Brief: DEUTZ FY Sales Up Almost 8%

Deutz AG

19/03/2024 06:30

March 19 (Reuters) - DEUTZ AG  DEZG.DE :
    * SALES INCREASE BY ALMOST 8% TO AROUND €2.1 BILLION IN 2023
    * FY GROUP ADJUSTED EARNINGS GROW BY 34.7% TO €120.4 MILLION
    * FORECAST ACHIEVED FOR THE THIRD YEAR IN A ROW
    * ADJUSTED EARNINGS FROM CONTINUING OPERATIONS GROW BY 38,
7% TO
€143.6 MILLION
    * CASH FLOW FROM OPERATING ACTIVITIES AMOUNTED TO
€138.8 MILLION
IN THE FINANCIAL YEAR, COMPARED WITH €57.7 MILLION IN THE
PREVIOUS YEAR
    * DIVIDEND OF €0.17 PER SHARE PROPOSED FOR 2023
    * OUTLOOK 2024: THE ADJUSTED EBITDA BUDGET IS ANTICIPATED IN
A
RANGE BETWEEN 5.0 % AND 6.5 %
    * OUTLOOK 2024: FREE CASH FLOW BEFORE M&A IS EXPECTED TO LIE
IN
THE MID DOUBLE-DIGIT-MILLION-EURO RANGE

Further company coverage:  DEZG.DE 

 (Gdansk Newsroom)
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