deutz ag kurzarbeit 2020

DEUTZWORLD 1 / 2020 . Tractors and Agricultural Machinery: DEUTZ-FAHR is a brand that invests massively in technology. However, it is important to note that the amount and the date of this payment continue to depend on when the development plan for the site is formally approved and so cannot be precisely determined yet. Furthermore, business operations were significantly disrupted in the second quarter as a result of a temporary production shutdown and the introduction of short-time working. DEUTZ AG, a publicly traded company headquartered in Cologne, Germany, is one of the world’s leading manufacturers of innovative drive systems. It was established in 1968 after the acquisition of the majority of share capital in FAHR, a leading company already producing agricultural equipment in the previous century, by the Klockner-Humboldt-Deutz AG (KHD) group. | NEW TRACTOR MODELS 2019 Published by DEUTZ AG Ottostrasse 1 51149 Cologne-Porz (Eil) Tel: +49 (0) 221 822 0 Fax: +49 (0) 221 822 5850 Email: info@deutz.com www.deutz.com Board of Management: Dr.-Ing. New orders fell by 8.4 percent year on year to €165.4 million. Miscellaneous was the only application segment with an increase in unit sales, registering a substantial rise of 112.7 percent that was largely attributable to the introduction of small outboard motors known as trolling motors. The main areas of action are optimization of the global production network, automation and digitalization of production and administrative processes, and groupwide streamlining of the organizational structure. Top Competitors of DEUTZ. This investor news may contain certain forward-looking statements based on current assumptions and forecasts made by the DEUTZ management team. In 2012, SAME Deutz-Fahr sold a majority of its holding in Deutz AG to Volvo, selling more than 22 Million shares. The breakdown by application segment reveals that only the service business recorded a rise in new orders, with an increase of 6.0 percent to €89.0 million that was primarily attributable to the expansion of on-site customer service business. It offers a broad range of engines delivering up to 620 kW that are used in construction equipment, agricultural machinery, material handling equipment, stationary equipment, commercial vehicles, rail vehicles, and other applications. The sharp rise in the Miscellaneous application segment was primarily due to the growth in new orders for rail vehicle drive systems. The operating profit for the segment deteriorated markedly compared with the first half of 2019. This was mainly due to the sharp decline caused by the global coronavirus pandemic in the reporting period. The impact of the coronavirus pandemic on the business activities of the DEUTZ Group and its customers meant that DEUTZ reported an operating loss (EBIT before exceptional items) of €49.9 million in the first half of 2020. 2020 TRACTOR PRICE | The EBIT margin stood at minus 8.0 percent in the reporting period, compared with 5.1 percent in the prior-year period. of Vienna-based Pro Motor Beteiligungsgesellschaft mbH. In view of the restructuring of its business in China, DEUTZ raised its original revenue target for 2022 from around €500 million to around €800 million. This was due not only to the sharp drop in new orders triggered by the coronavirus crisis but also to the high level of new orders in the prior-year period as a result of customers building up their inventories of engines before new emissions standards came into force. Growth is likely to be driven mainly by the continued internationalization and rapid expansion of the service business, but also by the expansion of the core business and the further development of the product portfolio. Deutz AG. var s = document.getElementsByTagName('script')[0]; to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The DEUTZ Group sold a total of 73,859 engines in the reporting period, which was 27.3 percent fewer than in the first half of 2019. gcse.type = 'text/javascript'; |  2019 DEUTZ TRACTOR As well as adjusting operating costs, a large part of the savings are to be achieved by reducing staff costs. The details of the underlying action plan were drawn up in the second quarter. gcse.src = 'https://cse.google.com/cse.js?cx=' + cx; Measures under the Transform for Growth efficiency program defined and initiated – annual cost savings of around €100 million expected from 2022, Group guidance for 2020 remains under review; medium-term targets confirmed, Revenue target for China in 2022 raised to €800 million. View all financials. The issuer is solely responsible for the content of this announcement. Demand slumped due to customers continuing to sell the inventories of engines they had built up before new emissions standards came into force, which had already led to a low level of orders on hand at the end of 2019, and due to the macroeconomic impact of the coronavirus pandemic in what was already a challenging market environment. 2020 deutz-fahr TRACTOR PRICE The Xchange engine also comes with a full 3 year new warranty to give that customer the peace of mind in purchasing. Deutz Xchange is a full tear down of a Deutz engine and rebuild with Deutz only parts and 300 point inspection. 