(RTTNews) – Deutz AG (DEZBF.PK, DEUZF.PK), a German inner combustion engine maker, reported Thursday fourth-quarter web revenue of 18 million euros, 12.5 % increased than final yr’s 16 million euros.
EBIT, in the meantime, plunged 82 % to 1.5 million euros from 8.3 million euros a yr in the past.
Adjusted EBIT was 19.4 million euros, down 30 % from 27.7 million euros final yr. Adjusted EBIT margin was 3.8 %, in comparison with 4.9 % a yr in the past.
Income of 507.8 million euros declined 10.1 % from 564.8 million euros within the prior yr. Income from persevering with actions declined 8.7 %.
Unit gross sales for the quarter declined 28.3 %.
New orders had been 480.9 million euros, up 37 % from 351 million euros final yr.
Additional, the Board of Administration and the Supervisory Board will suggest to the Annual Basic Assembly on Might 8 a dividend of 0.17 euro per share, identical as final yr.
Trying forward, for fiscal 2025, DEUTZ expects income of between 2.1 billion euros and a couple of.3 billion euros, accompanied by adjusted EBIT margin of between 5.0 % and 6.0 %.
In fiscal 2024, income was 1.81 billion euros and adjusted EBIT margin was 4.2 %.
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