MTU Aero Engines AG

MTX: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€317.00	Nrfp	Lykwxldw

MTU Earnings: Outlook Unchanged Amid Engine Inspection Challenges

Loredana Muharremi

Jul 26, 2023

Wide-moat MTU Aero Engines confirmed full-year guidance despite headwinds related to new issues with the performance of geared turbofan engines. We maintain our fair value estimate on the back of management's preliminary assessment that these new issues will have a limited impact on EBIT and cash flow, but we have growing concerns about reputational costs affecting future share on Airbus' A320neo.

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