MUNICH (dpa-AFX) - Following a better-than-expected quarter, engine manufacturer MTU is more confident about the development of its margin in the current year. The DAX-listed company announced in Munich on Thursday that it now expects profitability adjusted for special effects to rise to around 13 percent. This would mean that the margin would exceed the 2023 level of 12.9 percent. MTU had previously expected more than 12 percent. The other targets for the current year, such as the sales forecast, were confirmed. In the second quarter, earnings before interest and taxes (EBIT) adjusted for special items rose by just over 30 percent to 252 million euros. The margin increased to 14.4 percent (previous year: 12.3 percent). MTU thus exceeded experts' expectations./zb/mis
MTU raises margin forecast - quarter better than expected
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