2020 TRACTOR  (function() { Industrial Machinery & Equipment. Dr. Frank Hiller, CEO, and Dr. Andreas Strecker, CFO, will discuss the company’s business results for the first nine months of 2020 with journalists on November 10, 2020, at 9 a.m. CET in a teleconference. Alerts. Revenue decreased across all regions and application segments, falling by 21.6 percent year on year to €145.0 million. 2020 TRACTORS The segment’s total unit sales dropped by 30.1 percent to 9,442 engines. Deutz Tier 3 engines come with common rail fuel injection, advanced electronics and the addition of an EGR system. It is now anticipated that the final installment of the purchase price for the Cologne-Deutz site, which had been expected as a positive exceptional item, will be paid in 2021 rather than this year. The subsidiaries sell and service diesel engines in Austria, Slovakia, Slovenia, the Czech Republic, and Hungary. It generated revenue of €1,840.8 million in 2019. DGAP Voting Rights Announcement: DEUTZ AG DEUTZ AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution 26.11.2020 / 16:29 Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG. We have done this and we expect implementation of the resulting action plan to generate annual cost savings totaling around €100 million from the end of 2022.”, Sharp decline in sales figures as a result of the coronavirus crisis. This significant increase is due, in particular, to the fact that the planned volume for the joint venture already meets existing market demand and the intention is to gain further market share from competitors by implementing the China strategy. Further information is available at www.deutz.com[1]. The revenue target of approximately EUR800 million includes the revenue generated by the joint venture with SANY. TRACTOR MODELS TRACTOR MODELS 2019 We have therefore already entered into an ongoing dialog with the employee representatives to discuss the details of a voluntary program,” stressed DEUTZ CEO Hiller. Working together, the parties will be able to develop an engine that provides customers additional and exceptional value upon initial purchase while retaining … As part of the deconsolidation, which was carried out for reasons of materiality, cumulative negative exchange differences were reclassified from equity to the income statement, which had a significant adverse impact on the segment’s earnings in the prior-year period. Unvaccinated Singaporeans Need Not Fear a Shift in Job Scope, Migrant pay gap widens in many high-income countries, End in Sight for Hiring Discrimination in China, Casual and part-time jobs at record levels in Australia, Standard Chartered Bank partners with Microsoft to become a cloud-first bank, The Association of Hong Kong Professionals Proposes Innovative Measures to Curb Pandemic, The MDRT Academy, a New Kind of Association, Now Available for Financial Professionals in Malaysia, Prudential collaborates with K-pop band SuperM to launch “We DO Well Together”. The ramp-up of these motors enabled DEUTZ subsidiary Torqeedo to more than double its sales of boat motors to a total of 16,244, which equates to a year-on-year rise of 163.8 percent. PRICE LIST TRACTORS BRANDS, TRACTORTR.COM TRACTOR BRANDS MODELS 2019 NEW 2020 2021 2022 TRACTORS 0 KM Price PRICES ZERO PRICE LIST, DEUTZ Motor Vehicle Parts. DEUTZ and JDPS to co-develop and co-source in low hp engine range Cologne/Iowa - DEUTZ and John Deere Power Systems (JDPS) have announced plans to jointly develop and source components for a low horsepower range engine up to 130kW. Under the equity method, this revenue is not recognized in the consolidated financial statements. DPS Gensets power datacenter in Singapore; Desmond brings knowledge into the field; DEUTZ shows new dynamic @ bauma India and China; DEUTZ gives way for more Innovation; Customer Service meeting; ELECTRIP: DEUTZ demonstrated electric drive systems; DEUTZ CONNECT APP; Pricing campaign; DEUTZ Distributor Meeting Asian Region DEUTZ Compact Engines (DCE): key figures for the segment. NEW TRACTOR NEW This was mainly attributable to the deconsolidation of the joint venture DEUTZ AGCO Motores S.A., Haedo, Argentina, in the first half of 2019. A total of 380 jobs have already been cut in the first half of this year, partly by reducing the number of temporary workers. In the period under review, the Other segment’s operating loss improved by €4.6 million. As at June 30, 2020, orders on hand stood at €253.5 million (June 30, 2019: €462.6 million). The Company does not undertake to update these forward-looking statements or to change them to reflect future events or developments. ... Τελευταία τροποποίηση 07:09, 18 Απριλίου 2020. Transform for Growth global efficiency program defined. Deutz AU. “The adverse effects of the coronavirus pandemic on the global economy and thus on our engine business cannot be ignored. })(). The segment’s operating profit was also weighed down by impairment losses on two development projects that were recognized due to the expected decrease in demand for the affected engine series. Its core competencies are the development, production, distribution, and servicing of diesel, gas, and electric drive systems for professional applications. Various known and unknown risks, uncertainties, and other factors may lead to material differences between the actual results, the financial position, or the performance of the DEUTZ Group and the estimates and assessments set out here. 2020 TRACTOR PRICE LIST | Revenue declined across the board, from both a regional and an application segment perspective. deutz-fahr TRACTOR | In the EMEA region (Europe, Middle East, and Africa), DEUTZ’s biggest sales market, unit sales went down by 30.5 percent compared with the prior-year period to 37,763 engines. In the Americas region, unit sales fell by 47.4 percent to 14,726 engines. 