Strong start to the year for MTU Aero Engines: In the first quarter, the engine manufacturer posted strong growth in sales and profits and exceeded expectations. But dark clouds are gathering on the horizon and casting a shadow over the current year.
Schaeffler struggles with industry weakness: Revenue declines, job cuts planned.
The German automotive and industrial supplier Schaeffler is feeling the economic downturn in the automotive industry: In the first quarter of 2025, revenue declines. Additionally, the company announces job cuts, primarily affecting locations in Germany and Austria.
Montana Aerospace with a strong start to the year – profit and revenue significantly increased in the first quarter
The Austrian aerospace and energy supplier Montana Aerospace is defying the weak market conditions among major customers such as Airbus and Boeing and reports a strong increase in revenue, profit, and EBITDA for the first quarter of 2025. The energy segment in particular is benefiting from the high demand for high-voltage infrastructure. The internationally active […]