The past year turned out better for the engine manufacturer MTU than originally thought. Despite the ongoing effects of the CoV pandemic, operating profit adjusted for special effects rose by 13 percent compared to the previous year to 468 million euros (2020: 416 million euros).

In the end, the expectations were exceeded, as aero.de reports. The surplus grew accordingly by 57 percent to 231 million euros, after job cuts and the delay of Boeing's 777X wide-body jet had burdened the result in the previous year. Sales, on the other hand, increased by only 5 percent to just under 4,2 billion euros, falling short of the Management Board's forecast and the expectations of industry experts. In the engine business as well as in maintenance, the proceeds were somewhat lower than expected, explained CEO Reiner Winkler. For the new year, the MTU management continues to expect an increase in sales to between 5,2 and 5,4 billion euros. Adjusted operating profit is expected to increase by a mid-twenties percentage.