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In this news category you will find information from and about companies, organizations, institutions, products of all kinds and in a broad spectrum. To get a quick overview of current trends and developments, it's worth visiting daily.
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Thu, 07.11.2024
DEUTZ AG
Amid challenging conditions, DEUTZ remains profitable and provides details of cost program
Adjusted EBIT margin of 4.4% in first nine months of 2024, despite slump in demand
New orders only just below level of prior-year period thanks to successful portfolio development
Cost program sets out steps for permanent savings of at least €50 million
Col [ … ]
Tue, 08.10.2024
DEUTZ AG
DEUTZ updates its growth strategy and reduces costs sustainably
Greater diversification for more profitable growth and a more resilient setup
Further strategic development of the portfolio with the new Solutions segment
Revenue target of €4.0 billion by 2030, new mid-term targets defined
Cost program with sustainable savings of €50 million set [ … ]
Thu, 19.09.2024
DEUTZ AG
Change in the CFO position at DEUTZ AG
CFO and Labour Director Timo Krutoff to leave DEUTZ AG at the end of November
Oliver Neu, Head of Finance & Controlling, to take over the Management Board position
Change will be effective from October 1, 2024
Cologne, September 19, 2024 - Timo Krutoff is leaving DEUTZ AG on November 30, 2024 by amicabl [ … ]
Thu, 19.09.2024
DEUTZ AG
Change in the CFO position at DEUTZ AG
CFO and Labour Director Timo Krutoff to leave DEUTZ AG at the end of November
Oliver Neu, Head of Finance & Controlling, to take over the Management Board position
Change will be effective from October 1, 2024
Cologne, September 19, 2024 - Timo Krutoff is leaving DEUTZ AG on November 30, 2024 by amicabl [ … ]
Thu, 08.08.2024
DEUTZ AG
Revenue and earnings performance underscore increasing resilience
At 5.7%, the adjusted EBIT margin is within the forecast target range for 2024
As expected, new orders declined further owing to sustained market weakness
Important milestones for future growth reached: completion of transactions for Blue Star Power Systems acquisition and alliance w [ … ]
Mon, 01.07.2024
DEUTZ AG
Advantages for German locations due to broader supplier base
Cooperation to be extended to green drives
Cologne, July 1, 2024 – DEUTZ is adding another cornerstone to its Dual+ strategy, which includes both the further development of alternative drive systems and the expansion of the internal combustion engine business. The cooperation with the [ … ]
Wed, 08.05.2024
DEUTZ AG
Actions of the Supervisory Board formally approved by a large majority; shareholders also vote in favor of all management proposals
Dividend increased to €0.17 per share approved
Green segment now has its own CEO: Bert van Hasselt takes responsibility for alternative drive development with immediate effect
Cologne, May 8, 2024 – At today’s virtua [ … ]
Tue, 30.04.2024
DEUTZ AG
PRESS RELEASE
DEUTZ delivers robust performance at the start of the new year – stable margin despite a fall in demand as a result of economic conditions
Strategic and operational measures take effect in a challenging first quarter; revenue from continuing operations reaches €454.7 million in a difficult economic environment (down by 10.3 percent [ … ]
Tue, 19.03.2024
DEUTZ AG
DEUTZ achieves record earnings and looks ahead to the new year with confidence
Revenue up by almost 8% to €2.1 billion in 2023
Guidance met third year in a row
Adjusted group earnings up by 34.7% to €120.4million
Adjusted earnings cont. operations up by 38.7% to €143.6million
Cologne, March 19, 2024 – Within a persistently challenging macroeco [ … ]