DEUTZ AG Q3 Report 2023

Highlights

• Margin remains high thanks to success of performance initiatives
• New logistics concept established at headquarters in Cologne
  • Progress with warehouse consolidation
• Before the pandemic, orders on hand were at a maximum of around €500 million
• Increase in orders on hand to €676 million in 2021 due to supply chain bottlenecks
• Levels of new orders and of orders on hand returning to normal in 2023 as the supply chain situation eases and the fixed-volume program expires

Q3 In numbers:

• Year-on-year reduction in new orders, mainly due to the fixed-volume program for compact engines implemented in Q4 2022; book-to-bill-ratio at 0.93 (Q1–Q3 2022: 1.09)
• Orders on hand remain at high level of €666.5 million as at September 30, 2023 (September 30, 2022: €828.8 million)
• Group’s unit sales lower than in prior-year period due to fall in demand at Torqeedo (unit sales of DEUTZ engines up by 5.1%)
• Net income before exceptional items amounted to €66.5 million (Q1–Q3 2022: €52.2 million)