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Deutz Raises FY Outlook

Deutz AG (DEZBF.PK,DEUZF.PK) said it raised its fiscal year 2021 forecast for a second time in 2021, due to continued strong demand in all of the main application segments and a significantly improved earnings performance.

The company now anticipates unit sales for fiscal year 2021 to be in the range of 155,000 to 170,000 engines, compared to the prior range of 140,000 to 155,000 engines.

The company now projects an increase in annual revenue to between 1.6 billion euros and 1.7 billion euros compared to the prior estimation of 1.5 billion euros to 1.6 billion euros.

The EBIT margin before exceptional items is predicted to be in a range of 2.0 percent to 3.0 percent compared to the prior outlook of 1.0 percent to 2.0 percent.

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