Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MTU AERO ENGINES AG

(MTX)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 01/20 02:41:34 am
198.2 EUR   +0.08%
01/19MTU AERO ENGINES AG : Sell rating from Morgan Stanley
MD
01/19MTU AERO ENGINES AG : Goldman Sachs sticks Neutral
MD
01/19MTU AERO ENGINES AG : UBS gives a Buy rating
MD
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

MTU Maintenance Lease Services B.V. now a full MTU subsidiary

11/08/2021 | 10:06am EST

Amsterdam - MTU Aero Engines AG (MTU) has purchased a 20 percent share of MTU Maintenance Lease Services B.V. (MLS) from Sumitomo Corporation, making the company from Amsterdam a 100 percent subsidiary of MTU.

MTU has also sold its 10 percent share in SMBC Aero Engine Lease B.V. to Sumitomo Corporation. Both companies will continue to maintain their close collaboration.

The move will unlock the full potential of synergies within the MTU group and more focussed support of MTU's engine maintenance, repair and overhaul customers with their spare engine and material needs. It will also ensure continued used serviceable material supply for MTU's network of maintenance facilities. Further, MLS is specialized in leasing, asset management and technical consulting and will continue to develop its portfolio according to market and customer needs.

'We look forward to further optimizing our business as a 100 percent subsidiary within the MTU group. It provides a solid foundation for our future growth strategy,' says Patrick Biebel, Managing Director of MLS. 'Our lease and material support services complement the MTU Maintenance MRO portfolio and enable complete service solutions to be offered to customers. Furthermore, MLS will expand its asset management services, such as managed leases and material consignments for the lessor community.'

Founded in 2014, MLS has grown into an established engine leasing and asset management player. The company has a staff of over 40 employees and plans to double turnover in the coming four years. Alongside representative offices in Atlanta, USA, and Dublin, Ireland, the company has made a further commitment to its regional presence in Asia, having transformed its representative office into a full legal entity in Singapore, MTU Maintenance Singapore Pte. Ltd. MLS deals in engines that mirror the MTU Maintenance engine MRO portfolio, including the popular CF34, CF6-80C2, CFM56, GE90, PW2000 and V2500 engines.

Contact

Victoria Nicholls

Senior Manager Communication and Newsroom

Phone: +49 (0)89 1489 2698

Cell: +49 (0)171 375 5447

victoria.nicholls@mtu.de

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
MTU AERO ENGINES AG 0.15% 198.05 Delayed Quote.10.40%
SUMITOMO CORPORATION 0.72% 1746.5 Delayed Quote.1.97%
All news about MTU AERO ENGINES AG
01/19MTU AERO ENGINES AG : Sell rating from Morgan Stanley
MD
01/19MTU AERO ENGINES AG : Goldman Sachs sticks Neutral
MD
01/19MTU AERO ENGINES AG : UBS gives a Buy rating
MD
01/14CSL Capital Management Announces The Formation Of Kanaci Technologies, Integrating The ..
AQ
01/05MTU AERO ENGINES AG : Receives a Buy rating from JP Morgan
MD
2021MTU AERO ENGINES : Gordon Riske to chair Supervisory Board of MTU Aero Engines AG
PU
2021MTU AERO ENGINES AG : Upgraded to Buy by UBS
MD
2021MTU AERO ENGINES AG : JP Morgan raises its recommendation to Buy
MD
2021MTU AERO ENGINES AG : Goldman Sachs gives a Neutral rating
MD
2021MTU AERO ENGINES AG : Preliminary announcement of the publication of quarterly reports and..
EQ
More news
Analyst Recommendations on MTU AERO ENGINES AG
More recommendations
Financials
Sales 2021 4 374 M 4 965 M 4 965 M
Net income 2021 289 M 328 M 328 M
Net Debt 2021 700 M 794 M 794 M
P/E ratio 2021 37,1x
Yield 2021 1,02%
Capitalization 10 560 M 11 985 M 11 986 M
EV / Sales 2021 2,57x
EV / Sales 2022 2,15x
Nbr of Employees 10 210
Free-Float 89,8%
Chart MTU AERO ENGINES AG
Duration : Period :
MTU Aero Engines AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MTU AERO ENGINES AG
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 198,05 €
Average target price 211,85 €
Spread / Average Target 6,97%
EPS Revisions
Managers and Directors
Reiner Winkler Chief Executive Officer
Peter Kameritsch Chief Financial & Information Officer
Klaus Eberhardt Chairman-Supervisory Board
Lars Wagner Executive Vice President-OEM Operations
Thomas Dautl Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
MTU AERO ENGINES AG10.40%11 985
SAFRAN4.20%54 127
TRANSDIGM GROUP INCORPORATED-0.95%34 848
AECC AVIATION POWER CO.,LTD-18.06%22 552
HEICO CORPORATION2.62%18 212
HOWMET AEROSPACE INC.6.28%14 662