DEUTZ AG Full-Year Report 2022
Highlights
- Classic segment with highest sales level in past 6 years
- Classic segment standalone with adjusted EBIT margin1 of 6.8% – highest margin in past 10 years
- Green segment with increasing ramp-up costs due to higher R&D costs
- Early reaction by management in February 2022 to systematically tackle this challenge
- Target of 8-12% price increase achieved by end of 2022
- DEUTZ takes over IP/licenses of medium-duty (MDEG) and heavy-duty (HDEP) engines for development & production
- Cooperation allows DEUTZ to tap into new customer groups: on-highway and off-highway customers
- Future-proof architecture and design: DEUTZ gets a proven, modern platform that can also be used for developments e.g., for H2 fuels
- Daimler to become shareholder with 4.19% stake
Numbers FY 22
- Adjusted EBIT improved to €89.4 million in 2022 (2021: €37.2 million) due to:
- Economies of scale
- Market-oriented pricing policy
- Cost-saving measures
- EBIT margin before exceptional items increased to 4.6% (2021: 2.3%)
- Net income before exceptional items amounted to €86.1 million2 (2021: €41.3 million)
- Earnings per share before exceptional items came to €0.71
(2021: €0.34)