and Dividend Cut; Maintain Fair Value

Loredana Muharremi

Mar 12, 2024

Wide-moat MTU Aero Engines reported another year of record results and confirmed midterm guidance, although it has cut dividends in the short term to account for the headwinds related to its geared turbofan engines. We maintain our fair value estimate, as we expect that these new GTF issues will have a limited impact on EBIT and cash flow.

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