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MTU Aero Engines AG (MTXGn.DE)

MTXGn.DE on Xetra

138.35EUR
6:53pm IST
Change (% chg)

€-8.50 (-5.79%)
Prev Close
€146.85
Open
€147.10
Day's High
€147.80
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€129.55
Volume
619,832
Avg. Vol
551,095
52-wk High
€289.30
52-wk Low
€97.76

Latest Key Developments (Source: Significant Developments)

MTU Aero Engines Supervisory Board Extends Contract For Michael Schreyoegg
Thursday, 9 Jul 2020 

July 9 (Reuters) - MTU Aero Engines AG ::MTU AERO ENGINES AG: SUPERVISORY BOARD EXTENDS CONTRACT FOR MICHAEL SCHREYOEGG.  Full Article

IG Metall On Airbus Job Cuts: Optimistic German Short-Time Work Scheme Will Be Extended
Wednesday, 8 Jul 2020 

July 8 (Reuters) - IG Metall Union Official Says::ON AIRBUS JOB CUTS, WE ARE OPTIMISTIC THAT GERMAN SHORT-TIME WORK SCHEME WILL BE EXTENDED IN AUTUMN.WE ARE PREPARED TO DISCUSS WITH AIRBUS COLLECTIVE REDUCTION OF WORKING HOURS.  Full Article

MTU Aero Engines Places Corporate Bonds For EUR 500 Million
Wednesday, 24 Jun 2020 

June 24 (Reuters) - MTU AERO ENGINES AG ::SUCCESSFULLY PLACES CORPORATE BONDS.SUCCESSFULLY PLACED A CORPORATE BOND WITH A TOTAL NOMINAL VALUE OF € 500 MILLION ON THE CAPITAL MARKET TODAY.BOND HAS A TERM OF FIVE YEARS UNTIL JULY 1, 2025. THE INTEREST RATE IS 3.0% P.A. THE PROCEEDS FROM THE ISSUE SERVE GENERAL CORPORATE PURPOSES AS WELL AS THE REFINANCING OF EXISTING FINANCIAL LIABILITIES.  Full Article

MTU Aero Engines To Hold Virtual AGM On August 5, 2020
Wednesday, 17 Jun 2020 

June 17 (Reuters) - MTU AERO ENGINES AG ::KLAUS EBERHARDT TO CONTINUE AS CHAIRMAN OF THE SUPERVISORY BOARD OF MTU AERO ENGINES AG.ANNUAL GENERAL MEETING OF MTU AERO ENGINES AG WILL BE HELD VIRTUALLY ON AUGUST 5, 2020.RE-ELECTION OF EBERHARDT IS NOT NECESSARY, SINCE HIS SUPERVISORY BOARD MANDATE LASTS UNTIL 2023..  Full Article

Klaus Eberhardt To Remain MTU Aero Engines Chairman - Manager Magazin
Thursday, 28 May 2020 

May 28 (Reuters) - Manager Magazin::KLAUS EBERHARDT TO REMAIN MTU AERO ENGINES CHAIRMAN .  Full Article

MTU Aero Engines MTU Maintenance And Aerologic Extend Exclusive GE90-110B Contract
Thursday, 14 May 2020 

May 14 (Reuters) - MTU AERO ENGINES AG ::MTU MAINTENANCE AND AEROLOGIC EXTEND EXCLUSIVE GE90-110B CONTRACT.RENEWED CONTRACT BY A FURTHER TWELVE YEARS.  Full Article

MTU Aero Engines Plans Gradual Restart Of Operations
Tuesday, 14 Apr 2020 

April 14 (Reuters) - MTU AERO ENGINES AG ::PLANS GRADUAL RESTART OF OPERATIONS.CAPACITIES WILL BE INCREASED ACCORDING TO DEMAND AND SITUATION IN SUPPLY CHAIN.EXTENSIVE MEASURES HAVE BEEN PREPARED TO PROTECT EMPLOYEES' HEALTH.FROM APRIL 20, AROUND 20 PERCENT OF EMPLOYEES WILL ALREADY BE WORKING.CAPACITY ADJUSTMENT MEASURES, WHICH MAY INCLUDE SHORT-TIME WORKING, ARE STILL BEING DETERMINED.  Full Article

MTU Aero Engines Withdraws 2020 Guidance
Thursday, 26 Mar 2020 

March 26 (Reuters) - MTU AERO ENGINES AG ::MTU AERO ENGINES AG WITHDRAWS GUIDANCE 2020.DECISION IS BASED ON ASSESSMENT OF MARKET SCENARIOS PRESENTLY DEEMED LIKELY, AND ON A CATALOGUE OF EXPENDITURE REDUCTION MEASURES.REVENUES AND ADJUSTED EBIT FOR FINANCIAL YEAR 2020 ARE EXPECTED NOT TO GROW WITH A HIGH SINGLE DIGIT PERCENTAGE AS FORECAST.CASH CONVERSION RATE, EXPRESSING RATIO OF FREE CASHFLOW TO NET INCOME ADJUSTED, IS ALSO LIKELY NOT TO REACH FORECAST 70 PERCENT IN 2020.DUE TO DYNAMIC OF DEVELOPMENTS IN CONTEXT OF COVID-19 A SPECIFICATION OF EXPECTATIONS CAN BE MADE ONLY AT A LATER POINT IN TIME.  Full Article

MTU Aero Engines Suspends Operations At Several Facilities Over Virus
Monday, 23 Mar 2020 

March 23 (Reuters) - MTU Aero Engines AG ::MTU AERO ENGINES AG SUSPENDS OPERATIONS AT SEVERAL FACILITIES.TEMPORARY SUSPENSION WILL FIRST AFFECT MTU’S MANUFACTURING FACILITIES IN MUNICH, GERMANY, AND RZESZÓW, POLAND, WHERE ENGINES ARE ASSEMBLED OR ENGINE COMPONENTS MANUFACTURED.OPERATIONS ARE EXPECTED TO BE SUSPENDED FOR THREE WEEKS FROM MONDAY, MARCH 30.COMPANY WILL SUSPEND OPERATIONS AT ITS ENGINE MAINTENANCE, REPAIR AND OVERHAUL (MRO) FACILITIES IN HANNOVER AND LUDWIGSFELDE, NEAR BERLIN.  Full Article

MTU Aero Engines Extends Contracts Of Peter Kameritsch And Lars Wagner
Tuesday, 17 Mar 2020 

March 17 (Reuters) - MTU Aero Engines AG ::MTU AERO ENGINES AG - SUPERVISORY BOARD OF MTU AERO ENGINES RESOLVES TO EXTEND CONTRACTS OF PETER KAMERITSCH AND LARS WAGNER.MTU AERO ENGINES AG - CONTRACTS EXTENDED BY FIVE YEARS THROUGH DECEMBER 2025.  Full Article

CORRECTED-Aircraft engine maker MTU posts 73.9% drop in Q2 net income

BERLIN, Aug 3 German aircraft engine maker MTU Aero Engines on Monday reported a 73.9% drop in second-quarter adjusted net income and a 30.2% fall in revenue citing the impact of the coronavirus pandemic.