DEUTZ AG · ISIN: DE0006305006 · EQS - Company News

DEUTZ inks cooperation with TAFE, India’s leading agricultural group

Advantages for German locations due to broader supplier base  Cooperation to be extended to green drives  Cologne, July 1, 2024 – DEUTZ is adding another cornerstone to its Dual+ strategy, which includes both the further development of alternative drive systems and the expansion of the internal combustion engine business. The cooperation with the Indian agricultural group TAFE Motors and Tractors Limited announced today allows DEUTZ to expand its business in India, tapping into one of the faste...

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01 July 2024 07:47PM
DEUTZ inks cooperation with TAFE, India’s leading agricultural group
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Advantages for German locations due to broader supplier base  Cooperation to be extended to green drives  Cologne, July 1, 2024 – DEUTZ is adding another cornerstone to its Dual+ strategy, which includes both the further development of alternative drive systems and the expansion of the internal combustion engine business. The cooperation with the ...
DEUTZ AG
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08 May 2024 05:54PM
Broad support for strategy adopted by Board of Management and Supervisory Board – new CEO of Green segment introduced
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Actions of the Supervisory Board formally approved by a large majority; shareholders also vote in favor of all management proposals Dividend increased to €0.17 per share approved Green segment now has its own CEO: Bert van Hasselt takes responsibility for alternative drive development with immediate effect Cologne, May 8, 2024 – At today’s virtua...
DEUTZ AG
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30 April 2024 07:30AM
DEUTZ delivers robust performance at the start of the new year – stable margin despite a fall in demand as a result of economic conditions
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PRESS RELEASE DEUTZ delivers robust performance at the start of the new year – stable margin despite a fall in demand as a result of economic conditions Strategic and operational measures take effect in a challenging first quarter; revenue from continuing operations reaches €454.7 million in a difficult economic environment (down by 10.3 percent ...
DEUTZ AG
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19 March 2024 08:21AM
DEUTZ achieves record earnings and looks ahead to the new year with confidence
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DEUTZ achieves record earnings and looks ahead to the new year with confidence Revenue up by almost 8% to €2.1 billion in 2023  Guidance met third year in a row Adjusted group earnings up by 34.7% to €120.4million Adjusted earnings cont. operations up by 38.7% to €143.6million Cologne, March 19, 2024 – Within a persistently challenging macroeco...
DEUTZ AG
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13 December 2023 07:13PM
DEUTZ AG and Rolls-Royce’s Power Systems Business Unit reach general agreement on the takeover of engine platforms
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DEUTZ and Rolls-Royce’s Power Systems Business Unit reached a general agreement today on the takeover of the sales and service operations for various industrial engines. Subject to final agreement, DEUTZ is expected to take over the distribution of the mtu Classic series and the mtu engine series 1000-1500, which are based on Daimler Truck engine p...
DEUTZ AG
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09 November 2023 07:30AM
DEUTZ generates further profitable growth in the third quarter and raises its full-year earnings guidance for 2023 – first H2 volume production order received
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Revenue increases by around 10 % to €1.54 billion in the nine-month period Adjusted EBIT up by around 40 % to €92.7 million in the nine-month period – 2023 guidance for the adjusted EBIT margin raised to between 5.3 % and 5.8 % (previously: around 5 %) New orders hold steady in Q3 2023 (up by 0.5 % compared with Q3 2022) First volume production ...
DEUTZ AG
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10 August 2023 07:30AM
Jump in profits for DEUTZ in the first half of 2023
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Adjusted EBIT rises by almost 50 percent to €62.5 million Revenue increases by 10.0 percent to €1.02 billion At €0.99 billion, new orders are down slightly compared with the high level in the prior-year period DEUTZ confirms it is likely to reach the upper end of the forecast ranges for 2023 Cologne, August 10, 2023 – DEUTZ maintained its growth...
