DEUTZ AG Q1 2024: Key Takeaways
Q1 2024: DEUTZ AG Shows Resilience
In Q1 2024, DEUTZ AG demonstrated resilience and adaptability in challenging economic conditions. Despite a 10.3% revenue decline to €454.7 million compared to Q1 2023, the company’s stable adjusted EBIT margin of 6.1% underscores its robust business model and strategic positioning.





Key Operational Moves
The quarter saw key operational moves, including the completion of an alliance with Daimler Truck and the sale of the Torqeedo Group, which reinforced DEUTZ’s dual strategy and positioned the company for continued growth. Mark Schneider, Head of Investor Relations, gave a presentation detailing the financial highlights, including the completion of the Torqeedo sale, which is expected to generate a significant book gain in Q2 2024, and the strengthening of DEUTZ’s service business, which showed slight growth.





2024 Guidance
The company confirmed its 2024 guidance, targeting 160,000 to 180,000 unit sales, revenue between €1.9 billion and €2.1 billion, an adjusted EBIT margin of 5.0% to 6.5%, and free cash flow in the mid-double-digit millions of euros. This reaffirms DEUTZ AG’s commitment to its financial targets and provides a clear roadmap for stakeholders.





Conclusion
The performance and strategic realignments underscore DEUTZ AG’s resilience and readiness to confidently navigate the rest of the year.






▶️ Other videos:
Elevator Pitch: [ Ссылка ]
Company Presentation: [ Ссылка ]
Deep Dive Presentation: [ Ссылка ]
Financial Results Presentation: [ Ссылка ]
ESG Presentation: [ Ссылка ]




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