Sales of mtu products exceeded EUR 5 billion for the first time in 2024 as Rolls-Royce Power Systems achieved record sales, profit and return on sales.
Operating profit was 40% higher than in 2023 at EUR 662 million (£560 million).
The return on sales rose to 13.1% compared to 10.4% in 2023.
“These record figures are the result of our clear strategy focusing on energy supply, governmental business, marine, battery storage and service,” said Dr Joerg Stratmann, CEO Rolls-Royce Power Systems.
“We are in a strong position in our markets around the world. We have increased our market share in mtu products and see further growth potential.
“Some of our end markets are growing significantly, decoupled from the general economic trend.
“This and our order intake of 6 billion euros make us very confident for 2025.”
We are in a strong position in our markets around the world.
Dr Joerg Stratmann
In addition, efficiency enhancement programs contributed to the improved results.
The highest order intake was for mtu solutions for energy supply and for government business.
And the largest increase in sales was recorded by the backup power systems business, which grew by 25% overall and by 46% for backup power systems for data centers.
Rolls-Royce Power Systems is continuing to invest in the development of new products and the expansion of production capacities.
This also includes the development of a new mtu engine platform which will have more than 20% more power in the same installation space compared to a current model of the same size.
In 2025, the company is investing in North America in a new building for the assembly of gensets in Mankato and in the expansion of the engine plant in Aiken.
