Deutz makes a very promising start to 2022

• Marked rise in new orders compared with the first quarter of 2021
• Double-digit increases in unit sales and revenue
• Strong improvement in profitability

Preliminary results (€ million)	Q1 2022	Q1 2021	Change
New orders	509.6	464.8	9.6%
Unit sales (units)	50,015	38,384	30.3%
thereof DEUTZ engines (units)	43,561	32,249	35.1%
thereof Torqeedo motors (units)	6,454	6,135	5.2%
Revenue	447.9	343.4	30.4%
Adjusted EBIT (EBIT before exceptional items)	15.8	0.8	> +1.000%
EBIT margin before exceptional items (%)	3.5	0.2	+3.3pp

 

Cologne, April 28, 2022 – Preliminary results show that Deutz, one of the world’s leading manufacturers of innovative drive systems, has made a successful start to 2022.

“The beginning of 2022 has been very promising for us, despite the outbreak of war in Ukraine and continuing difficulties in the supply chain. New orders were up by around 10 percent compared with the first quarter of 2021. This growth, combined with a book-to-bill ratio of 1.14, allows us to look ahead to the coming months with confidence in spite of all the geopolitical uncertainties. Meanwhile, our EBIT margin before exceptional items improved by 3.3 percentage points to 3.5 percent, not least thanks to the cost savings we have achieved”, said Deutz CEO Dr. Sebastian C. Schulte.

Marked rise in new orders; double-digit increases in unit sales and revenue
In the first quarter of 2022, new orders received by Deutz rose by 9.6 percent year on year to €509.6 million. The Group’s unit sales were up by 30.3 percent year on year at 50,015 units. Within this total, unit sales of Deutz engines jumped by 35.1 percent to 43,561 units. The Deutz subsidiary Torqeedo sold 6,454 electric boat drives, which was 5.2 percent more than in the prior-year period. Revenue grew by 30.4 percent to €447.9 million in the first three months of the year.

Strong improvement in profitability
EBIT before exceptional items (adjusted EBIT) rose sharply compared with the prior-year period, advancing from €0.8 million to €15.8 million. The adjusted EBIT margin improved by 3.3 percentage points to 3.5 percent.

Quarterly statement for Q1 2022 | conference call
The full quarterly statement for the first quarter of 2022, including the final results, will be published as scheduled on May 5, 2022. Dr. Sebastian C. Schulte, CEO, and Christian Ludwig, SVP Communications & Investor Relations, will explain the results to analysts and investors at a conference call on May 5, 2022, 11 a.m. (CET). The link to the live webcast is available on our website at https://www.deutz.com/investor-relations/.

Upcoming financial dates
May 5, 2022: Quarterly statement for the first quarter of 2022
August 11, 2022: Interim report for the first half of 2022
November 10, 2022: Quarterly statement for the first to third quarter of 2022