27.07.2018
DEUTZ AG DE0006305006
DGAP-Adhoc: DEUTZ AG: DEUTZ raises profit forecast
DGAP-Ad-hoc: DEUTZ AG / Key word(s): Change in Forecast
DEUTZ AG: DEUTZ raises profit forecast
27-Jul-2018 / 12:27 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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Based on a successful first six months of the year and the continuing
strength of market demand in 2018, the Board of Management has decided today
to provide a more specific revenue forecast and to raise the profit
estimate. This comes in the wake of an announcement of arbitration leading
to the suspension of the strike at the important supplier Neue Halberg-Guss
GmbH. This development is expected to stabilise the situation in the supply
chain within a very short period of time.
DEUTZ expects to see a significant increase in revenue during the current
financial year to more than EUR1.6 billion despite the six-week strike at
Halberg having reduced revenue by an amount in the order of the mid to high
double-digit million euros. Until now, DEUTZ had only forecast a significant
increase in revenue without specifying a figure. In 2017, DEUTZ generated
revenue of EUR1,479 million.
DEUTZ now forecasts a modest increase in the EBIT margin before exceptional
items to at least 4.5 %. Until now, DEUTZ had merely held out the prospect
of a modest increase in the EBIT margin. In 2017, DEUTZ reported an EBIT
margin before exceptional items of 2.9%.
This forecast rests on the assumption that there will be no further
strike-related disruption and that the ongoing arbitration will result in a
definitive end to the strike action. The interim report for the first six
months will be published as planned on 2 August 2018.
For further information on this DEUTZ AG ad-hoc disclosure, please contact:
Contact:
Christian Krupp
Head of Finance, Investor & Public Relations
Tel.: +49 (0)221 822-5400
Fax: +49 (0)221 822-15-5401
E-Mail: [email protected]
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27-Jul-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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708653 27-Jul-2018 CET/CEST
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