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MTU Aero Engines MTU Aero Engines gives more precise guidance in the wake of stable nine - month figures ● Revenue forecast to be between € 4.3 and € 4.4 billion in 2021 ● Adjusted EBIT margin expected to be around 10.5 % CCR should be in the high double - digit percentage range Munich , October 29 , 2021 - In the first nine months of 2021 , MTU Aero Engines AG generated stable revenue and earnings . Revenue was € 3,008 million , compared with € 2,957 million in the first nine months of 2020. The operating profit¹ was € 307 million ; in the prior - year period it was € 311 million . The adjusted EBIT margin was 10.2 % ( 1-9 / 2020 : 10.5 % ) . Net income² was almost unchanged year - on year at € 220 million ( 1-9 / 2020 : € 219 million ) . Quarterly Statement " We managed to deliver stable earnings in persistently volatile market conditions . On this basis , we can now give more precise guidance for the full year , " said Reiner Winkler , CEO of MTU Aero Engines AG . " We now assume that revenue will be between € 4.3 and € 4.4 billion at year - end . The adjusted EBIT margin should be around 10.5 % , which the upper end of the range forecast to date . " In its guidance at the end of July , MTU gave a slightly broader range of € 4.3 to € 4.5 billion for revenue and predicted an adjusted EBIT margin of between 10 % and 10.5 % . The company expects adjusted net income to develop in line with the operating profit . In the first nine months , revenue was affected by the U.S. dollar exchange rate . CFO Peter Kameritsch : " There was some headwind from the exchange rate . In dollars , revenue grew by 8 % in the first nine months . " In euros , MTU registered higher revenue from both commercial maintenance and the military business in the first nine months of 2021 . In the commercial maintenance business , revenue rose by 8 % to € 2.010 million ( 1-9 / 2020 : € 1,866 million ) . " As in the previous quarters , the commercial maintenance mix was around 60 % MRO for our core business and 40 % maintenance on the Geared TurbofanTM , " said Winkler . The most important revenue drivers in the commercial maintenance business were the PW1100G - JM , which is used in the A320neo , and the V2500 for the classic A320 aircraft family . Winkler : " In the third quarter , some engine programs had slightly lower MRO content than expected . This affects the figures for the full year : The revenue from the commercial maintenance business is expected to grow in the mid - teen percentage range in 2021. " After the first six months , MTU had assumed that revenue from the commercial MRO business would rise by between 15 % and 20 % . 1 Adjusted EBIT = adjusted earnings before interest and taxes , calculated on a comparable basis ² Adjusted net income = adjusted income after income taxes , calculated on a comparable basis MTU Aero Engines AG Investor Relations Dachauer Strasse 665 80995 Munich Germany Phone Fax +49 ( 0 ) 89 14 89-95 139 www.mtu.de +49 ( 0 ) 89 14 89-47 87