Deutz AG (DEZBF.PK), a German internal combustion engine manufacturer, Wednesday reported loss before tax from continuing operations of 8.8 million euros for the first quarter, compared with profit of 19.5 million euros in the same quarter a year ago, primarily due to increase in research and development costs.
Net loss from continuing operations was 10 million euros or 0.07 euros per share compared with net income of 16.5 million euros or 0.13 euros per share last year.
Net loss attributable to shareholders was 10 million euros or 0.07 euros per share compared with profit of 8.8 million euros or 0.07 per share a year ago.
Excluding one-time items, the company posted earnings of 0.06 euros per share, down from 0.16 euros per share last year.
Revenue for the quarter grew 7.5% to 489 million euros from 454.7 million euros in the previous year.
New orders increased 30.3% to 546.1 million euros from 419.2 million euros last year.
Looking ahead, the company said in a statement, "Assuming that market will recover noticeably in the second half of 2025 and that measures to mitigate the impact of US tariffs prove effective, DEUTZ continues to project revenue of between 2.1 billion euros and 2.3 billion euros for 2025."
Additionally, Deutz has set a revenue target of 3.2 billion euros - 3.4 billion euros to be achieved by 2028.
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