MTU third-quarter operating profit tops €1bn on commercial MRO surge
German propulsion specialist also recorded higher adjusted revenue during the nine-month period.
MTU Aero Engines has passed €1 billion in nine-month operating profit for the first time, driven by strong growth across commercial maintenance and military programmes.
Disclosing its third-quarter performance on 29 October, MTU revealed a 5% increase in adjusted operating profit, to €1.04 billion ($1.16 billion), up from €995 million in the same period of 2025.
Adjusted revenue for the first nine months rose 13% to €7.12 billion, compared with €6.28 billion a year earlier, supported by robust demand across commercial maintenance and military engine activities. Adjusted net income gained 4% to reach €751 million.
“MTU has put in yet another strong performance, and remains on its successful trajectory,” says chief executive Johannes Bussmann. “Demand for our products and services is consistently high, which is why we are now updating our revenue guidance.”
Commercial MRO activities proved the primary growth engine for the group, with revenues climbing 19% to €5.11 billion.
Work on Pratt & Whitney PW1000G-series geared turbofan (GTF) engines — a programme in which MTU is a risk and reward sharing partner — generated approximately 45% of commercial maintenance activity during the nine-month period.
High shop visit volumes and increased material content also contributed to the result. Adjusted operating profit for the commercial MRO business rose 15% to €408 million.
Expansion plans
MTU continues to expand its MRO footprint, recently breaking ground on a new 10,000m sq (100,000ft sq) extension at its Hannover maintenance site.
Commercial OEM revenue remained flat at €1.62 billion. However, spare parts sales grew in the mid-teens percentage range, driven by demand for the International Aero Engines V2500, PW1100G and Pratt & Whitney Canada business jet powerplants.
MTU’s military engine division achieved a 13% revenue rise to €472 million. Growth was led by work on the Eurojet EJ200 for the Eurofighter Typhoon and the Europrop International TP400-D6 powering the Airbus A400M military transport.
The company is also positioning itself for future defence work following the dissolution of its EUMET joint venture with Safran.
“We have also been expanding our expertise related to engines for the next generation of European combat aircraft,” says Bussmann.
“We want to continue contributing our expertise and experience in the future, helping us to remain a key partner in the area of military engines.”
Research and development expenditure across the group rose 8% year on year to €296 million, focusing on GTF performance enhancements, technology studies for future engine architectures, and fuel cell powertrain development.
On the back of the strong performance, and a more favourable US dollar/euro exchange rate, MTU has raised its full-year revenue guidance to the €9.5-9.7 billion range, up from €9.2-9.7 billion previously.
However, it has not revised its operating profit target, which remains at €1.35-1.45 billion.
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