DEUTZ AG
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04 May 2023 07:30AM
DEUTZ earnings soar in the first quarter of 2023
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Adjusted EBIT more than doubles to €32.1 million year on year Free cash flow increases by €15.7 million to €10.8 million DEUTZ expects to reach the upper end of the guidance ranges for 2023 Cologne, May 4, 2023 – DEUTZ stayed the course for growth in the first quarter of 2023: With an increase in unit sales of 10.6 percent[1] year on year, the ma...
DEUTZ AG
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04 May 2023 07:30AM
DEUTZ AG: DEUTZ earnings soar in the first quarter of 2023
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Adjusted EBIT more than doubles to €32.1 million year on year Free cash flow increases by €15.7 million to €10.8 million DEUTZ expects to reach the upper end of the guidance ranges for 2023 Cologne, May 4, 2023 – DEUTZ stayed the course for growth in the first quarter of 2023: With an increase in unit sales of 10.6 percent[1] year on year, the ma...
DEUTZ AG
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27 April 2023 07:47AM
DEUTZ AG: DEUTZ refines full-year 2023 guidance after better than expected start into the year
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DEUTZ reports a better than expected start into the new fiscal year. Based on preliminary results for the first quarter 2023 the Company was able to increase its new orders by over 3 % to €526 million (Q1 2022: €509.6 million). Consolidated revenue grew by 15.5 % to around €517 million (Q1 2022: €447.9 million). The preliminary figure for EBIT befo...
DEUTZ AG
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27 April 2023 07:47AM
DEUTZ refines full-year 2023 guidance after better than expected start into the year
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DEUTZ reports a better than expected start into the new fiscal year. Based on preliminary results for the first quarter 2023 the Company was able to increase its new orders by over 3 % to €526 million (Q1 2022: €509.6 million). Consolidated revenue grew by 15.5 % to around €517 million (Q1 2022: €447.9 million). The preliminary figure for EBIT befo...
DEUTZ AG
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29 March 2023 09:00AM
Completion of cooperation between DEUTZ and Daimler Truck
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Authorities have granted full approval to the cooperation with Daimler Truck Daimler Truck with a 4.19 percent stake in DEUTZ At the end of January, DEUTZ AG (DEUTZ) announced a comprehensive cooperation with Daimler Truck AG (Daimler Truck). The transactions include both medium-duty engines (Daimler Truck MDEG series), which are suitable for use ...
DEUTZ AG
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29 March 2023 09:00AM
DEUTZ AG: Completion of cooperation between DEUTZ and Daimler Truck
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Authorities have granted full approval to the cooperation with Daimler Truck Daimler Truck with a 4.19 percent stake in DEUTZ At the end of January, DEUTZ AG (DEUTZ) announced a comprehensive cooperation with Daimler Truck AG (Daimler Truck). The transactions include both medium-duty engines (Daimler Truck MDEG series), which are suitable for use ...
DEUTZ AG
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16 March 2023 06:55AM
DEUTZ significantly increases its profit in 2022 and pursues further growth with its Dual+ strategy
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Revenue increases by more than 20 percent to €1.95 billion Classic business delivers its best result in ten years New medium-term guidance for 2025 Last year, DEUTZ maintained its course and achieved its targets in a challenging geopolitical and macroeconomic environment. The drive manufacturer’s unit sales rose by 16.6 percent, while revenue cli...
DEUTZ AG
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16 March 2023 06:55AM
DEUTZ AG: DEUTZ significantly increases its profit in 2022 and pursues further growth with its Dual+ strategy
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Revenue increases by more than 20 percent to €1.95 billion Classic business delivers its best result in ten years New medium-term guidance for 2025 Last year, DEUTZ maintained its course and achieved its targets in a challenging geopolitical and macroeconomic environment. The drive manufacturer’s unit sales rose by 16.6 percent, while revenue cli...
DEUTZ AG
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30 January 2023 08:39AM
DEUTZ enters into cooperation with Daimler Truck to develop and market medium- and heavy-duty engines
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DEUTZ takes an important step in further expanding its modern internal combustion engine business. Daimler Truck will take a 4.19 percent stake in DEUTZ AG, becoming a large shareholder. Today, DEUTZ AG (DEUTZ) and Daimler Truck AG (Daimler Truck) signed agreements giving DEUTZ access to Daimler engines by end of the decade. These include both med...
