Revenue distribution by sectors:

• Civil engines: approx. 60%
• Military engines: approx. 20%
• Spare parts business: approx. 15%
• Other services: approx. 5%

TOP 3 markets:

1. USA: approx. 30%
2. Europe (including Germany): approx. 25%
3. Asia-Pacific: approx. 20%

MTU Aero Engines AG generates the majority of its revenue from the sale and maintenance of civil engines, accounting for about 60% of total revenue. The military sector also contributes significantly, followed by a stable spare parts business.

Geographically, the USA is the most important market for MTU, followed by Europe and the Asia-Pacific region. These markets are crucial for the company as they exhibit high demand for both new engines and maintenance services.

Production sites of MTU Aero Engines AG:

1. Germany:

   • Munich: Headquarters and largest production site.
   • Hanover: Focus on engine maintenance.
   • Ludwigsfelde near Berlin: Focus on maintenance and repair.

2. International:

   • Poland (Rzeszów): Production of engine components.
   • USA (Rocky Hill, Connecticut): Engine maintenance and repair.
   • Canada (Vancouver): Engine maintenance.
   • China (Zhuhai): Joint venture for maintenance and repair.

MTU Aero Engines AG is a leading manufacturer of aircraft engines and engine components. The company operates multiple production and maintenance sites worldwide to efficiently serve its global customer base. The sites in Germany specialize in manufacturing and maintenance, while international sites are often focused on specific markets or services.

Revenue Forecast: 5.8 billion euros (2025)

Focus on Sustainability: Investments in green technologies

Expansion of the Service Business: Increase in Aftermarket revenue

MTU Aero Engines AG pursues a strategy that is strongly focused on sustainability and technological innovation. The company invests significantly in the development of lower-emission and more efficient engines to meet the increasing demands of the aviation industry for more environmentally friendly solutions. These investments are intended not only to reduce the ecological footprint but also to strengthen the company's competitiveness.

Another focus is on expanding the service business, particularly in the Aftermarket segment. By expanding maintenance, repair, and overhaul services (MRO), MTU plans to diversify its revenue and generate stable, recurring income. This strategy is intended to make the company more resilient to economic fluctuations.

In addition, MTU relies on strategic partnerships and collaborations with other companies in the aviation industry to accelerate technological advancements and secure market share. This includes both joint ventures and research collaborations aimed at enhancing the company's innovation capabilities.

Main raw materials: Nickel, Titanium, Aluminum
Main supplying countries: USA, Canada, Russia, China

MTU Aero Engines AG imports a variety of raw materials essential for the production of aircraft engines. The most important materials include nickel, titanium, and aluminum, which are widely used in the aviation industry due to their high strength and corrosion resistance.

Nickel and titanium are mainly imported from the USA and Canada, as these countries have large deposits and a well-developed metal processing industry. Aluminum is also sourced from these countries, as well as from Russia, which is one of the largest aluminum producers globally.

China plays a significant role as a supplier of rare earths and special alloys needed in engine production. The dependence on these countries reflects the global supply chain that MTU Aero Engines AG utilizes to ensure its production capacities.

Market share in the engine industry: Approximately 10% (2023)
R&D expenses: 5.5% of revenue (2023)
EBIT margin: 10.2% (2023)

MTU Aero Engines AG has a significant competitive advantage in the engine industry, which is composed of several factors. Firstly, the company is one of the leading providers of aircraft engines and maintains a stable market share of about 10%.

Secondly, MTU Aero Engines continuously invests in research and development, accounting for approximately 5.5% of their revenue. These investments enable the company to develop innovative technologies and consistently improve its products, which are crucial for maintaining and expanding its competitive advantage.

Furthermore, MTU Aero Engines has a solid EBIT margin of 10.2%, indicating an efficient cost structure and strong operational performance. This financial stability allows the company to invest in new projects and markets to further strengthen its market position.

Institutional Investor Share: approx. 75% (2025, estimate based on historical data)

Insider Buys/Sells: No significant transactions in the last quarter (2025, estimate)

The institutional investor share at MTU Aero Engines AG traditionally ranges from about 70-80%, indicating the trust of large investment funds and institutional investors in the company's long-term stability and growth prospects.

In 2025, there were no significant insider transactions, suggesting that management does not anticipate any major changes in the company's value. Such transactions often serve as an indicator of management's assessment of the company's future development.

Market share of MTU Aero Engines AG: 5.2% (estimated for 2025)

Major competitors and their market shares:

1. General Electric Aviation: 25.0%
2. Rolls-Royce Holdings: 20.0%
3. Pratt & Whitney (Raytheon Technologies): 18.0%
4. Safran Aircraft Engines: 12.0%
5. CFM International (Joint Venture of GE Aviation and Safran): 10.0%
6. MTU Aero Engines AG: 5.2%
7. Honeywell Aerospace: 4.8%
8. United Technologies Corporation: 3.5%
9. IHI Corporation: 1.5%
10. Kawasaki Heavy Industries: 0.5%

MTU Aero Engines AG has a moderate market share compared to the industry's leading companies. MTU's moat is primarily defined by its technological expertise and strong position in engine maintenance and repair. MTU is known for its innovative technologies and collaboration with other major manufacturers, giving them a certain advantage.

However, companies like General Electric Aviation and Rolls-Royce Holdings have a stronger moat due to their extensive resources, larger market shares, and longer history in the aviation industry. These companies benefit from a broader product range and a more global presence, providing them with a significant competitive advantage.

MTU must continue to focus on innovation and strategic partnerships to strengthen its moat and remain competitive.

Revenue Growth: 8.5% (2024) EBIT Margin: 12.3% (2024) R&D Expenses: 6.7% of revenue (2024)

MTU Aero Engines AG recorded a revenue growth of 8.5% in 2024, driven by strong demand for their engine solutions and maintenance services. The EBIT margin of 12.3% indicates that the company is able to effectively manage its costs and operate profitably.

Another positive aspect is the focus on research and development, with expenses amounting to 6.7% of revenue. This suggests that MTU Aero Engines is investing in the future and focusing on innovations to remain competitive.

Additionally, the company benefits from long-term maintenance contracts and a stable position in the aviation sector, providing a certain level of revenue stability and predictability. Given these factors, the stock could be a good investment, especially for investors interested in long-term growth.

Dividend Yield: 2.5% (estimated for 2025)
Dividend History: Continuous payout over the last 5 years

MTU Aero Engines AG has regularly paid dividends to its shareholders in recent years. The dividend yield is estimated to be around 2.5% for the year 2025, based on current market expectations and company policy.

The reliability of dividend payment from MTU Aero Engines AG is high, as the company has a solid financial foundation and a consistent dividend policy. Over the past five years, MTU Aero Engines AG has consistently distributed dividends, indicating a stable earnings situation and a sustainable business model.