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DEUTZ AG (DEZG.DE)

DEZG.DE on Xetra

7.11EUR
9:05pm IST
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Latest Key Developments (Source: Significant Developments)

DEUTZ H1 Oper Profit More Than Doubled To EUR 48 Mln
Wednesday, 11 Jul 2018 

July 11 (Reuters) - DEUTZ AG ::H1 VOLUME OF NEW ORDERS ROSE BY 36.6 PER CENT YEAR ON YEAR TO €1,097 MILLION.H1 OPERATING PROFIT (EBIT BEFORE EXCEPTIONAL ITEMS) MORE THAN DOUBLED TO €48 MILLION YOY (H1 2017: €23 MILLION).H1 REVENUE CAME TO €878 MILLION, A 20 PER CENT INCREASE YEAR ON YEAR (H1 2017: €735 MILLION).SAYS CANNOT RAISE EARNINGS FORECAST FOR 2018 AT THE MOMENT, UNABLE TO PREDICT HOW STRIKE AT NEUE HALBER-GUSS GOES.  Full Article

Deutz withdrawal from China joint venture to dent H1 profit
Tuesday, 3 Jul 2018 

July 3 (Reuters) - DEUTZ AG ::DEUTZ AG: DEUTZ INTENDS TO WITHDRAW FROM THE DEUTZ DALIAN JOINT VENTURE AND IS NEGOTIATING NEW STRATEGIC ALLIANCES IN CHINA.SAYS DEUTZ INTENDS TO WITHDRAW FROM DEUTZ DALIAN JOINT VENTURE AND IS NEGOTIATING NEW STRATEGIC ALLIANCES IN CHINA.TO SELL ITS 50 PER CENT STAKE IN COMPANY TO JOINT VENTURE PARTNER FAW.SAYS PLANNED TRANSACTION IS SUBJECT TO APPROVAL OF SUPERVISORY BOARD OF DEUTZ AG AND SHOULD BE COMPLETED IN SECOND HALF OF 2018..SAYS TALKS ON NEW ALLIANCES WITH MAJOR LOCAL PARTNERS IN CONSTRUCTION EQUIPMENT AND AGRICULTURAL MACHINERY INDUSTRIES HAVE ALREADY REACHED AN ADVANCED STAGE.SEES PROCEEDS OF ALMOST EUR10 MILLION FROM DISPOSAL OF DEUTZ DALIAN JOINT VENTURE AND FROM RELATED LICENSING INCOME.SAYS DEUTZ EXPECTS PROCEEDS OF ALMOST EUR10 MILLION FROM DISPOSAL OF DEUTZ DALIAN JOINT VENTURE AND FROM RELATED LICENSING INCOME.SAYS IN FIRST HALF OF 2018, EARNINGS ARE LIKELY TO BE REDUCED BY A SUM IN HIGH SINGLE-DIGIT OR LOW DOUBLE-DIGIT MILLIONS OF EUROS.SAYS PROCEEDS FROM DISPOSAL ARE EXPECTED TO LARGELY OFFSET, IF NOT EXCEED, THIS SUM OVER COURSE OF 2018.SAYS OVERALL, DEUTZ DALIAN JOINT VENTURE AND ITS SALE ARE NOT EXPECTED TO SIGNIFICANTLY IMPACT ON EARNINGS THIS YEAR.  Full Article

DEUTZ Q1 Oper Profit Up At EUR 21.7 Mln, FY Outlook Confirmed
Friday, 13 Apr 2018 

April 13 (Reuters) - DEUTZ AG ::Q1 VOLUME OF NEW ORDERS ROSE BY 42.6 PER CENT YEAR ON YEAR TO €574.9 MILLION.Q1 OPERATING PROFIT INCREASED YEAR ON YEAR BY €14.1 MILLION TO €21.7 MILLION IN THE FIRST QUARTER OF 2018..Q1 REVENUE AT €414.5 MILLION, A 17.6 PERCENT INCREASE YOY (Q1 2017: €352.5 MILLION).CONFIRMS 2018 FORECAST OF A MARKED INCREASE IN REVENUE AND A MODERATE RISE IN THE EBIT MARGIN.  Full Article

Deutz swings to Q3 profit, affirms guidance
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Deutz AG :Q3 order intake 370.8 million eur‍​.Q3 adjusted EBIT 5 million eur.Q3 net profit 1.5 million eur.Affirms guidance.Real estate sale in Cologne-Deutz to have postitive 2-digit million eur impact on Q4 earnings.  Full Article

DEUTZ supplies Terex with Xchange engines
Wednesday, 5 Oct 2016 

Deutz AG : DEUTZ supplies Terex with Xchange engines . Deutz Corporation based in Georgia in the United States and Terex, have concluded to expand their relationship to the field of reconditioning .Under this new arrangement, deutz ag's american subsidiary will supply terex with exchange engines for reconditioning its genie aerial working platforms.  Full Article

Deutz H1 net profit up at 20.0 mln euros
Thursday, 4 Aug 2016 

Deutz AG : H1 EBIT at 20.7 million euros versus 20.3 million euros ($22.61 million) year go . H1 sales at 644.4 million euros, 3.8 percent below the previous year's figure of 670.2 million euros. . H1 net profit at 20.0 million euros versus 16.7 million euros year go . Confirms FY 2016 outlook .Seasonally the second half of 2016 is expected to be weaker than the first half.  Full Article