DEUTZ AG

Earnings Release • Sep 15, 2015

News Details

Ad-hoc | 15 September 2015 19:25

DEUTZ AG: Markets’ reluctance to invest is depressing business

DEUTZ AG / Key word(s): Profit Warning

15.09.2015 19:25

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Cologne, 15 September 2015

Markets' reluctance to invest is depressing business

The DEUTZ Group will not meet its previous forecast for the current
financial year. Because business has been sluggish in the current quarter
and the level of new orders is actually very low, revenue is now expected
to decline by around 20 per cent compared with the previous forecast of a
drop in revenue of around 10 per cent. Consequently, the second half of
2015 will be significantly worse than the first half of the year.

Given the low level of business, DEUTZ will only be just about break even
in terms of EBIT this year. Until now, an EBIT margin of roughly 3 per cent
had been expected. Further measures to improve earnings are under review.

Furthermore, the current reluctance to invest on the part of end customers
means that the inventories of a number of European customers that were
built up last year in anticipation of the new emissions standards are being
used up more slowly than predicted. DEUTZ is to carry out further analysis
of the impact this will have on the coming year, and will therefore not
make any forecasts for 2016 at this point in time.

For further information on this DEUTZ AG Ad-hoc statement please contact

Investor & Public Relations
Christian Krupp
Tel.: +49 (0)221 822-5400
Fax: +49 (0)221 822-15-5401
E-Mail: krupp.c@deutz.com

15.09.2015 The DGAP Distribution Services include Regulatory Announcements,
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Language: English
Company: DEUTZ AG
Ottostraße 1
51149 Köln (Porz-Eil)
Germany
Phone: +49 (0)221 822 0
Fax: +49 (0)221 822 3525
E-mail: ir@deutz.com
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

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