Deutz Shows Strong Start to the Year, Maintains Stable Margin Amid Economic Challenges

• DEUTZ AG reported a stable adjusted EBIT margin of 6.1% for Q1 2024 despite a 10.3% decrease in revenue from continuing operations to €454.7 million due to challenging economic conditions.
• New orders were below the level of Q1 2023 but well above the level of the previous quarter.
• The sale of Torqeedo was completed and the guidance for 2024 was confirmed.
• DEUTZ has signed agreements to take over the sales and service activities of Rolls-Royce Power Systems, expected to generate additional annual revenue of around €300 million and an EBIT margin above the Group’s current margin.
• The company expects to achieve unit sales of between 160,000 and 180,000 DEUTZ engines, revenue of €1.9 billion to €2.1 billion, an adjusted EBIT margin of between 5.0 percent and 6.5 percent, and free cash flow in the mid-double-digit millions of euros in 2024.
• DEUTZ's net financial debt increased by €8.5 million to €171.9 million as at March 31, 2024, compared with the figure as at December 31, 2023.

The next important date, Publication of quarterly financial report (as of Q1), at Deutz is on 30.04.2024.

The price of Deutz at the time of the news was 5,8575EUR and was up +1,52 % compared with the previous day.
22 minutes after the article was published, the price was 5,8625EUR this corresponds to a plus of +0,09 % since publication.
At this time, the index SDAX was at 14.436,29PKT (+1,30 %).

Deutz

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-21,74 %

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ISIN:DE0006305006WKN:630500

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