Feb 19 (Reuters) - German engine manufacturer MTU Aero
Engines on Wednesday raised its guidance for 2025
based on a lower assumed exchange rate of the euro versus the
U.S. dollar, as it topped market expectations for 2024 revenue.
Stronger U.S. dollar benefits the Airbus and Boeing ( BA )
supplier as it books most of its orders in dollars.
MTU, which also makes the engine for the Eurofighter
Typhoon, forecast revenue of between 8.7 billion and 8.9 billion
euros ($9.10 billion and $9.31 billion) for 2025, up from a
previous range of 8.3 billion to 8.5 billion euros.
It also expects its adjusted operating profit to grow in a
mid-teens percentage range, compared with the earlier range of
low to mid-teens.
The company said the outlook was now based on an exchange
rate of 1.05 euros to 1 dollar, instead of the previously
assumed rate of 1.10.
MTU reported an 18% rise in its annual adjusted revenue to
7.5 billion euros in 2024, beating analysts' average forecast of
7.4 billion euros in a company-provided consensus.
It said all business areas should contribute to further
revenue growth in 2025.
($1 = 0.9564 euros)