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Rolls-Royce Power Systems Cologne, March 19, 2024 – Within a persistently challenging macroeconomic environment, DEUTZ stayed on course in the 2023 financial year and achieved record results for revenue EBIT1.
Key Points:
- Cologne, March 19, 2024 – Within a persistently challenging macroeconomic environment, DEUTZ stayed on course in the 2023 financial year and achieved record results for revenue EBIT1.
- The results for the past financial year prove that this approach is working,” notes DEUTZ CEO Dr. Sebastian C. Schulte.
- The company is continuing to advance market consolidation in the area of classic combustion engines through targeted acquisitions and partnerships.
- The repositioning and refocusing of the Green segment which has been initiated establishes the preconditions required to meet this objective.
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Thursday, December 14, 2023
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Thursday, December 14, 2023
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Green Commenting on the Group’s order situation, DEUTZ CFO Timo Krutoff adds: “Our new orders held steady in the third quarter, bucking the wider market trend.
Key Points:
- Commenting on the Group’s order situation, DEUTZ CFO Timo Krutoff adds: “Our new orders held steady in the third quarter, bucking the wider market trend.
- In the Green segment, DEUTZ took its first volume production order for 100 hydrogen gensets from China.
- CEO Schulte: “The first volume production order for our new hydrogen-powered gensets represents a major strategic milestone in many regards.
- Volume production of DEUTZ hydrogen engines for stationary applications is scheduled to begin at DEUTZ’s Cologne-Porz site at the end of 2024.
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Thursday, August 10, 2023
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Green Cologne, August 10, 2023 – DEUTZ maintained its growth trajectory in the first half of the year, with revenue rising by 10.0 percent year on year to reach €1,023.5 million.
Key Points:
- Cologne, August 10, 2023 – DEUTZ maintained its growth trajectory in the first half of the year, with revenue rising by 10.0 percent year on year to reach €1,023.5 million.
- Firstly, DEUTZ began the process of acquiring its long-standing service partner M. Hochschild S.A., based in Santiago, Chile, in the reporting period.
- Unit sales of DEUTZ engines [2] stood at 91,451 in the first half of 2023, a year-on-year rise of 1.1 percent.
- It expects its full-year results for 2023 to be at the upper end of the original forecast ranges.
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Material Aside from operational successes, DEUTZ also made further strategic progress: DEUTZ closed the deal with Daimler Truck on March 29.
Key Points:
- Aside from operational successes, DEUTZ also made further strategic progress: DEUTZ closed the deal with Daimler Truck on March 29.
- Moreover, DEUTZ has also further expanded its service network in the USA, opening its ninth service center in Howell, Michigan.
- With a total of 55,333 units sold [2] , DEUTZ group registered an increase in unit sales of 10.6 percent in the first quarter of 2023.
- In light of the successful business performance in the first quarter, DEUTZ now expects to achieve the upper end of these guidance ranges.
At the end of January, DEUTZ AG (DEUTZ) announced a comprehensive cooperation with Daimler Truck AG (Daimler Truck).
Key Points:
- At the end of January, DEUTZ AG (DEUTZ) announced a comprehensive cooperation with Daimler Truck AG (Daimler Truck).
- The transactions include both medium-duty engines (Daimler Truck MDEG series), which are suitable for use in applications such as construction equipment, and heavy-duty engines (Daimler Truck HDEP series), which can be used to power heavy agricultural machinery, for example.
- For the acquisition of the on-highway IP for the medium-duty engines, Daimler Truck received approx.
- As a result, Daimler Truck holds 4.19 percent of the issued capital of DEUTZ AG.
