Brief: Deutz H1 Revenue Of EUR 875.5 Million, Down 12.6%

Deutz AG

08/08/2024 06:30

Aug 8 (Reuters) - DEUTZ AG  DEZG.DE :
    * DEUTZ - H1 EBIT BEFORE EXCEPTIONAL ITEMS AT €50.1 MILLION,
ADJUSTED EBIT MARGIN OF 5.7%
    * DEUTZ - H1 NEW ORDERS FELL SHARPLY, DECLINING BY -18.1%
YEAR ON
YEAR TO €791.0 MILLION
    * DEUTZ - H1 NET INCOME FROM CONTINUING OPERATIONS FELL YEAR
ON
YEAR FROM €53.8 MILLION TO €25.6 MILLION
    * DEUTZ - H1  ADJUSTED EBIT MARGIN WAS DOWN ONLY SLIGHTLY
YEAR ON
YEAR AT 5.7% DESPITE THE SIGNIFICANT DROP IN REVENUE
(Q1-Q2/2023: 7.1%).
    * DEUTZ - H1 CONSOLIDATED REVENUE AMOUNTED TO €875.5
MILLION, A
YEAR-ON-YEAR DECREASE OF 12.6% (H1/2023: €1,001.2 MILLION)
    * DEUTZ - NOW ANTICIPATES THAT, AT BEST, IT WILL REACH THE
LOWER
END OF ITS FORECAST RANGE FOR UNIT SALES OF 160,000 TO
180,000ENGINES IN 2024

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

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