UPDATE 2-MTU Aero sees demand for new jets and strong dollar pushing up profit

Thu Feb 12, 2015 7:41am EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* Sees sales, operating profit rising 10 pct in 2015

* Says results to be boosted by stronger dollar

* Q4 adj EBIT 111.8 mln eur vs Rtrs poll avg 107 mln (Adds shares, consensus for 2015 results, new comment from CEO)

By Victoria Bryan

MUNICH, Feb 12 (Reuters) - Strong global demand for new passenger jets and a firmer U.S. dollar should help German aircraft engine maker MTU Aero Engines beat analysts' average sales and profit forecasts this year, it said on Thursday.

Its two biggest customers, Airbus and Boeing , are riding a wave of orders for new fuel-efficient passenger jets, boosting business for suppliers. Airbus won net orders for 1,456 planes in 2014, against 1,432 for Boeing.

MTU Chief Executive Reiner Winkler said profit would also be boosted by the stronger dollar, as the firm does most of its business in the U.S. currency but reports results in euros.

The company, which also makes engines for Bombardier , expects its revenue and adjusted earnings before interest and tax (EBIT) to both rise by around 10 percent this year, to 4.4 billion euros ($5 billion) and 420 million euros respectively.

That beats the average analyst estimates in a Reuters poll for sales of 4.14 billion euros and adjusted EBIT of 405 million for 2015.   Continued...