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MTU Aero Engines hikes 2025 outlook on stronger US dollar after sales beat
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MTU Aero Engines hikes 2025 outlook on stronger US dollar after sales beat
Feb 19, 2025 12:08 AM

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)

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