All Financial results Articles
Revenues rose 7.5% and new orders climbed 30.3% in first quarter
Despite “strong financial results,” company withdraws full year forecast
Sales of mtu products and solutions exceed € 5 billion for the first time
The company intends to sell assets and wind down its business.
Company sees order intake increase 34% in Q4 2024 and 14% for the full year
Full year 2025 revenues expected to range from down 2% to up 3%
Mirabel, Quebec plant to be sold.
Adjusted EBIT margin of 4.4% reported in first nine months of 2024
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Sales numbers decrease, record harvests pressuring crop prices
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Full-year EBITDA percentage adjusted to top end of previously projected range
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Net sales grew 18% in Q3 and are up 5% year to date
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The decline is linked to the cyclical nature of the engine market
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Chief executive says demand for fuels produced at plant is declining
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EBIT margin for the first half of 2024 remains virtually unchanged from year-ago level
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Revenues and earnings remained close to prior year despite challenging market environment
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Underlying operating profit jumped 56%, with order intake up 26%
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Achieves record second quarter revenues of $8.8 billion, raises full-year guidance
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Improved demand environment for the coming 12 months expected for both Marine and Energy
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Revenue rose 5.8% and ordinary income was up 30.1% over the previous year
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While new orders declined year over year, they were up 20% on a quarterly basis