DEUTZ AG: DEUTZ records growth in revenue and earnings - Media-OutReach - Vietnam News | Politics, B

  • New orders reflect weakening of demand as a result of the economic climate
  • Revenue rises in all regions and major application segments; high-margin service business grows by around 7 percent
  • Sharp increase in operating profit and corresponding profit margin even before exceptional items
  • Full-year revenue and EBIT guidance1) for 2019 confirmed
  • New orders reflect weakening of demand as a result of the economic climate
  • Revenue rises in all regions and major application segments; high-margin service business grows by around 7 percent
  • Sharp increase in operating profit and corresponding profit margin even before exceptional items
  • Full-year revenue and EBIT guidance1) for 2019 confirmed

Key figures for the DEUTZ Group

EUR million

Q1-Q3 2019

YoY change

Q3 2019

YoY change

New orders

1,315.2

-15.1%

361.9

-20.0%

Unit sales (units)

155,780

-0.5%

54,189

+5.6%

Revenue

1,379.9

+6.4%

450.1

+7.2%

EBIT

78.5

+71.0%

22.0

+76.0%

EBIT before exceptional items

69.2

+50.8%

22.0

+76.0%

EBIT margin

5.7%

+220 bps

4.9%

+190 bps

EBIT marginbefore exceptional items

5.0%

+150 bps

4.9%

+190 bps

Net income

54.7

+53.7%

9.4

-8.7%

Net income before exceptional items

46.8

+31.5

9.3

-9.7%

COLOGNE, GERMANY - EQS Newswire - 7 November 2019 - DEUTZ, one of the world's leading manufacturers of innovative drive systems, recorded further growth in revenue and earnings in the first nine months of 2019.

"Despite a general slowdown in market growth, we saw revenue advance in all regions and major application segments and also d....

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