2020 NEW TRACTOR MODELS DGAP-Ad-hoc: DEUTZ AG / Key word(s): AGM/EGM/Miscellaneous DEUTZ AG: DEUTZ proposes suspending its dividend payment for 2019 - Annual General Meeting will now take place as a virtual event on June 25, 2020 04-May-2020 / 12:50 CET/CEST Disclosure of an inside information acc. The segment’s operating profit was weighed down by a fall in revenue of almost 38 percent, payments to suppliers going through insolvency proceedings to enable them to continue supplying DEUTZ, and impairment losses on a development project. Click here for the latest issue of DEUTZWORLD - our customer magazine Miscellaneous was the only application segment with an increase in new orders, registering a substantial rise of 52.6 percent to €29.6 million that was largely attributable to new orders for rail vehicle drive systems. Annual General Meeting 2020. MODELS PRICE | Head Office DEUTZ Australia P/L 136-140 South Park Drive Dandenong South, VIC 3175 Tel: +61 (0)3 9549 8400 Fax: +61 (0)3 9549 8445 deutzoz@deutz.com EBIT margin before exceptional items (%), Earnings per share before exceptional items (€). The company engages in customized and compact diesel engines that are cooled by water, ... Fiscal Year End Dec 31, 2020. The Other segment includes not only Torqeedo’s business with electric motors for boats but also Futavis GmbH, which was acquired in October 2019. DEUTZ Service Center Chicago. TRACTOR 2019 TRACTOR MODELS The virtual Annual General Meeting 2020 of DEUTZ AG took place on Thursday, 25 June 2020. Its goal is always to supply the farmer with state of the art but reliable agricultural vehicles that facilitate his work and maximize his productivity. DEUTZ has around 4,900 employees worldwide and over 800 sales and service partners in more than 130 countries. Frank Hiller (Vorsitz), Dr. Andreas Strecker, Michael Wellenzohn DGAP-Adhoc: DEUTZ AG: DEUTZ postpones its medium-term targets from 2022 to 2023/2024 Nov 23, 2020 DGAP-News: DEUTZ AG: DEUTZ's engine business shows first signs of recovery in the third quarter Consequently, it is still not possible to provide updated guidance for 2020 at the present time. DEUTZ Customized Solutions (DCS): key figures for the segment. Tractors and Agricultural Machinery: DEUTZ-FAHR is a brand that invests massively in technology. Despite the coronavirus crisis, new orders rose by 4.8 percent year on year to €19.5 million. All regions contributed to this growth. Deutz-Fahr is a brand of tractors and other farm equipment. The InvestorPortal can be accessed here. The segment’s unit sales declined by 41.2 percent to 48,173 engines and revenue contracted by 37.8 percent to €453.7 million, with decreases in all regions and application segments. Currency figures normalised to DEUTZ AG's reporting currency: Euro EUR. “Our utmost objective is to avoid compulsory redundancies and find a socially responsible solution for our employees. Despite the current situation, we believe we are on the right track to be able to achieve our medium-term targets,” said DEUTZ CEO Dr. Frank Hiller. By contrast, unit sales in the Asia-Pacific region grew by 10.8 percent owing to the aforementioned ramp-up at Torqeedo. Perkins. 2020 NEW TRACTOR Explore our tools. The Construction Equipment, Material Handling, Agricultural Machinery, and Stationary Equipment application segments recorded double-digit percentage reductions in new orders. In the period under review, the new orders received by DEUTZ fell by 34.6 percent year on year to €623.6 million. By taking these measures, DEUTZ hopes to generate annual cost savings of around €100 million, with the full effect expected to be achieved from 2022 onward. At the start of the year, DEUTZ launched a Company-wide efficiency program, Transform for Growth, in order to further shore up its earnings performance in challenging conditions. Overall, the segment’s business performance was positive in the reporting period. 