MTU's influence on the DAX 40
MTU Aero Engines has a weighting of about 1.22% in the DAX 40 index (measured in December 2024). View the composition of the DAX 40 and the weighting of all companies in the DAX 40 here. The share price reacts strongly to developments in the global aviation sector, such as passenger volumes, orders for new aircraft, defense budgets and fuel efficiency. Technological innovations in propulsion and sustainability also impact the share's valuation. Investors mainly monitor the development of the order book, margins in the maintenance segment and the ability to innovate in cleaner propulsion systems.
Investment analysis & outlook
MTU Aero Engines shares showed a solid share price increase of over 52% over the past 12 months, helped by a recovery in the aviation sector and a rebound in global demand for engine maintenance and production. Sales recovered significantly in 2024 and 2025, supported by higher service revenues and improved margins on new engine programs. In the first quarter of 2025, MTU reported revenue growth of 18% and a strong increase in operating profit, which was positively received in the market. At the same time, the company was able to benefit from rising orders within both the civil aviation and defense segments.
The chart below clearly shows how MTU has been on an upward trend since early 2023, after a long period of sideways movements and relative underperformance against the DAX 40. Although the DAX index has risen nearly 80% since 2020, MTU lagged behind it for a long time. Only since mid-2023 has the stock started to catch up with conviction, and from its low point in 2022 it has now managed to recover more than 60%. The share price is now approaching its highest level since the pandemic, indicating that investors are once again showing confidence in the sector's future.
Although MTU continues to contend with fluctuating input costs and geopolitical risks, the recovery in international air traffic and structural maintenance contracts gives the company a stable foundation for further growth. For investors who believe in the long-term potential of aviation technology and reliable cash flows from services, MTU remains an interesting candidate within the DAX 40.
News & updates
In April 2025, MTU announced the expansion of its maintenance capacity with a new plant in Poland focused on sustainable MRO processes with lower carbon emissions. The company also presented its new innovation track for hybrid aircraft propulsion, which is being developed in cooperation with Siemens and Airbus.
In addition, the board proposed a dividend of €3.40 per share - a clear confirmation of confidence in earnings development. MTU also reaffirmed its ambition to operate completely climate-neutral by 2040, investing in green manufacturing, digital simulations and energy-efficient test facilities to that end.
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