DEUTZ AG Q1 Report 2023

Highlights

  • DEUTZ acquires IP and licenses for the development and production of MDEG and HDEP engines
  • Transaction completed at end of March
  • Daimler Truck takes a 4.19% stake in DEUTZ
  • Initial talks held with prospective customers
  • Cross-functional kick-off meetings took place
  • Project pipeline growing:
    • Ten battery-electric system projects ongoing
      with OEM partners
    • Five hydrogen projects ongoing
  • Ongoing process established to evaluate new business models and potential partnerships
  • Planned investment of more than €100 million in DEUTZ Green by 2025

Q1 in numbers

  • Adjusted EBIT improves to €32.1 million (Q1 2022: €15.8 million) due to:
    • economies of scale thanks to increased business volume
    • positive product mix effects
    • market-oriented pricing policy
    • expansion of the service business
  • Net income before exceptional items2 amounts to €23.8 million (Q1 2022: €12.5 million)
  • Earnings per share before exceptional items2 comes to €0.20 (Q1 2022: €0.10)

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