MTU Aero falls as free cash flow FY result, 2026 guidance miss expectations

MTU Aero Engines AG

24/02/2026 09:29

** Shares in MTU Aero Engines MTXGn.DE are down around 6% as FY result and 2026 guidance for free cash flow missed expectations

** A local trader points to the German engine manufacturer posting weaker free cash flow forecast for 2026 and "touch soft" 2025 free cash flow

** "FCF is... below consensus on working capital build" and below consensus for 2026, Berenberg says

** "FCF guidance is weaker than expected, and in line 2026 EBIT guidance likely offsets positivity from the Q4 2025 beat", UBS says

** "Better news" on Pratt & Whitney's GTF programme, such as fewer aircraft on ground situations in 2026 and successful entry into service of the GTF Advantage is "probably needed for the shares to outperform", J.P.Morgan says

** Shares are on track for their worst day since April 2025

 (Reporting by Emanuele Berro)

 ((emanuele.berro@thomsonreuters.com))