This was mainly due to the sharp decline caused by the global coronavirus pandemic in the reporting period. 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. 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. 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. However, it is clear that the entire DEUTZ team will do everything they can to ensure that we emerge stronger from the crisis. Its core competencies are the development, production, distribution, and servicing of diesel, gas, and electric drive systems for professional applications. The company engages in customized and compact diesel engines that are cooled by water, ... Fiscal Year End Dec 31, 2020. Deutz-Fahr is a brand of tractors and other farm equipment. DEUTZ AG, a publicly traded company headquartered in Cologne, Germany, is one of the world’s leading manufacturers of innovative drive systems. DEUTZ AG: Significant decline in business performance in the first half of 2020 due to the coronavirus crisis. As well as adjusting operating costs, a large part of the savings are to be achieved by reducing staff costs. MODELS | 2020 NEW TRACTOR View all financials. 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. There was also a heavy drag on operating profit from payments of around €10 million made under continuation agreements with suppliers that are going through insolvency proceedings and demand-related impairment losses of around €5 million recognized on capitalized development projects. 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 Data as of Dec 30 2020. 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. The virtual Annual General Meeting 2020 of DEUTZ AG took place on Thursday, 25 June 2020. Following on from this, DEUTZ is planning to launch a voluntary program encompassing a further 350 jobs at its sites in Germany. Klöckner-Humboldt-Deutz AG took over in 1985, later becoming Deutz AG. Click here for the latest issue of DEUTZWORLD - our customer magazine 2020 TRACTOR MODELS PRICE LIST 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. “Our utmost objective is to avoid compulsory redundancies and find a socially responsible solution for our employees. | 2020 TRACTOR The InvestorPortal can be accessed here. 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. As at June 30, 2020, orders on hand stood at €253.5 million (June 30, 2019: €462.6 million). TRACTOR BRANDS, 2020 NEW deutz-fahr TRACTOR Herzlich willkommen auf der offiziellen Facebook-Seite der DEUTZ AG! 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. DEUTZ Customized Solutions (DCS): key figures for the segment. Η Klöckner-Humboldt-Deutz AG ανέλαβε το 1985, αργότερα έγινε Deutz AG. 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. Alerts. 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. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. In the first six months of this year, the operating profit of the DEUTZ Compact Engines segment deteriorated by a substantial €84.7 million to a loss due to the collapse in demand triggered by the coronavirus pandemic. However, there were some positive influences on earnings performance in addition to the general cost reductions and the use of short-time working: The Board of Management waived its one-year variable remuneration for 2020 and senior managers waived a substantial part of their variable remuneration for 2020. The revenue target of approximately EUR800 million includes the revenue generated by the joint venture with SANY. At present, nobody can predict how the coronavirus crisis will continue to unfold. 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. The EBIT margin stood at minus 8.0 percent in the reporting period, compared with 5.1 percent in the prior-year period. The subsidiaries sell and service diesel engines in Austria, Slovakia, Slovenia, the Czech Republic, and Hungary. MODELS PRICE | Working together, the parties will be able to develop an engine that provides customers additional and exceptional value upon initial purchase while retaining … 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. ... Τελευταία τροποποίηση 07:09, 18 Απριλίου 2020. 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. MODELS. 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. This investor news may contain certain forward-looking statements based on current assumptions and forecasts made by the DEUTZ management team. Perkins. | 2020 TRACTOR  Deutz. TRACTOR DEUTZ TRACTOR The DCS segment’s sales figures also deteriorated in the period under review. “The adverse effects of the coronavirus pandemic on the global economy and thus on our engine business cannot be ignored. s.parentNode.insertBefore(gcse, s); 2020 TRACTOR PRICE LIST | 2020 deutz-fahr TRACTOR PRICE 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. New orders came to €439.9 million, which was 41.8 percent lower than in the first six months of 2019. After spinning off Deutz Power Systems, the company has made a full circle back to MWM. 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. 2020 TRACTOR PRICE | 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. 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 Measures under the Transform for Growth efficiency program defined and initiated – annual cost savings of around €100 million expected from 2022. This significant decline compared with the prior-year period was attributable, in particular, to the fall in revenue and the resulting diseconomies of scale. 2020 TRACTORS These impairment losses were recognized due to the expected decrease in demand for the affected engine series. In 2012, SAME Deutz-Fahr sold a majority of its holding in Deutz AG to Volvo, selling more than 22 Million shares. This was mainly attributable to the deconsolidation of the joint venture DEUTZ AGCO Motores S.A., Haedo, Argentina, in the first half of 2019. DEUTZ Asia News. Currency figures normalised to DEUTZ AG's reporting currency: Euro EUR. 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. The progression and timeline of the coronavirus crisis going forward is very difficult to predict, as is its impact on the economy and thus on DEUTZ’s engine business. By contrast, the Miscellaneous application segment and the service business notched up further increases of 16.4 percent and 0.8 percent respectively. 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. EBIT margin before exceptional items (%), Earnings per share before exceptional items (€). In the period under review, the Other segment’s operating loss improved by €4.6 million. DEUTZ AG – UK Branch . The details of the underlying action plan were drawn up in the second quarter. 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. Motor Vehicle Parts. 2020 NEW TRACTOR In the first half of 2020, the DCE segment’s sales figures declined overall compared with the prior-year period. DEUTZWORLD 1 / 2020 . Deutz AG is an independent diesel engines manufacturer based in Germany. 2019 DEUTZ TRACTOR deutz-fahr TRACTOR PRICE LIST | var s = document.getElementsByTagName('script')[0]; It generated revenue of €1,840.8 million in 2019. Despite the coronavirus crisis, new orders rose by 4.8 percent year on year to €19.5 million. |  PRICE LIST TRACTORS BRANDS, TRACTORTR.COM TRACTOR BRANDS MODELS 2019 NEW 2020 2021 2022 TRACTORS 0 KM Price PRICES ZERO PRICE LIST, DEUTZ DEUTZ CORPORATION. TRACTOR MODELS TRACTOR MODELS 2019 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. Industrial Machinery & Equipment. | 2020 To access the InvestorPortal, shareholders or their authorized representatives need the individual login details sent out with the confirmation of registration. 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. 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. var cx = '007900373790542963314:necputbwfjs'; 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. German diesel engine manufacturer Deutz AG on Monday warned its business would fall in 2020 due to a slump in demand for engines, and said the spread of the coronavirus may impact its supply chain. })(). 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”. deutz-fahr TRACTOR MODELS |2020 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. 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 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". 2020 NEW TRACTOR MODELS 2020 deutz-fahr 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. 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. Further information is available at www.deutz.com[1]. Top Competitors of DEUTZ. Consequently, it is still not possible to provide updated guidance for 2020 at the present time. 2,500. The Construction Equipment, Material Handling, Agricultural Machinery, and Stationary Equipment application segments recorded double-digit percentage reductions in new orders. * 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 These factors include those that DEUTZ has described in published reports, which are available at www.deutz.com. Frank Hiller (Vorsitz), Dr. Andreas Strecker, Michael Wellenzohn 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. Deutz Xchange is a full tear down of a Deutz engine and rebuild with Deutz only parts and 300 point inspection. 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. Annual General Meeting 2020. MODELS TRACTOR In the Americas region, unit sales fell by 47.4 percent to 14,726 engines. 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. 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 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. The DEUTZ Group’s revenue fell by 33.3 percent compared with the first six months of 2019 to €620.0 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. 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. The segment’s total unit sales dropped by 30.1 percent to 9,442 engines. 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.