MTU Aero Engines shares fall on neutral profit outlook; ATR to lift production
MTU Aero Engines forecast has group revenues would grow by 7-8% in 2011 but profits will only match 2010 levels. The main growth driver is set to be the commercial engine business, with an anticipated 15-20% increase in sales. The spare parts and commercial MRO businesses are expected to grow by 5-10%. Revenues in the company’s military engine business are likely to fall by 10%.
