17.04.2018
DEUTZ AG DE0006305006
DGAP-Adhoc: DEUTZ AG: Review of carrying amounts at the DEUTZ Dalian joint venture
DGAP-Ad-hoc: DEUTZ AG / Key word(s): Joint Venture
DEUTZ AG: Review of carrying amounts at the DEUTZ Dalian joint venture
17-Apr-2018 / 19:56 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Cologne, 17 April 2018. In the course of the review, initiated by the DEUTZ
AG Board of Management, of the strategic options for the joint venture DEUTZ
(Dalian) Engine Co., Ltd., headquartered in Dalian, China ('DEUTZ Dalian'),
the audit firm engaged to conduct the review notified DEUTZ AG today of the
suspicion that various carrying amounts on the joint venture's balance sheet
need to be adjusted downward. According to preliminary estimates, the
necessary write-down might impact the consolidated financial statements of
the DEUTZ Group in the range of EUR16 million to EUR32 million. The carrying
amounts in question predominantly relate to transactions carried out in 2011
to 2013. DEUTZ Dalian is accounted for under the equity method in the DEUTZ
Group's consolidated financial statements. The final results of this review
are not yet available.
For further information on this DEUTZ AG ad-hoc disclosure, please contact:
Investor & Public Relations
Christian Krupp
Tel: +49 (0)221 822 5400
Fax: +49 (0)221 822 155 401
Email: [email protected]
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17-Apr-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: DEUTZ AG
Ottostraße 1
51149 Köln (Porz-Eil)
Germany
Phone: +49 (0)221 822 0
Fax: +49 (0)221 822 3525
E-mail: [email protected]
Internet: www.deutz.com
ISIN: DE0006305006
WKN: 630500
Indices: SDAX
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime
Standard); Regulated Unofficial Market in Berlin, Hamburg,
Hanover, Munich, Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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