MTU Aero Engines (MTX) AGM 2026 summary

Opening remarks and agenda

• The meeting was the first in-person AGM since 2019, welcoming new Executive Board members and providing simultaneous English interpretation.

• Formalities included recording procedures, attendance registration, and proxy voting options for shareholders.

• The agenda was published in the Federal Gazette and sent to registered shareholders; no countermotions were received.

• Shareholders were informed about voting procedures and the opportunity for general debate and Q&A.

Operational and financial performance

• Revenue and earnings for 2025 exceeded forecasts, with adjusted revenue up 16%, EBIT up 29%, and net income up 27%.

• Free cash flow doubled in 2025, reflecting strong operational performance.

• Commercial, military, and maintenance businesses all contributed to performance, with maintenance making MTU the number two worldwide.

• The company is targeting adjusted revenue of EUR 9.2–9.7 billion and adjusted EBIT of EUR 1.35–1.45 billion for 2026.

• Medium-term outlook projects revenue of EUR 13–14 billion and EBIT margin of 14.5–15.5% by 2030.

Strategic initiatives and market outlook

• Continued investment in automation, international expansion, and digitalization, including new facilities in Texas, China, and Poland.

• Expansion into drone propulsion systems and electric propulsion, aiming to power a broad spectrum of drones and helicopters.

• Focus on sustainable aviation, including enhancements to the GTF engine and development of hydrogen-powered propulsion systems.

• GTF engine recall progressing, with resolution expected by early 2027; GTF has carried 1.7 billion passengers and saved 10.6 billion liters of fuel since 2016.

• Military business secured with new Eurofighter orders, ensuring production into the 2030s.