Deutz AG

DEZ

Equity

ISIN DE0006305006 / Valor 338580

Xetra (2026-09-01)

EUR 12.57-1.33%

Deutz AG
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About company

Deutz AG is a Cologne-based, publicly traded manufacturer of internal-combustion engines and related products and services for commercial, industrial and off‑highway applications. Founded in the 19th century, the company develops, manufactures and sells diesel and natural‑gas engines, engine components and control and after‑treatment systems, and generates recurring revenue from spare parts, maintenance and service contracts; its customer base includes OEMs and fleet operators in agriculture, construction, material handling and stationary power generation. Deutz operates manufacturing and sales activities internationally and positions its business around supplying complete engines and aftermarket support to industrial clients.

Summarized from source with an LLMView SourceSector: Industrials

Top-line and profitability

Revenue: €530.0m (+8.4% YoY). Adjusted EBIT: €37.3m (+45.7%), adjusted EBIT margin 7.0% (+1.8pp). EBITDA (before exceptional items): €58.2m (margin 11.0%, +1.7pp). Reported EBIT: €31.1m (vs -€4.0m), net income €21.8m and EPS €0.14. Exceptional items were an expense of €6.2m (vs €29.6m in Q1 2025).

Orders and backlog

New orders: €771.0m (+41.2%). Orders were broad‑based but driven by acquisitions and a market recovery; Frerk Aggregatebau’s new orders (~€145m) accounted for over half of the Group increase. Orders on hand (backlog) rose to €738.6m (Mar 31, 2026).

Segment performance (Q1 2026)

Engines: revenue €306.7m (+5.3%), adjusted EBIT €11.5m (margin 3.7%). Service: revenue €148.1m (+7.1%), adjusted EBIT €26.0m (margin 17.6%). Energy: revenue €50.8m (+30.6%), adjusted EBIT €3.3m (margin 6.5%) — Frerk acquisition boosted orders/revenue but limited early-period earnings contribution. NewTech: revenue €2.3m, adjusted EBIT loss reduced to -€6.4m. Defense & Other: revenue €22.1m, adjusted EBIT €2.9m.

Regions

Europe led growth (new orders and revenue), China delivered outsized new‑order growth (new orders +498.8% YoY) supported by DPX exposure, Americas revenue weakened (revenue -7.4% YoY) due to project postponements and FX effects, APAMEA grew modestly.

Cash flow and balance sheet

Free cash flow: -€99.2m; free cash flow before M&A: -€7.2m (shows operating cash generation was close to break‑even excluding deals). Net financial position weakened to -€385.1m (Dec 31, 2025: -€269.4m). Equity €1,007.6m; equity ratio 47.3% (down 4.0pp vs Dec 31, 2025).

M&A, restructuring and one‑offs

Several acquisitions (UMS, SOBEK, DPX majority, DEUTZ Turkey, OnSite Diesel, Double Down, Frerk) reshaped the portfolio and boosted orders/revenue. The Future Fit restructuring reduced structural costs and contributed to better adjusted EBIT; prior-year restructuring costs dented Q1 2025 results. Exceptional items in Q1 2026 were relatively small (-€6.2m) and now include purchase price allocation effects.

Costs, R&D and workforce

R&D expenditure (after grants) fell to €21.7m (-4.0% YoY) and R&D ratio to 4.1% (from 4.6%), reflecting project prioritization. Capital expenditure after grants €22.4m (+36.6%). Employees (FTE) increased to 6,014 (up 9.1% YoY), reflecting acquisitions and expansion of service and energy activities.

Summarized from source with an LLMView Source

Key figures

41.2%1Y

197%3Y

62.3%5Y

Performance

43.8%1Y

44.4%3Y

41.2%5Y

Volatility