MTU Aero Engines AG (MTUAF) CEO Reiner Winkler on Full Year 2019 Results - Earnings Call Transcript [Seeking Alpha]
MTU AERO ENGINES UNSP/ADR (MTUAY)
NASDAQ:AMEX Investor Relations:
mtu.de/investor-relations
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Source: Seeking Alpha
MTU Aero Engines AG ( OTC:MTUAF Executives Thomas Franz - VP, IR Reiner Winkler - CEO Peter Kameritsch - CFO Analysts Robin Zhu - Bernstein Cathy Turner - Barclays Chloe Lemarie - Exane Benjamin Heelan - Bank of America David Perry - JPMorgan Andrew Humphrey - Morgan Stanley Alexander Hauenstein - DZ Bank Zafar Khan - Societe Generale Richard Schramm - HSBC Harry Breach - MainFirst Good morning, ladies and gentlemen. Welcome to our conference call for the Full Year Results for 2019. We will start with business and financial highlights presented by Reiner. Peter Kameritsch will give more details on our OEM and MRO segment. Following that Reiner will give some more explanation on our updated guidance for 2020. After that we will open the call for questions. Let me now hand over to Reiner for the business highlights. Yes. Thank you, Thomas, and welcome also from my side. Let's start with our business highlights. 2019 the aviation industry benefited from a strong aftermarket environment w
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