MTU Aero Engines (MTX) CMD 2025 summary

Management and Strategic Initiatives

• Leadership transition is underway, with new CFO and CEO onboarding and full integration expected within weeks.

• The UPLIFT Growth Transformation Program is streamlining and digitalizing processes for scalable growth and international expansion.

• Emphasis on integrating new management before confirming midterm guidance and maintaining a commitment to safety, responsibility, and sustainability.

Market Environment and Business Drivers

• Commercial aircraft in service projected to grow from 28,000 to 51,000 over 20 years, with narrow-body fleet leading at 3.5% CAGR.

• Robust air traffic and aircraft demand, with older aircraft flying longer due to OEM delivery delays, benefiting aftermarket and MRO.

• European defense spending is surging, with significant new budgets and increased demand for military engines and programs.

• MTU's engine fleet is projected to outpace global fleet growth, driven by strong commercial and military demand.

Technology, Sustainability, and Innovation

• GTF Advantage engine certified and set for service entry end of 2025/early 2026, with next-gen GTF development targeting 2035+.

• Flying Fuel Cell demonstrator progressing, with multi-megawatt demonstration and flight proof of concept targeted by 2030.

• New target to cut Scope 1 and 2 emissions by 60% by 2034/35, with Scope 3 baseline in development and support for sustainable aviation fuels and hydrogen technologies.