Brief: DEUTZ FY Revenue Up At EUR 1.95 Bln

Deutz AG

16/03/2023 06:07

March 16 (Reuters) - DEUTZ AG  DEZG.DE :
    * SIGNIFICANTLY INCREASES ITS PROFIT IN 2022 AND PURSUES
FURTHER
GROWTH WITH ITS DUAL+ STRATEGY
    * DIVIDEND OF EUR 0.15 PER SHARE PROPOSED FOR 2022
    * REVENUE INCREASES BY MORE THAN 20 PERCENT TO EUR 1.95
BILLION
    * NEW MEDIUM-TERM GUIDANCE FOR 2025
    * IN 2022, NEW ORDERS RECEIVED BY DEUTZ GROUP AMOUNTED TO
EUR
2,033.6 MILLION
    * EBIT MORE THAN DOUBLING YEAR ON YEAR TO REACH EUR 89.4
MILLION
    * DEUTZ IS PREDICTING UNIT SALES OF 175,000 TO 195,000 DEUTZ
ENGINES 2  IN 2023, WHICH SHOULD RESULT IN AN INCREASE IN
REVENUE TO BETWEEN EUR 1.9 BILLION AND EUR 2.1 BILLION
    * ADJUSTED EBIT MARGIN IS LIKELY TO BE IN A RANGE OF 4.0
PERCENT
TO 5.0 PERCENT
    * FREE CASH FLOW BEFORE M&A IS EXPECTED TO BE IN
MID-DOUBLE-DIGIT
MILLIONS OF EUROS

Source text for Eikon:  ID:nEQ6npmHCa 
Further company coverage:  DEZG.DE 

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