Friday, April 28, 2017

MTU Aero Engines beats forecasts thanks to maintenance division

BERLIN, April 28 (Reuters) - German aircraft engine maker MTU Aero Engines reported a better than expected 19.6 percent rise in first quarter profit, driven by its business maintaining commercial jet engines. The company, whose customers include planemakers Boeing , Airbus and Bombardier, reported adjusted earnings before interest and tax (EBIT) of 157 million euros ($170.6 million), against average analyst expectations for 140 million euros.

by reutersCOMPANYNEWS via Endless Supplies .Biz - News

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