MTU Aero Engines AG

MTX: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€197.00	Fxwj	Fcydvjzs

Lowering Our Fair Value Estimate for MTU Aero Engines To EUR 225 Due To Engine Inspection Issues

Loredana Muharremi

Sep 12, 2023

Business Strategy and Outlook

MTU Aero Engines, a leading engine component supplier and independent maintenance, repair, and overhaul provider, is well positioned to benefit from the narrow-body aircraft industry's long-term growth outlook. Despite COVID-19's impact on short- to medium-term demand, air travel has been resilient with a consistent recovery driven by leisure travel, demand for narrow-body aircraft, and China's reopening.

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