German engine manufacturer and MRO provider MTU Aero Engines is sticking with its projected 2025 financial results, despite anticipating increased costs resulting from the Trump administration’s import tariffs.
The company has reported strong Q1 results, with a 25% increase in revenue and an adjusted operating profit up 38%.
Adjusted net income increased by 41%, reaching EUR 221 million compared to EUR 158 million in Q1 2024.
The company’s commercial MRO sector saw the largest growth, with revenue up 33% to EUR 1.5 billion, driven by demand for engines such as the Pratt & Whitney PW1100G-JM, for which MTU provides multiple components.
Adjusted revenue in the commercial engine business increased by 17% to EUR 507 million, and the company’s order backlog reached EUR 27.7 billion at the end of March.
Lars Wagner, CEO, said the company remained “very much on track” for its previously published 2025 guidance and said it was “taking appropriate steps” to minimise the potential impact of US import duty volatility.
“U.S. customs policy is highly volatile at the moment, and its potential impact on the global aviation industry is hard to predict right now. At present, without any mitigation action, we expect that MTU could face costs in the mid- to high-double-digit million euro range. With the aim of minimising these costs, we are, of course, taking appropriate steps in our global network of companies in close coordination with our partners,” he said.
Photos: MTU Aero Engines
An MTU technician working on the Geared Turbofan programme.
