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MarketScreener Homepage  >  Equities  >  Xetra  >  MTU Aero Engines AG    MTX   DE000A0D9PT0

MTU AERO ENGINES AG

(MTX)
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MTU Aero Engines : , China Southern Airlines Joint-Venture to Build Additional Site

11/24/2020 | 07:56am EST

By Kim Richters

MTU Aero Engines AG on Tuesday said that its MTU Maintenance Zhuhai joint-venture with China Southern Airlines Co. is setting up an additional location in the Jinwan district of the Chinese city Zhuhai.

The facility, which is expected to have around 600 employees, will focus on Pratt & Whitney narrowbody engines and is expected to start operations in 2024, it said.

"We have made the decision to invest in an additional facility as we are confident of continued recovery in the Asian region and increasing growth and demand for narrowbody engine services moving forward," the German aircraft-engine maker's Chief Program Officer Michael Schreyoegg said.

Write to Kim Richters at kim.richters@wsj.com

(END) Dow Jones Newswires

11-24-20 0755ET

Stocks mentioned in the article
ChangeLast1st jan.
CHINA SOUTHERN AIRLINES COMPANY LIMITED -4.33% 4.2 End-of-day quote.-9.09%
MTU AERO ENGINES AG -1.39% 205.1 Delayed Quote.-3.89%
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More news
Financials
Sales 2020 4 033 M 4 908 M 4 908 M
Net income 2020 217 M 264 M 264 M
Net Debt 2020 876 M 1 066 M 1 066 M
P/E ratio 2020 50,7x
Yield 2020 0,74%
Capitalization 10 879 M 13 243 M 13 238 M
EV / Sales 2020 2,91x
EV / Sales 2021 2,61x
Nbr of Employees 10 660
Free-Float 85,1%
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Technical analysis trends MTU AERO ENGINES AG
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 185,30 €
Last Close Price 205,10 €
Spread / Highest target 41,0%
Spread / Average Target -9,66%
Spread / Lowest Target -46,9%
EPS Revisions
Managers and Directors
NameTitle
Reiner Winkler Chief Executive Officer
Klaus Eberhardt Chairman-Supervisory Board
Lars Wagner Chief Operating Officer
Peter Kameritsch Chief Financial & Information Officer
Thomas Dautl Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
MTU AERO ENGINES AG-3.89%13 243
SAFRAN-4.66%57 445
TRANSDIGM GROUP INC.-6.86%31 377
AVIATION INDUSTRY CORPORATION OF CHINA, LTD.27.16%31 038
HEICO CORPORATION-2.79%16 184
AVIC AIRCRAFT CO., LTD.-3.27%15 156