Brief: DEUTZ Adjusts Guidance, Expects EBIT Margin Of 4.0-5.0% For FY 2024

Deutz AG

03/10/2024 12:28

Oct 3 (Reuters) - DEUTZ AG  DEZG.DE :
    * ADJUSTS GUIDANCE FOR FY 2024 DUE TO WEAK DEMAND CAUSED BY
ECONOMIC CONDITIONS
    * IN PARTICULAR, UNIT SALES AND NEW ORDERS IN Q3 WERE BELOW
PREVIOUS EXPECTATIONS
    * NOW EXPECTS REVENUE OF AROUND EUR 1.8 BILLION (PREVIOUSLY:
EUR
1.9 BILLION TO EUR 2.1 BILLION)
    * FROM TODAY'S PERSPECTIVE, COMPANY NOW EXPECTS UNIT SALES
FOR
FULL YEAR TO BE BELOW 150,000 ENGINES (FORECAST FROM AUGUST
2024: MAXIMUM OF 160,000 ENGINES)
    * EXPECTS EBIT MARGIN OF 4.0-5.0% FOR FY 2024

Source text for Eikon:  ID:nEQ4y3lkva 
Further company coverage:  DEZG.DE 

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