DEUTZ AG

Earnings Release • Oct 23, 2003

News Details

Ad-hoc | 23 October 2003 07:30

Deutz AG english

DEUTZ Group: 3rd Quarter Report 2003 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– DEUTZ Group: 3rd Quarter Report 2003 Increase in new orders Sales maintained Profits higher than a year ago DEUTZ is holding its ground against the negative trend. In the third quarter it increased the total value of its new orders, kept sales steady, and improved profits over last years figure. The DEUTZ Group, which employs a total of 5,543 people worldwide, was able to increase its new orders to EURO 890.8 million (2002: EURO 881.2 million). Despite a fall in unit sales to 115,955 engines (2002: 120,173), cumulative sales by the end of the third quarter came to EURO 841.4 million, only 0.4 percent lower than the comparable figure in 2002 (EURO 845.2 million). DEUTZ achieved earnings before interest and tax (EBIT) of EURO 30.4 million (2002: EURO 30.7 million). With lower interest expenditure of EURO 25.8 million (2002: EURO 27.6 million) DEUTZ was able to increase its profit on ordinary activities to EURO 4.6 million (2002: EURO 3.1 million). With EURO 2.5 million after tax, corporate profit was above the previous years figure of EURO 2.1 million For the whole of 2003 DEUTZ is expecting an improvement in profit over last year despite the continuing slack in economic trends. Cologne, 23rd October 2003 / DEUTZ AG / The Management Board The complete 3rd-quarter report for 2003 and other information on DEUTZ AG can be found at http://www.deutz.de . end of ad-hoc-announcement (c)DGAP 23.10.2003 ——————————————————————————– WKN: 630500; ISIN: DE0006305006; Index: SDAX Listed: Amtlicher Markt in Düsseldorf und Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Hamburg, Hannover, München und Stuttgart 230730 Okt 03