Mtu Aero Engines Hldgs Ag (MTUAF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the conference call on MTU AeroEngine's first quarter 2026 results. For your information, the management presentation, including the Q&A session, will be audio taped and streamed live or made available on demand on the internet. By attending in the conference call, you grant permission for audio recordings intended for publication on the internet to be taken. The speakers of today's conference call are Mr. Dr. Johannes Busmann, Chief Executive Officer, and Mrs. Katja Garcia-Villa, Chief Financial Officer. Firstly, I will hand over to Mr. Thomas Franz, Vice President, Investor Relations, for some introductory words. Please go ahead. Thank you, Nadia, and good morning. Welcome to our conference call for MTO's Q1 2026 results. We'll begin today's session with Johannes sharing some thoughts on the current environment and recent developments. Following that, Katja will walk you through the financials. Johannes will walk you through the guidance and will summarize the key takeaways before we open the floor for your questions. With that, it's my pleasure to hand over to Johannes. Thank you, Thomas, and welcome to our earnings call for the first quarter 2026. We had a very successful start into the year. Group revenues increased by 7% to more than 2.2 billion euros. Adjusted EBIT rose by 6 percent to 320 million, translating into a margin of 14.2 percent free cash flow, improved by 18 percent to 177 million euros, residing in a cash conversion rate of 77 percent. Despite the current situation in the Middle East, which I will touch a bit later, we confirm our full year guidance today strongly. We fully support our customers and their operations And the safety of our employees in the region is, of course, our top priority. Before Katja takes you through the financia...