8.2K likes. By contrast, the Miscellaneous application segment and the service business notched up further increases of 16.4 percent and 0.8 percent respectively. This significant decline compared with the prior-year period was attributable, in particular, to the fall in revenue and the resulting diseconomies of scale. The remaining reduction in headcount is to be achieved by the end of 2022 as fixed-term contracts come to an end and through natural attrition. deutz-fahr TRACTOR PRICE LIST | Income statement (EUR) Year on year DEUTZ AG had net income fall -25.18% from 69.90m to 52.30m despite revenues that grew 3.49% from 1.78bn to 1.84bn over the same period. var cx = '007900373790542963314:necputbwfjs'; COLOGNE, GERMANY – EQS Newswire – 11 August 2020 – DEUTZ, a leading global manufacturer of innovative drive systems, registered a significant overall decline in business performance in the first half of 2020 as a result of the coronavirus crisis. 2,500. The UK Branch of DEUTZ AG is located in the Midlands, the heart of UK engineering, and is responsible for sales and service in the UK and Ireland, supporting the comprehensive range of drivetrain systems built by DEUTZ AG in Germany. * Measures under the Transform for Growth efficiency program defined and initiated - annual cost savings of around €100 million expected from 2022 * Group guidance for 2020 remains under review; medium-term targets confirmed * Revenue target for China in 2022 raised to €800 million[1]DEUTZ Group: overview of key figures€ millionH1 2020ChangeQ2 2020Change New orders623.6-34.6%266.9 … In the first half of 2020, the DCE segment’s sales figures declined overall compared with the prior-year period. As a result, DEUTZ is also adhering to its revenue target for the service business, which it has brought forward to 2021 and envisages revenue of over €400 million. var gcse = document.createElement('script'); MODELS. Fundamentally, it can be assumed that the remainder of 2020, particularly the third quarter, will continue to be heavily affected by the impact of the coronavirus crisis, although to a lesser extent than the second quarter. The DEUTZ Group’s revenue fell by 33.3 percent compared with the first six months of 2019 to €620.0 million. After spinning off Deutz Power Systems, the company has made a full circle back to MWM. Deutz AG has acquired the subsidiaries Deutz Austria GmbH, Motorcenter Austria GmbH, and Pro Motor Servis CZ s.r.o. Group guidance for 2020 remains under review; medium-term targets confirmed. At the present time, DEUTZ believes that these targets will not be reached until 2023/2024. Only the Construction Equipment application segment recorded an increase, with its unit sales advancing by 13.7 percent to 1,755 engines thanks to the business involving drives for mining equipment. | Manufacturing. DEUTZ AG: Significant decline in business performance in the first half of 2020 due to the coronavirus crisis. DEUTZ AG (DEZX:GER) financials, including income statements, growth rates, balance sheets and cash flow information. deutz-fahr TRACTOR MODELS |2020 Last update: 01.10.2020 DTCList_MD1_DOC_DPF_DE_EN.pdf This DTC list can be used for MD1 software revisions till revision number "ST5_V662a_X8d". This was primarily thanks to the ramp-up of trolling engines and led to a 32.4 percent jump in revenue to €22.5 million. 2020 deutz-fahr Operating profit falls sharply, partly as a result of diseconomies of scale. Klöckner-Humboldt-Deutz AG took over in 1985, later becoming Deutz AG. These factors include those that DEUTZ has described in published reports, which are available at www.deutz.com. | The live webcast can be accessed here. Commenting on the Transform for Growth efficiency program launched at the start of this year, he added: “To be competitive in the long term and ensure the Company stays on course for success, it is vital that we regularly review our processes and structures. Following on from this, DEUTZ is planning to launch a voluntary program encompassing a further 350 jobs at its sites in Germany. Full-year guidance for 2020 remains under review. In the first half of 2020, unit sales more than doubled to a total of 16,244 electric motors. 2020 TRACTOR MODELS PRICE LIST TRACTOR DEUTZ TRACTOR TRACTOR BRANDS, 2020 NEW deutz-fahr TRACTOR At present, nobody can predict how the coronavirus crisis will continue to unfold. Despite the currently difficult situation, the Company reaffirms its current outlook for 2022, when it expects to generate revenue in excess of €2.0 billion and an EBIT margin before exceptional items in the range of 7 percent to 8 percent. However, it is clear that the entire DEUTZ team will do everything they can to ensure that we emerge stronger from the crisis. Measures under the Transform for Growth efficiency program defined and initiated – annual cost savings of around €100 million expected from 2022. MODELS | 2020 NEW TRACTOR DEUTZ Asia News. * dgap-adhoc: deutz ag: deutz is ramping down production and retracting guidance for 2020 * WILL BE SHUTTING DOWN LARGE PARTS OF ITS PRODUCTION IN EUROPE, AT FIRST FROM APRIL 1 THROUGH APRIL 17, 2020 Data as of Dec 30 2020. The DCS segment’s sales figures also deteriorated in the period under review. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. |2020 DEUTZ AG, Köln, Deutschland. DEUTZ AG / Key word(s): AGM/EGM/Miscellaneous DEUTZ AG: DEUTZ proposes suspending its dividend payment for 2019 - Annual General Meeting will now take place as a virtual event on June 25, 2020 04-May-2020 / 12:50 CET/CEST Disclosure of an inside information acc.

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