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DEUTZ AG Financial Results 9M 2024 | Analysis on Profits and Strategic Cost Programs

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DEUTZ AG 9M 2024: Key Takeaways

In this detailed video presentation

Mark Schneider, Head of Investor Relations at DEUTZ AG, reviews the company’s financial performance for the first nine months of 2024. Despite a challenging third quarter, Schneider emphasizes how DEUTZ has maintained profitability, a testament to the company’s resilience and adaptability in a tough market. He begins with a look at DEUTZ’s steady growth in the service segment, a vital area of recurring revenue. He notes the stable performance in the Americas, contributing to financial stability.

Strategic Moves in the Third Quarter of 2024

Schneider then delves into DEUTZ’s strategic moves during the third quarter of 2024, setting the company on a strong path forward. These steps include key operational improvements to bolster competitiveness and long-term value for shareholders. To support profitability further, DEUTZ has implemented rigorous cost-cutting measures, expecting to save €10-15 million in Q4 alone through these efforts. This disciplined approach to expense management is an essential part of DEUTZ’s strategy to counter economic pressures and protect its bottom line, significantly improving the company’s financial health.

Adjusting Financial Guidance and Cost Management

Recognizing the current economic challenges, Schneider also addresses adjusting DEUTZ’s 2024 financial guidance to reflect market realities and ensure transparent communication with investors. Beyond the immediate future, Schneider introduces a robust structural cost program targeting €50 million in long-term savings, intended to strengthen DEUTZ’s competitive position in the industry. This program builds on DEUTZ’s commitment to sustainable cost management, which is supported by specific actions already underway.

Realigning the Dual+ Strategy for Growth

As part of its growth vision, DEUTZ has realigned its Dual+ strategy, adapting it to the company’s second strategic horizon. This realignment is designed to sharpen DEUTZ’s focus on core strengths while opening avenues for growth in emerging markets. Schneider outlines DEUTZ’s ambitious revenue goal for 2030, showcasing the company’s forward-thinking approach and positioning it as a resilient leader prepared for long-term success. This ambitious goal is a testament to DEUTZ’s potential for future growth. Complementing this long-term vision, DEUTZ has established new mid-term targets that keep the company on track toward its 2030 revenue goals.

Investor Engagement and Financial Calendar

In closing, Schneider shares DEUTZ’s financial calendar, inviting investors and stakeholders to stay updated on upcoming reports and earnings calls. He provides contact details for DEUTZ’s investor relations team, underscoring the company’s unwavering commitment to ongoing communication and transparency. This comprehensive review of DEUTZ’s financials and strategic priorities provides a valuable perspective for anyone invested in or following DEUTZ AG, offering a clear roadmap for navigating the complexities of today’s market while positioning the company for future growth.

Chapters
  • DEUTZ remains profitable after a difficult Q3
  • Revenue: Service continues to grow, Americas stable
  • Third quarter 2024 with important strategic steps
  • €10-15 million savings in Q4 2024 through consistent implementation of cost measures
  • Guidance 2024 adjusted due to weak market environment
  • In addition, structural cost program of €50 million to increase competitiveness in the long term
  • Our Dual+ strategy realigned for our second strategic horizon
  • Our new mid-term targets
  • Financial calendar and contact details
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Mark Schneider
Head of Investor Relations | DEUTZ AG

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Release Date

November 7, 2024

Duration

08:42

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