Mitsubishi Heavy Industries Achieves Strong YoY Increases in Order Intake, Revenue, and Profit in Q1 FY2024

・ Order intake grew YoY in Energy Systems, Plants & Infrastructure Systems, and Logistics, Thermal & Drive Systems, with largest increases seen in GTCC. ・ Revenue increased YoY in all segments driven by strength in GTCC, Aero Engines, and Defense & Space. ・ Business profit was up in Energy Systems, Plants & Infrastructure Systems, and Aircraft, Defense & Space due to revenue increases, improved project margins, and impact from the weak yen. ・ Restated full-year FY2024 earnings guidance, unchanged from the previous announcement.

Mitsubishi Heavy Industries Achieves Strong YoY Increases in Order Intake, Revenue, and Profit in Q1 FY2024
・ Order intake grew YoY in Energy Systems, Plants & Infrastructure Systems, and Logistics, Thermal & Drive Systems, with largest increases seen in GTCC. ・ Revenue increased YoY in all segments driven by strength in GTCC, Aero Engines, and Defense & Space. ・ Business profit was up in Energy Systems, Plants & Infrastructure Systems, and Aircraft, Defense & Space due to revenue increases, improved project margins, and impact from the weak yen. ・ Restated full-year FY2024 earnings guidance, unchanged from the previous announcement.