DEUTZ AG

Earnings Release • Feb 24, 2005

News Details

Ad-hoc | 24 February 2005 19:04

Deutz AG: 2004 loss smaller than expected

Ad hoc announcement §15 WpHG Periodical results Deutz AG: 2004 loss smaller than expected Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— The loss for the 2004 financial year, at EUR 18.6 million, has turned out to be smaller than expected (2003: EUR 6.0 million profit). This is due to the restructuring charge for refocussing the medium-sized and large engines segment on decentralised energy generation systems, which came in at EUR 5.0 million less than expected. Now that all the necessary, detailed restructuring measures have been put in place, that extraordinary expense has fallen from the original EUR 40.0 million to EUR 35.0 million. In the 2004 financial year, DEUTZ increased its operating profit (EBIT) by 14 % to EUR 50.1 million (2003: EUR 44.0 million). Despite negative currency movements, sales also grew by 6 % to EUR 1,242.1 million (2003: EUR 1,172.6 million). Net financial debt was considerably reduced, by EUR 124 million to EUR 100 million (2003: EUR 224.2 million). Cash flow from normal operating activities showed a significant increase in comparison to last year, rising by over EUR 58 million to EUR 92.9 million (2003: EUR 34.6 million). Deutz AG Deutz-Mülheimer Str. 147-149 51063 Köln Deutschland ISIN: DE0006305006 (SDAX); DE000A0AHTJ4, DE000A0BNUNO, DE000A0DMKV2 WKN: 630500; A0AHTJ, A0BNUN, A0DMKV Listed: Amtlicher Markt in Düsseldorf und Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Hamburg, Hannover, München und Stuttgart End of ad hoc announcement (c)DGAP 24.02.2005 241904 Feb 05