0824 GMT - MTU Aero Engines raised its outlook after delivering earnings which beat expectations, JPMorgan analysts David H. Perry and Lucy Fitzgerald say in a research note. However, the company's cash generation was weaker than expected, which may temper the share price reaction, they say. Fourth-quarter cash generation was 75 million euros below views due to higher-than-expected recall costs on the GTF engine and supply chain challenges, the analysts say. Consensus for cash generation could be trimmed as a result, though earnings consensus for 2025 could rise by a few percentage points, they note. Shares trade 4.7% lower to 330 euros. (pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
February 19, 2025 03:24 ET (08:24 GMT)
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