MTU Earnings: GTF MRO Drives Revenue Ahead of Profit as Cash Conversion Accelerates
MTU’s first-half revenue rose 13% to EUR 4.7 billion, led by MRO, while adjusted EBIT increased 5% to EUR 692 million and margin fell 110 basis points to 14.8%. Free cash flow rose 39% to EUR 294 million, driving a 2026 cash-conversion upgrade to 50%-60%.