Earnings Release • Feb 19, 2008
Earnings Release
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Ad-hoc | 19 February 2008 07:30
DEUTZ AG:DEUTZ with a successful financial year 2007 in revenue and profits
DEUTZ AG / Preliminary Results/Preliminary Results
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
· Leube adheres to focus on compact engines
· Board of Management will propose first dividend in
20 years
· Positive outlook for 2008 reinforced
The positive business development over the first nine months of 2007
continued, as expected, in the fourth quarter, allowing DEUTZ AG to look
back on an excellent business year. Based on preliminary figures, new
orders in the continuing operations Compact Engines and DEUTZ Customised
Solutions rose by 22 per cent to €1.6 billion in 2007. With about 286,000
engines sold, the value of the previous year was surpassed by 21 per cent.
The positive effect from the production ramp-up of the new commercial
vehicle engines made a particular contribution to this. Based on this
dynamic development, revenue of the DEUTZ Group reached €1.5 billion in the
business year 2007, representing a plus of 29 per cent. The company was
also able to significantly increase its profits. The operating profit (EBIT
before one-off items) thus rose by 43 per cent to €95 million. That means
the EBIT margin of the continuing activities in 2007 stands at 6.3 per cent
(2006: 5.6 per cent). In light of the positive profit development and the
solid financial situation of the DEUTZ Group, the Management Board will
propose to the Supervisory Board to distribute a dividend for the financial
year 2007.
Dr. Helmut Leube, who became Chairman of the Management Board of DEUTZ AG
on February 1 2008, stands for continuity in the strategic development of
the company as an independent manufacturer of compact engines.
Based on the positive development of new orders, the sustained growth in
DEUTZ’s core markets and the company’s strong market position, the
Management Board confirms its positive outlook for 2008. The company
expects revenues to increase in a double-digit range between 10 and 15 per
cent, and the EBIT margin to further improve compared with 2007. Due to the
diversified customer structure in the USA, DEUTZ does not expect the
property crisis in the USA to have any significant effects on its business
development in the coming year.
DEUTZ AG will publish the report on its financial year 2007 on March 27 as
part of its annual results press conference in Cologne. A meeting for
analysts and investors will be held on March 28 in Frankfurt.
Information and Explaination of the Issuer to this News:
Further information about DEUTZ AG is available at
http://www.deutz.com/.
Andrea Bleesen
Tel.: +49 (0)221 822 2492
Fax: +49 (0)221 822 2498
Email: [email protected]
Language: English
Issuer: DEUTZ AG
Ottostraße 1
51149 Köln (Porz-Eil)
Deutschland
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: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Düsseldorf;
Freiverkehr in Berlin, Hannover, Hamburg, München, Stuttgart
End of News DGAP News-Service
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