Deutz AG

DEZ

Equity

ISIN DE0006305006 / Valor 338580

Xetra (2026-03-20)

EUR 8.96+0.06%

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 orders

9M 2025 revenue €1,500.4m (+14.9% vs. 9M 2024); Q3 2025 revenue €493.3m (+14.6% y/y). New orders for 9M were €1,504.5m (+11.8%), but Q3 new orders fell to €470.4m (-15.3%) versus a strong prior-year quarter.

Profitability (adjusted)

Adjusted EBIT (before exceptional items) rose to €75.5m in 9M (+31.8% y/y) with a 5.0% margin (+0.6pp). Q3 adjusted EBIT was €28.4m (margin 5.8% vs 1.7% in Q3 2024), showing clear quarter-on-quarter improvement.

Reported earnings and exceptionals

Reported EBIT was €40.1m (roughly flat y/y). Exceptional items totaled €(35.4)m in 9M (mainly Future Fit restructuring), which reduced net income to €20.1m (-14.8% y/y) and diluted reported EPS to €0.14 (9M 2024: €0.18). EPS before exceptional items rose to €0.35.

Cash flow and balance sheet

Free cash flow (continuing ops) improved to €(127.2)m (vs €(204.5)m prior year); free cash flow before M&A was €2.4m. Cash and equivalents €66.7m; net financial position -€269.2m. Equity €946.1m with a 49.0% equity ratio.

Segments — Engines & Services

DEUTZ Engines & Services (≈91% of revenue): 9M revenue €1,368.6m (+8.1%); adjusted EBIT €89.9m (+16.6%), margin 6.6% (improved thanks to service growth, portfolio changes and cost actions).

Segments — Solutions

DEUTZ Solutions: revenue jumped to €131.8m (≈+227% y/y, driven by Energy/Blue Star), but adjusted EBIT remained negative at €(14.9)m — an improvement versus prior year, with New Technology still loss-making due to high R&D.

M&A, portfolio moves and workforce

2024–2025 acquisitions (Blue Star, HJS stake, UMS, SOBEK, increased stake in DPX) materially changed the portfolio and contributed revenue; workforce rose to 5,678 FTEs (Sep 30, 2025) largely due to those additions despite Future Fit layoffs in Cologne.

Investing, R&D and capex

Capex (after grants) ~€61.6m in 9M; R&D expenditure after grants €64.0m (R&D ratio 4.3%), with capitalized development modest at €2.1m in 9M.

Guidance update

FY 2025 guidance refined: revenue expected around €2.1bn (lower end of previous €2.1–2.3bn range); adjusted EBIT margin expected near the midpoint of the 5–6% target range; free cash flow before M&A expected in the mid-double-digit millions of euros.

Summarized from source with an LLMView Source

Key figures

44.9%1Y

61.2%3Y

46.8%5Y

Performance

49.9%1Y

41.8%3Y

39.7%5Y

Volatility