Ad-hoc | 23 April 2019 19:12

DEUTZ AG: DEUTZ reports significant revenue growth and double-digit increase in profitability in the first quarter of 2019

DEUTZ AG / Key word(s): Preliminary Results
DEUTZ AG: DEUTZ reports significant revenue growth and double-digit increase in profitability in the first quarter of 2019

23-Apr-2019 / 19:12 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

DEUTZ reports significant revenue growth and double-digit increase in profitability in the first quarter of 2019

Cologne, 23 April 2019 – Preliminary results show that DEUTZ has made a successful start to 2019.

DEUTZ is continuing to benefit from the sustained strength of customer demand, receiving orders worth EUR514.5 million in the first quarter of 2019. New orders thus remained at a high level despite being 10.5 per cent lower than the figure for the prior-year period. Compared with the fourth quarter of 2018 (new orders of EUR403.9 million), new orders at DEUTZ were up by 27.4 per cent.

In the first quarter of 2019, consolidated revenue rose by 9.2 per cent compared with the corresponding period of 2018 to reach EUR452.8 million.

Reflecting the greater volume of business and ongoing efficiency improvements, operating profit (EBIT before exceptional items) climbed at a faster rate than revenue, advancing by 15.7 per cent year on year to reach EUR25.1 million. As a result, the EBIT margin before exceptional items improved by 30 basis points to 5.5 per cent.

The continued strong demand from customers and the current level of orders on hand should provide a good degree of security for the DEUTZ engine business, particularly in the first half of the year. The Board of Management therefore confirms its forecast for 2019 as a whole in spite of the currently generally challenging macroeconomic and geopolitical environment.

The full interim management statement for the first quarter of 2019, including the final results, will be published as scheduled on 7 May 2019.

Contact
DEUTZ AG / Leslie Isabelle Iltgen / Senior Vice President Communications & Investor Relations
Tel: +49 (0)221 822 3600 / Email: Leslie.Iltgen@deutz.com

Further information is available at www.deutz.com .

23-Apr-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:	English
Company:	DEUTZ AG
	Ottostraße 1
	51149 Köln (Porz-Eil)
	Germany
Phone:	+49 (0)221 822 0
Fax:	+49 (0)221 822 3525
E-mail:	ir@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:	802533

End of Announcement DGAP News Service