MTU Aero's Updated Guidance on Margins Seen as a Positive -- Market Talk
MTU Aero's Updated Guidance on Margins Seen as a Positive -- Market Talk
0811 GMT - MTU Aero narrowed its 2021 guidance saying it now expects adjusted EBIT margin to come at the upper end of its previous range of 10% to 10.5% after reporting third-quarter adjusted EBIT 4% above consensus despite sales missing expectations, Citi says. The German aircraft engine manufacturer also narrowed its 2021 sales guidance and now expects sales between EUR4.3 billion and EUR4.4 billion, which is the lower end of its previous range. "We'd characterize these results/guidance narrowing as incrementally positive - the mid-point of inferred profit moves up, but is still below consensus, the cash conversion is good, but sales expectations lower," the bank says. MTU Aero trades 1.7% higher at EUR190.60. (olivia.bugault@wsj.com)
0811GMT-花旗表示，MTU Aero缩小了2021年的指引，表示现在预计调整后的EBIT利润率将位于之前10%至10.5%的区间的上端，此前该公司报告称，尽管销售额低于预期，但第三季度调整后的EBIT比共识高出4%。这家德国飞机发动机制造商也缩小了2021年的销售指引，目前预计销售额在43亿欧元至44亿欧元之间，这是之前区间的低端。该行表示：“我们将这些业绩/指引的收窄描述为渐进式的积极--推断利润的中点有所上升，但仍低于共识，现金转换情况良好，但销售预期较低。”MTU Aero股价上涨1.7%，至190.60欧元。(olivia.bugault@wsj.com)