After a historic loss in 2023, MTU Aero Engines has recorded a significant recovery in 2024. Despite financial burdens due to the recall of thousands of GTF engines, the Munich-based engine manufacturer was able to achieve its financial targets. According to analysts, sales are expected to reach 7,4 billion euros, which is within the range forecast by the Executive Board. Adjusted operating profit (EBIT) is expected to be 1,03 billion euros, which would exceed the one billion euro mark for the first time.
For 2025, MTU plans to increase sales to between 8,3 and 8,5 billion euros. Adjusted operating profit is expected to increase by a low to mid double-digit percentage. These forecasts reflect the company's confidence in continued positive business development.
Significant changes are coming to the management level: CEO Lars Wagner has announced that he will not renew his contract, which runs until December 31, 2025, in order to take on a new professional challenge from 2026. According to reports, Wagner will take over the management of the commercial aircraft division at Airbus. His successor at MTU will be Johannes Bussmann, who previously served as CEO of Lufthansa Technik. In addition, CFO Peter Kameritsch will give up his post and devote himself more to supervisory board mandates in the future. From mid-2025, Katja Garcia Vila, former CFO of the automotive supplier Continental, will take over as head of MTU finances.
These personnel changes come at a time when MTU is strengthening its market position and preparing for future growth. The combination of solid financial performance and strategic leadership changes should set the course for a successful future for the company.
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