DEUTZ AG

Earnings Release • May 4, 2004

News Details

Ad-hoc | 4 May 2004 08:01

DEUTZ Group: 1st Quarterly Report for 2004

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– DEUTZ Group: 1st Quarterly Report for 2004 Earnings clearly improved Slight increase in new orders and in unit sales and sales DEUTZ has managed a good start into the new financial year. With slight increases in unit sales and sales the DEUTZ Group was able to improve its earnings considerably in the first quarter, which is always a low-profit period. New orders rose by Euro 316.0 million to Euro 326.4 million and unit sales by 9.2 percent to 40,109 engines (2003: 36,744). Sales came to Euro 258.8 million, slightly above the previous year’s figure of Euro 257.9 million. In the compact engines segment, sales rose to Euro 203.2 million (2003: Euro 191.7 million). In the segment of medium-sized and large engines, sales declined as part of the deliberate policy of concentrating on more profitable applications in the marine sector to Euro 55.6 million (2003: Euro 66.2 million). In the first three months of the current financial year DEUTZ increased its operating profit (EBIT) by 9.6 percent to Euro 5.7 million (2003: Euro 5.2 million). With a further improvement in net interest expenditure to Euro 7.6 million (2003: Euro 8.5 million) the loss from ordinary activities came to only Euro 1.9 million, compared with a loss of Euro 3.3 million in the same period a year earlier. Corporate profit after taxes also improved, by Euro 1.2 million to a loss of only Euro 2.6 million (2003: Euro 3.8 million). For 2004 as a whole DEUTZ is expecting moderate sales growth and a further improvement in operating profit compared with the preceding year. Cologne, 4th May 2004 / DEUTZ AG / Management Board The complete 1st Quarterly Report for 2004 and other information on DEUTZ AG can be found at http://www.deutz.de . end of ad-hoc-announcement (c)DGAP 04.05.2004 ——————————————————————————– WKN: 630500; ISIN: DE0006305006; Index: SDAX Listed: Amtlicher Markt in Düsseldorf und Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Hamburg, Hannover, München und Stuttgart 040801 Mai 04