DEUTZ AG
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30 January 2023 08:38AM
DEUTZ reaches agreement with Daimler Truck on acquisition of IP and license rights for medium-duty engines and of license rights for heavy-duty engines
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Today, DEUTZ AG ('DEUTZ') and Daimler Truck AG ('Daimler Truck') reached the following agreements: DEUTZ will acquire the on-highway IP and license rights for the development, production, and marketing of medium-duty engines (Medium Duty Engine Generation – 'MDEG') by way of a capital increase in kind in return for issuing new DEUTZ shares. Further...
DEUTZ AG
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19 January 2023 11:00AM
DEUTZ enginges will continue to keep the world moving
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Planned investment of more than €100 million in technologies of the future Ambition to play an active role in market consolidation DEUTZ to be carbon-neutral by 2050 DEUTZ continues to pursue its growth strategy with a clear framework for further business expansion. Through its Powering Progress strategy program, DEUTZ is actively engaging with t...
DEUTZ AG
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18 January 2023 05:00PM
Supervisory Board of DEUTZ AG extends term of appointment of CEO Dr. Sebastian C. Schulte by five years
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The Supervisory Board of DEUTZ AG today decided on the early extension of the term of appointment of CEO Dr. Sebastian C. Schulte. He has now been appointed for a further five years, with his new term of office running until December 31, 2028. Dr. Dietmar Voggenreiter, Chairman of the Supervisory Board of DEUTZ AG: “Following on from the new appoi...
DEUTZ AG
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09 November 2022 07:30AM
DEUTZ AG: DEUTZ completes a successful nine-month period and publishes full-year guidance for 2022
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Orders on hand rise to around €830 million Revenue increases by 19 percent to almost €1.4 billion Adjusted EBIT margin improves to 4.7 percent Following a successful first half of the year, DEUTZ continued to generate growth and recorded double-digit increases in unit sales and revenue in the nine-month period. The war in Ukraine did not have a m...
DEUTZ AG
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09 November 2022 07:30AM
DEUTZ completes a successful nine-month period and publishes full-year guidance for 2022
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Orders on hand rise to around €830 million Revenue increases by 19 percent to almost €1.4 billion Adjusted EBIT margin improves to 4.7 percent Following a successful first half of the year, DEUTZ continued to generate growth and recorded double-digit increases in unit sales and revenue in the nine-month period. The war in Ukraine did not have a m...
DEUTZ AG
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06 September 2022 08:00PM
DEUTZ AG: Supervisory Board completes restructuring of the Board of Management
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New CFO appointed Michael Wellenzohn, member of the Board of Management responsible for sales, marketing, and service, leaves DEUTZ AG by mutual agreement CTO Dr. Markus Müller to also assume responsibility for sales At its meeting today, the Supervisory Board of DEUTZ AG made further decisions regarding the reorganization of the Board of Managem...
DEUTZ AG
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06 September 2022 08:00PM
Supervisory Board completes restructuring of the Board of Management
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New CFO appointed Michael Wellenzohn, member of the Board of Management responsible for sales, marketing, and service, leaves DEUTZ AG by mutual agreement CTO Dr. Markus Müller to also assume responsibility for sales At its meeting today, the Supervisory Board of DEUTZ AG made further decisions regarding the reorganization of the Board of Managem...
DEUTZ AG
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23 August 2022 10:43AM
DEUTZ AG: DEUTZ appoints Dr. Petra Mayer to the Board of Management
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Dr. Petra Mayer to join the Board of Management as COO on November 1, 2022 She will be responsible for the new operations resort The Supervisory Board of DEUTZ AG is continuing its restructuring of the Board of Management. Dr. Petra Mayer will be joining the Board of Management on November 1, 2022. As Chief Operating Officer (COO), Dr. Mayer will ...
