MUNICH (dpa-AFX) - The recovery of the aviation industry from the pandemic has again brought strong growth to engine manufacturer MTU in the second quarter. Thanks to strong demand for new engines, spare parts and maintenance, revenues jumped 20 percent year-on-year to 1.55 billion euros, the DAX-listed group announced in Munich on Wednesday. Operating profit adjusted for special items (adjusted EBIT) rose 21 percent to 193 million euros, roughly meeting analysts' average expectations. Net income even increased by 85 percent to 122 million euros, after MTU had booked a multi-million euro exceptional charge a year earlier due to a dashed order hope.

"The recovery of our industry continues in terms of aircraft movements and order situation," said CEO Lars Wagner. He therefore believes the engine manufacturer is well on the way to achieving its targets for 2023. Since mid-June, for example, the manager has been firmly anticipating a record result in day-to-day business: Adjusted operating profit is expected to rise to just over 800 million euros, surpassing the previous high of 757 million set in 2019./stw/mis