Brief: Deutz Specifies Forecast For 2023

Deutz AG

04/05/2023 06:40

May 4 (Reuters) - DEUTZ AG  DEZG.DE :
    * DEUTZ EARNINGS SOAR IN THE FIRST QUARTER OF 2023
    * FULL-YEAR GUIDANCE FOR 2023 SPECIFIED
    * OUTLOOK 2023: DEUTZ IS FORECASTING UNIT SALES OF BETWEEN
175,000
AND 195,000 DEUTZ ENGINES FOR FULL YEAR 2023
    * OUTLOOK 2023: SEES REVENUE INCREASE TO BETWEEN EUR 1.9
BILLION
AND EUR 2.1 BILLION AND AN ADJUSTED EBIT MARGIN OF 4.0 PERCENT
TO 5.0 PERCENT
    * Q1 FREE CASH FLOW INCREASES BY EUR 15.7 MILLION TO EUR
10.8
MILLION
    * COMPANY ALREADY EXPECTS TO ACHIEVE UPPER END OF FULL-YEAR
2023
GUIDANCE RANGES ISSUED IN MARCH
    * CEO - OUR INITIATIVES LAUNCHED LAST YEAR ARE INCREASINGLY
PAYING
OFF.

Source text for Eikon:  ID:nEQ6k1XTpa 
Further company coverage:  DEZG.DE 

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