DEUTZ AG
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23 August 2022 10:43AM
DEUTZ appoints Dr. Petra Mayer to the Board of Management
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Dr. Petra Mayer to join the Board of Management as COO on November 1, 2022 She will be responsible for the new operations resort The Supervisory Board of DEUTZ AG is continuing its restructuring of the Board of Management. Dr. Petra Mayer will be joining the Board of Management on November 1, 2022. As Chief Operating Officer (COO), Dr. Mayer will ...
DEUTZ AG
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11 August 2022 07:30AM
DEUTZ with profitability improvement in the first half of 2022
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Orders on hand increase to around €770 million Revenue increase by around 21 percent Full-year guidance for 2022 remains subject to change After a successful start to the year, DEUTZ – one of the world’s leading manufacturers of innovative drive systems for off-highway applications – continued to benefit from the sustained recovery in relevant do...
DEUTZ AG
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11 August 2022 07:30AM
DEUTZ AG: DEUTZ with profitability improvement in the first half of 2022
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Orders on hand increase to around €770 million Revenue increase by around 21 percent Full-year guidance for 2022 remains subject to change After a successful start to the year, DEUTZ – one of the world’s leading manufacturers of innovative drive systems for off-highway applications – continued to benefit from the sustained recovery in relevant do...
DEUTZ AG
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05 May 2022 07:30AM
DEUTZ AG: DEUTZ generates further growth in first quarter of 2022
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Rise in orders on hand to around €750 million Significant improvement in adjusted EBIT New revenue target defined for the profitable service business: €500 million by 2025 Restructuring of the Group’s funding Cologne, May 5, 2022 – DEUTZ, one of the world’s leading manufacturers of innovative drive systems for off-highway applications, can look ...
DEUTZ AG
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14 March 2022 07:30AM
DEUTZ AG: DEUTZ reports significant increase in revenue and earnings for 2021
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Orders on hand at around €680 million, more than double the figure as at the end of 2020 Significant improvement in operating profit and free cash flow Proposed dividend of €0.15 per share Guidance for 2022 under review Cologne, March 14, 2022 -DEUTZ, one of the world's leading manufacturers of innovative drive systems for off-highway applicatio...
DEUTZ AG
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12 February 2022 08:10PM
DEUTZ AG: Changes to the Board of Management and Supervisory Board
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DEUTZ AG announces that the Chairman of the Board of Management, Dr Frank Hiller, was dismissed from the Board today by the Supervisory Board. He leaves the Board with immediate effect. Dr Sebastian Schulte, current Chief Financial Officer and Labor Director, will take over his duties with immediate effect, in addition to his current duties, which ...
DEUTZ AG
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15 December 2021 07:34AM
DEUTZ AG: DEUTZ completes deal to acquire stake in Blue World Technologies
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Investment of €7.5 million for an 11.91% stake Deal supports the growth target for DEUTZ's new 'Green' segment Cologne, Aalborg December 15, 2021 - DEUTZ continues to expand its activities in alternative powertrains. The due diligence of Blue World Technologies was completed yesterday, leading to the purchase of the first of two tranches. The purc...
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17 November 2021 10:00AM
DEUTZ AG: DEUTZ creates new Green segment
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New growth strategy drives transformation to sustainable mobility CEO Dr. Frank Hiller: "We are reinventing the engine" Cologne/Stockstadt, November 17, 2021 - DEUTZ AG is creating a new reporting structure and introducing the segments 'Classic' and 'Green'. With effect from January 1, 2022, all activities connected with the development and produc...
DEUTZ AG
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10 November 2021 07:30AM
DEUTZ AG: DEUTZ sees significant growth of new orders
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Double-digit percentage increases in unit sales and revenue EBIT margin before exceptional items rises to 2.6 percent in the nine-month period Further milestones reached with the sustainability strategy Cologne, November 10, 2021 - DEUTZ generated further growth in the third quarter of 2021, building on its success in the first half of the year. ...
DEUTZ AG
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13 September 2021 06:38PM
DEUTZ AG: DEUTZ raises 2021 forecast
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DEUTZ is raising its forecast for a second time in 2021, due to continued strong demand in all of the main application segments and a significantly improved earnings performance. The company now anticipates unit sales of 155,000 to 170,000 DEUTZ engines[1] (previously: 140,000 to 155,000), which should result in an increase in revenue to between €...
