MTU Aero 2022 Guidance Seen as Underwhelming -- Market Talk
MTU Aero 2022 Guidance Seen as Underwhelming -- Market Talk
1108 GMT - MTU Aero Engines delivered some surprises in its 2022 guidance compared with original expectations, such as continued weakness in the engine portfolio margins, stronger growth in engine portfolio sales, and softer recovery in spare parts, UBS says. The guidance was underwhelming as it implied an about 5% downside to the latest company consensus on EBIT, according to the bank. Short-haul traffic is expected to recover in 2023 and that will drive demand growth in the engine portfolio and pick-up in aircraft deliveries, according to UBS. However, long-haul will take longer to recover due to remaining Covid restrictions, says UBS. MTU Aero trades 2.8% lower at EUR181.50. (cecilia.butini@wsj.com)
1108 GMT-瑞银(UBS)表示，与最初的预期相比，MTU航空发动机在其2022年的指导中带来了一些惊喜，例如发动机组合利润率持续疲软，发动机组合销售增长强劲，零部件复苏放缓。据该行称，这一指引并不令人印象深刻，因为它意味着公司对息税前利润的最新共识下降了约5%。瑞银(UBS)表示，短途客运量预计将在2023年复苏，这将推动发动机组合的需求增长，以及飞机交货量的回升。然而，瑞银表示，由于Covid的剩余限制，长途运输将需要更长的时间才能恢复。MTU Aero股价下跌2.8%，至181.50欧元。(cecilia.butini@wsj.com)