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Initiation of Coverage: MTU Aero Engines

07. September 2007



From take-off to steady climb

MTU Aero Engines Holding is a major German provider of engine modules and systems for commercial and military aircraft. The group also has leading service and maintenance operations, including for industrial gas turbines.

Share price development. The shares have more than doubled since listing in June 2005. Despite a significant re-rating we believe the shares still offer steady long term value. Secure long-term contracts and military orders...


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