DEUTZ AG hat dies direkt geteilt
There is one thing that links all our businesses: our drive to keep the world moving. No matter the technology. And wherever our expertise gives us an advantage – or the chance to create one. That is what we have stood for worldwide for 160 years. 125 of them listed on the stock exchange, giving us access to capital and ensuring transparency and good corporate governance. The history of DEUTZ AG is a great example how important these factors are for long-term success. These 125 years is what we celebrated today Deutsche Börse in Frankfurt, together with my board colleagues Oliver Neu, Petra Mayer and our Investor relations team. Thanks to Fabienne Lindner and the whole team at Deutsche Börse for having us. Right after ringing the bell we presented our full year figures for 2024 to our shareholders. Here is the bottom line: ➡️ 2024 was not an easy year. The economic environment took a considerable toll on us, as demonstrated by a look at practically all of our sales markets. The good news is that we are making money even in these difficult times. Our EBIT before exceptional items of €76.7 million and adjusted EBIT margin of 4.2% show this very clearly. That is a level of margin that DEUTZ had previously achieved only when production was running at very high capacity utilization. ➡️ This was partly due to the rigorous implementation of our strategy, which saw us play an active role in the consolidation of the engine market, expand our service business around the world, enter new markets, and take various cost and performance measures to improve our efficiency and flexibility. Another incredible team effort by all colleagues around the world. Thanks to the whole DEUTZ family 🙏