MTU AERO ENGINES AG
Munich, March 14, 2017 - The Supervisory Board of MTU Aero Engines AG today accepted the Executive Board's proposal to raise the company's dividend to €1.90 per share. This proposal, which represents an increase of 20 euro cents or 12% compared with the previous year's dividend, will be presented to the voting members of the Annual General Meeting on May 4, 2017.
"MTU once again posted record results last year, hence our decision to offer a further increased dividend. MTU's solid financial position permits this increase while still leaving ample scope for the company to achieve its ambitious growth targets," said Supervisory Board chairman Klaus Eberhardt. "This dividend proposal is our way of thanking our shareholders for placing their trust in us," added Reiner Winkler, CEO of MTU Aero Engines AG. "By offering an increased dividend, we also mean to show that we have every confidence in our ability to produce successful results in the current financial year."
The dividend will be paid out to shareholders on May 9, 2017, after approval by the Annual General Meeting.
About MTU Aero Engines
MTU Aero Engines AG is Germany's leading engine manufacturer, with core competencies in low-pressure tur-bines, high-pressure compressors, turbine center frames, manufacturing processes and repair techniques. MTU plays a key role in the new engine market through its partnership in many international development, manufacturing and sales programs, to which it contributes its high-tech components. One third of the global fleet of passenger airliners relies on components supplied by MTU. MTU is one of the world's top 5 providers of maintenance services for commercial aircraft engines and industrial gas turbines. These activities are combined under the roof of MTU Maintenance. In the military sector, MTU Aero Engines is the lead industrial partner for almost every type of engine flown by the German armed forces. MTU operates affiliates around the globe; its corporate headquarters are based in Munich, Germany.
"MTU once again posted record results last year, hence our decision to offer a further increased dividend. MTU's solid financial position permits this increase while still leaving ample scope for the company to achieve its ambitious growth targets," said Supervisory Board chairman Klaus Eberhardt. "This dividend proposal is our way of thanking our shareholders for placing their trust in us," added Reiner Winkler, CEO of MTU Aero Engines AG. "By offering an increased dividend, we also mean to show that we have every confidence in our ability to produce successful results in the current financial year."
The dividend will be paid out to shareholders on May 9, 2017, after approval by the Annual General Meeting.
About MTU Aero Engines
MTU Aero Engines AG is Germany's leading engine manufacturer, with core competencies in low-pressure tur-bines, high-pressure compressors, turbine center frames, manufacturing processes and repair techniques. MTU plays a key role in the new engine market through its partnership in many international development, manufacturing and sales programs, to which it contributes its high-tech components. One third of the global fleet of passenger airliners relies on components supplied by MTU. MTU is one of the world's top 5 providers of maintenance services for commercial aircraft engines and industrial gas turbines. These activities are combined under the roof of MTU Maintenance. In the military sector, MTU Aero Engines is the lead industrial partner for almost every type of engine flown by the German armed forces. MTU operates affiliates around the globe; its corporate headquarters are based in Munich, Germany.
MTU Aero Engines AG published this content on 14 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 March 2017 10:39:15 UTC.
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