![]() We invest in our sites in 2022, financial resources went primarily toward building and expanding production capacity in Munich, Hannover and Serbia. As in 2022, we will need new employees primarily in engineering and for digitalization.Īs a local investor and patron, we promote education and the academic landscape, for example by maintaining close ties to universities and colleges, especially in the regions where our sites are located. In 2023, we intend to further expand our personnel capacity so that we can drive forward our programs for the future and thus promote MTU’s future viability. We pay our employees attractive salaries and offer a broad range of perks. We are a major employer in the region at all our major international sites and are exporting the successful German training model: in Serbia, our new repair site, we provide specialist aviation training based on the dual-track system. At the end of 2022, the MTU Group employed 11,273 people at fully consolidated sites around the world (2021: 10,508) with 330 young apprentices (2021: 349). We offer interesting and future-proof jobs in a high-tech industry and professional training as part of Germany’s dual-track system. Our commercial success generates added value for our stakeholders and contributes to society’s prosperity and the economic development of the communities where our business activities are located. For the medium-term outlook, the target formula is 8 – 1 – 25 in other words, EUR 8 billion in revenue and EUR 1 billion in operating profit in 2025. We intend to continue our profitable growth course beyond 2023. We take a long-term approach to our company’s success and our goal is to steadily increase shareholder value. The recurrence of this high figure illustrates the continued demand for our products and by extension highlights MTU’s future viability. Most of the orders were for the geared turbofan engines of the PW1000G family, in particular the PW1100G-JM, and the V2500. At EUR 22.3 billion, the order backlog at the end of 2022 was level with the previous year’s figure (2021: EUR 22.2 billion). These figures underscore MTU’s profitable growth course. ![]() Earnings after tax (adjusted) developed in line with operating profit and increased by 30% to EUR 476 million in 2022 (2021: EUR 342 million). Operating profit (EBIT adjusted) increased by 40% to EUR 655 million (2021: EUR 468 million). At EUR 5.3 billion, revenue was up 27% from EUR 4.2 billion in the previous year. The MRO (maintenance, repair and overhaul) segment comprises all commercial maintenance activities.ĭespite the difficulties presented by oil price and inflation rate increases, which arose due to the effects of the war in Ukraine and problems in international supply chains, MTU can look back at a successful financial year in 2022. MTU’s OEM segment covers new commercial engines, including spare parts, and the whole of the military sector. In addition, the company plays a key role in Europe’s most important military engine programs-from development to production to maintenance. MTU brings its skills and expertise to the fore as the leading industrial company for practically all aircraft engines operated by the German Armed Forces. The tailored services provided by our MRO experts cover the entire engine lifecycle. ![]() Our strength is based on more than 40 years of experience, a global MRO network and a product range that encompasses engines for all common aircraft types, from business jets to widebody aircraft. We are responsible for, among other things, the maintenance of Pratt & Whitney eco-efficient geared turbofan engines and for providing maintenance solutions to a global network of original equipment manufacturers (OEM). ![]() In the commercial maintenance sector, MTU Maintenance is one of the world’s top three service providers for commercial aircraft engines and industrial gas turbines. The company is a valued and trusted partner to all the big players in the industry: GE Aerospace, Pratt & Whitney and Rolls-Royce. ![]() In the commercial engine business, we have content in all thrust and power categories, from propulsion systems for business jets and engines for narrowbody aircraft with geared turbofan technology to the world's most powerful engines. Operating affiliates all over the world, MTU has a local presence in major regions and markets and is headquartered in Munich, Germany. We design, develop, manufacture, market and support commercial and military aircraft engines in all thrust and power categories and stationary gas turbines. MTU Aero Engines is Germany’s leading engine manufacturer and an established global player in the industry. ![]()
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