EQS-Adhoc: DEUTZ AG adjusts guidance for FY 2024 due to weak demand caused by economic conditions
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EQS-Ad-hoc: DEUTZ AG / Key word(s): Change in Forecast DEUTZ AG adjusts guidance for FY 2024 due to weak demand caused by economic conditions Cologne, October 3, 2024 – DEUTZ AG (ISIN DE0006305006) adjusts its guidance for the current financial year due to cyclically-induced decline in demand in the wake of the economic environment. In particular, unit sales and new orders in the third quarter were below previous expectations. Management also does not currently expect a compensatory recovery in customer demand in the engines business in the fourth quarter of 2024. From today's perspective, the company now expects unit sales for the full year to be below 150,000 engines (forecast from August 2024: maximum of 160,000 engines). DEUTZ has responded to the market situation by intensifying the cost-cutting measures that it has already implemented, such as short-time working, and also initiates structural measures to reduce direct and indirect costs and to increase efficiency. The Management Board now expects revenue of around €1.8 billion (previously: €1.9 billion to €2.1 billion), an EBIT margin before exceptional items of 4.0 to 5.0% (previously: 5.0 to 6.5%) and a free cash flow before M&A that is at least break-even (previously: mid-double-digit million-€-range). DEUTZ will publish its results for the third quarter of 2024 as planned on November 7, 2024. DEUTZ will hold its Capital Markets Day at its headquarters in Cologne on October 8, 2024. Contact Forward-looking statements: This ad hoc disclosure may contain certain forward-looking statements based on current assumptions and forecasts made by the DEUTZ management team. Various known and unknown risks, uncertainties, and other factors may lead to material differences between the actual results, the financial position, or the performance of the DEUTZ Group and the estimates and assessments set out here. These factors include those that DEUTZ has described in published reports, which are available at www.deutz.com. The Company does not undertake to update these forward-looking statements or to change them to reflect future events or developments. End of Inside Information
03-Oct-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | DEUTZ AG |
| Ottostraße 1 | |
| 51149 Köln (Porz-Eil) | |
| Germany | |
| Phone: | +49 (0)221 822 2491 |
| Fax: | +49 (0)221 822 3525 |
| E-mail: | svenja.deissler@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, Tradegate Exchange |
| EQS News ID: | 2001599 |
| End of Announcement | EQS News Service |
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2001599 03-Oct-2024 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024e | ||
| Sales1 | 1.778,80 | 1.840,80 | 1.295,60 | 1.617,30 | 1.953,40 | 2.063,20 | 1.800,00 | |
| EBITDA1,2 | 161,40 | 175,50 | -0,20 | 123,10 | 176,20 | 180,00 | 0,00 | |
| EBITDA-Margin3 | 9,07 | 9,53 | -0,02 | 7,61 | 9,02 | 8,72 | 0,00 | |
| EBIT1,4 | 82,00 | 88,10 | -106,60 | 34,10 | 82,60 | 81,00 | 0,00 | |
| EBIT-Margin5 | 4,61 | 4,79 | -8,23 | 2,11 | 4,23 | 3,93 | 0,00 | |
| Net Profit (Loss)1 | 69,90 | 52,30 | -107,60 | 38,20 | 80,20 | 81,90 | 75,00 | |
| Net-Margin6 | 3,93 | 2,84 | -8,31 | 2,36 | 4,11 | 3,97 | 4,17 | |
| Cashflow1,7 | 97,50 | 115,60 | 44,90 | 93,30 | 57,70 | 138,80 | 0,00 | |
| Earnings per share8 | 0,58 | 0,43 | -0,89 | 0,32 | 0,66 | 0,66 | 0,54 | |
| Dividend per share8 | 0,15 | 0,00 | 0,00 | 0,15 | 0,15 | 0,17 | 0,15 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: PricewaterhouseCoopers
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
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| Deutz | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| 630500 | DE0006305006 | AG | 547,00 Mio € | 06.05.1905 | Halten | 9F29V3X8+XC |
| PE 2025e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 8,21 | 13,60 | 0,60 | 10,74 | 0,76 | 3,94 | 0,27 |
|
Dividend '2022 in € |
Dividend '2023 in € |
Dividend '2024e in € |
Div.-Yield '2024e in % |
| 0,15 | 0,17 | 0,15 | 3,81% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 08.05.2025 | 30.04.2025 | 08.08.2024 | 07.11.2024 | 20.03.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| -4,11% | -19,98% | -17,88% | -16,73% | +0,00% |
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