(Reuters) – Engine maker Deutz reported on Thursday a rise in its 2024 order intake, while its adjusted earnings (EBIT) almost halved due to a weak economic environment and a lower production volume in its diesel and gas enginees segment.
The order intake stood at 1.8 billion euros ($1.96 billion), while the EBIT slumped to 76.7 million euros, a 46% decrease from the previous year.
Deutz, which is poised to benefit from fiscal reforms in Germany, forecasted sales between 2.1-2.3 billion euros for the 2025 financial year, in line with LSEG expectations of 2.1 billion euros.
However, the outlook doesn’t take into account the potential impact of U.S. tariffs, the company added in a statement.
($1 = 0.9179 euros)
(Reporting by Paolo Laudani, editing by Kirsti Knolle)
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