DEUTZ AG
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12 August 2021 07:30AM
DEUTZ AG: DEUTZ with jump in second quarter earnings
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Order intake rises 65 percent in the first half 2021 to more than one billion euros Revenue grows by 24.2 percent to €770.2 million Cost-saving effects of the efficiency program are becoming increasingly tangible Full-year guidance confirmed - guidance for free cash flow raised After a successful start to 2021, DEUTZ achieved further growth in t...
DEUTZ AG
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06 May 2021 07:30AM
DEUTZ AG: High hopes for 2021 following a successful start to the year for DEUTZ
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Significant new order growth; orders on hand up by around 48 percent year on year Strong improvement in profitability and free cash flow Further progress with implementing Transform for Growth; voluntary redundancy program taken up in full Rigorous implementation of strategic growth initiatives Full-year guidance for 2021 raised despite difficu...
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19 April 2021 06:58PM
DEUTZ AG: Adjustment of the guidance for 2021
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Preliminary results show that DEUTZ has made a successful start to 2021 and it is adjusting its guidance for 2021 on the basis of the healthy level of new orders and the significant improvement in its earnings performance. Based on current information, the Company now anticipates unit sales of 140,000 to 155,000 DEUTZ engines[1] (previously: at le...
DEUTZ AG
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23 November 2020 06:49PM
DEUTZ AG: DEUTZ postpones its medium-term targets from 2022 to 2023/2024
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DEUTZ AG has today adjusted its existing outlook for 2022. The Company was previously aiming for an increase in revenue to €2 billion, along with an EBIT margin before exceptional items of 7 to 8 percent for 2022. At the present time, DEUTZ believes that these targets will not be reached until 2023/2024. In particular, this is due to the macroecono...
DEUTZ AG
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10 November 2020 07:30AM
DEUTZ AG: DEUTZ's engine business shows first signs of recovery in the third quarter
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- Significant improvement in operating profit in the third quarter of 2020 compared with the previous quarter - Successful introduction of Transform for Growth with expected cost savings of around €100 million from 2022 - restructuring costs of nearly €38 million recognized as an exceptional item in the third quarter - Further quarter-on-quarter im...
DEUTZ AG
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18 August 2020 06:57PM
DEUTZ AG: DEUTZ reaches agreement on a key issues paper as part of the implementation of its global efficiency program
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Today, DEUTZ has reached agreement on a key issues paper, representing an important milestone in the implementation of its global 'Transform for Growth' efficiency program. The aim of the measures agreed in this context is to further strengthen the Company's competitiveness at a global level whilst protecting the viability of Germany as a company b...
DEUTZ AG
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11 August 2020 07:30AM
DEUTZ AG: Significant decline in business performance in the first half of 2020 due to the coronavirus crisis
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Measures under the Transform for Growth efficiency program defined and initiated - annual cost savings of around €100 million expected from 2022 Group guidance for 2020 remains under review; medium-term targets confirmed Revenue target for China in 2022 raised to €800 million[1] DEUTZ Group: overview of key figures € million H1 2020 Chang...
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06 August 2020 10:00AM
DEUTZ AG: Dr. Sebastian Schulte to be new Chief Financial Officer of DEUTZ AG
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Supervisory Board thanks Dr. Andreas Strecker The Supervisory Board of DEUTZ AG has appointed Dr. Sebastian Schulte to the Board of Management of DEUTZ AG with effect from no later than February 1, 2021. As Chief Financial Officer (CFO), Schulte will take over responsibility for finance, human resources, purchasing, and information services on Marc...
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More DEUTZ AG related information
Type Total Last Made by Go to
Corporate Research 0 - - Corporate Research
Directors Dealings 9 22nd May 2024 Schulte, Dr. Sebastian C. DD
Short Seller (DE) 11 25th July 2022 WorldQuant, LLC SSR (DE)
Short Seller (UK) 0 - - SSR (UK)
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