02.03.2020 DEUTZ AG  DE0006305006

DGAP-News: DEUTZ AG: DEUTZ achieves targets for revenue and EBIT margin for 2019 - medium-term targets for 2022 confirmed


DGAP-News: DEUTZ AG / Key word(s): Forecast
DEUTZ AG: DEUTZ achieves targets for revenue and EBIT margin for 2019 - medium-term targets for 2022 confirmed

02.03.2020 / 19:49
The issuer is solely responsible for the content of this announcement.

- Medium-term revenue target for the service business of around €400 million brought forward to 2021
- Economic climate and coronavirus make 2020 a year of transition
- 'Transform for Growth' efficiency program launched

DEUTZ, one of the world's leading manufacturers of innovative drive systems, today published its provisional figures for revenue and the EBIT margin before exceptional items for 2019. With an increase in revenue to €1,840.8 million and an EBIT margin before exceptional items of 4.3 percent, the updated forecast for 2019 has been achieved.

Dr. Frank Hiller, Chairman of the Board of Management of DEUTZ AG, commented, "We have successfully pressed ahead with the implementation of our growth initiatives and are thus still on track to achieve our medium-term targets for 2022." Revenue is expected to rise to more than €2 billion by then, and the EBIT margin before exceptional items to at least 7 to 8 percent. "The expansion of the high-margin service business is a mainstay of our growth strategy. We now hope to achieve our 2022 revenue target of approximately €400 million a year earlier, in 2021," said Dr. Hiller.

DEUTZ expects a decline in business in 2020. The main reason for this is the downturn in key customer industries as a result of economic conditions. This led to a low level of orders on hand at the end of 2019, a situation that is continuing this year. Growth is expected to drop off particularly noticeably in the first half of 2020 following a weak start. The establishment of second source suppliers will also have an impact on earnings. Furthermore, the DEUTZ engine business will be affected this year by customers selling the inventories of engines they had built up before new emissions standards came into force.

The outbreak of coronavirus is taking a significant toll on international transport, travel, industrial logistics chains, and production capacity, both in China and globally. As things stand, DEUTZ is not aware of any specific issues at its suppliers. Due to the globalized nature of its logistics routes, however, DEUTZ can no longer exclude the possibility of its business and its supply chain being affected.

Consequently, DEUTZ expects the year-on-year fall in revenue in 2020 to be in the low double-digit percentage range. For the EBIT margin before exceptional items, the Company expects a decline relative to the prior year figure in the mid double-digit percentage range.

Dr. Frank Hiller added, "In order to counter the forecast impact on earnings, we have launched an efficiency program, 'Transform for Growth'." This is a global program to strengthen competitiveness by reducing complexity and increasing efficiency along the whole value chain.

The complete financial results for 2019 will be published on March 18, 2020.

Upcoming financial dates
March 18, 2020: 2019 annual report / annual results press conference
May 7, 2020: results for the first quarter of 2020
May 14, 2020: 2020 Annual General Meeting

Forward-looking statements

This investor news may contain certain forward-looking statements based on current assumptions and forecasts made by the DEUTZ management team. Various known and unknown risks, uncertainties, and other factors may lead to material differences between the actual results, the financial position, or the performance of the DEUTZ Group and the estimates and assessments set out here. These factors include those that DEUTZ has described in published reports, which are available at www.deutz.com. The Company does not undertake to update these forward-looking statements or to change them to reflect future events or developments.

DEUTZ AG, a publicly traded company headquartered in Cologne, Germany, is one of the world's leading manufacturers of innovative drive systems. Its core competencies are the development, production, distribution, and servicing of diesel, gas, and electric drive systems for professional applications. It offers a broad range of engines delivering up to 620 kW that are used in construction equipment, agricultural machinery, material handling equipment, stationary equipment, commercial vehicles, rail vehicles, and other applications. DEUTZ has around 4,900 employees worldwide and over 800 sales and service partners in more than 130 countries. According to provisional figures, it generated revenue of €1,840.8 million in 2019.

Further information is available at www.deutz.com.

Leslie Isabelle Iltgen
Communications & Investor Relations
Senior Vice President
Tel. +49 (0) 221 822-36 00
Fax: +49 (0) 221 822-15 36 00
E-Mail: [email protected]

02.03.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: DEUTZ AG
Ottostraße 1
51149 Köln (Porz-Eil)
Phone: +49 (0)221 822 0
Fax: +49 (0)221 822 3525
E-mail: [email protected]
Internet: www.deutz.com
ISIN: DE0006305006
WKN: 630500
Indices: SDAX
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 987909

End of News DGAP News Service

987909  02.03.2020 


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 1.260,20 1.479,10 1.778,80 1.840,80 1.295,60 1.617,30 1.820,00
EBITDA1,2 114,20 240,00 161,40 175,50 -0,20 123,10 166,00
EBITDA-Marge3 9,06 16,23 9,07 9,53 -0,02 7,61 9,12
EBIT1,4 23,40 146,50 82,00 88,10 -106,60 34,10 76,00
EBIT-Marge5 1,86 9,90 4,61 4,79 -8,23 2,11 4,18
Jahresüberschuss1 16,00 121,20 69,90 52,30 -107,60 38,20 47,00
Netto-Marge6 1,27 8,19 3,93 2,84 -8,31 2,36 2,58
Cashflow1,7 63,80 112,70 97,50 115,60 44,90 93,30 0,00
Ergebnis je Aktie8 0,14 1,00 0,58 0,43 -0,89 0,32 0,39
Dividende8 0,07 0,15 0,15 0,00 0,00 0,15 0,15
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

WKN Kurs in € Einschätzung Börsenwert in Mio. €
630500 4,362 Halten 527,20
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
8,55 17,89 0,47 17,52
0,92 5,65 0,33 5,96
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
0,00 0,15 3,44 28.04.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
05.05.2022 11.08.2022 10.11.2022 14.03.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
6,60% -17,12% -33,61% -40,08%
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