Brief: DEUTZ H1 Revenue Up 10.0% At EUR 1.02 Bln

Deutz AG

10/08/2023 06:36

Aug 10 (Reuters) - DEUTZ AG  DEZG.DE :
    * JUMP IN PROFITS FOR DEUTZ IN THE FIRST HALF OF 2023
    * H1 ADJUSTED EBIT RISES BY ALMOST 50 PERCENT TO EUR 62.5
MILLION
    * H1 REVENUE INCREASES BY 10.0 PERCENT TO EUR 1.02 BILLION
    * AT EUR 0.99 BILLION, NEW ORDERS ARE DOWN SLIGHTLY COMPARED
WITH
HIGH LEVEL IN PRIOR-YEAR PERIOD
    * DEUTZ CONFIRMS IT IS LIKELY TO REACH UPPER END OF FORECAST
RANGES FOR 2023
    * ORDERS ON HAND STOOD AT EUR 739.8 MILLION AS AT JUNE 30,
2023
    * H1 FREE CASH FLOW EUR 8.3 MILLION
    * FULL-YEAR GUIDANCE FOR 2023 CONFIRMED

Source text for Eikon:  ID:nEQQrx3sa 
Further company coverage:  DEZG.DE 

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